Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: UncleBigs who wrote (63715)	6/14/2006 4:55:27 PM
From: gregor_us	Read Replies (1) \| Respond to of 110194

Did You Know That Just About 13 Months Ago, When the HUI and XAU were administered a savage beating (I remember Russ posting one day "how could there possibly be anyone left to sell?"), Jack Chan drew the same analogy for HUI/XAU to the COMP? Between then and now Chan has been at times quite strongly bullish on the gold sector. I really like Jack Chan's work and read his free stuff whenever I'm able. Was interesting to say the least however to see this Nasdaq analogy raised by him for the second time. The text of his remarks almost sounds like a duplicate from last May. LP

To: UncleBigs who wrote (63715)	6/14/2006 7:10:19 PM
From: yard_man	Respond to of 110194

not much there really -- anyone can look at a chart and see something has gone almost vertical ... and is now coming back down.

To: UncleBigs who wrote (63715)	6/14/2006 11:16:31 PM
From: basho	Respond to of 110194

While he may turn out to be right in fact, this bit of "analysis" strikes me as kind of banal. Many "parabolic" markets have sharp and scary pullbacks on their upslope -- at any one of which Chan's sort of comment could have been made -- before forging on to much greater heights. Just look at tech stocks in 1999/2000 or housing stocks more recently. Also, the end of parabolic markets is usually accompanied by an almost maniacal bullishness and widespread public participation (remember gold in 1979-80?) together with utter despair on the part of what bears remain. The odds that parabolic tops are in place are probably a good deal better for many of the base metals but even here -- where it all looks so obvious -- I think a little caution is in order.