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Strategies & Market Trends : Technical Analysis With Charts -- Ignore unavailable to you. Want to Upgrade?

To: Davy Crockett who wrote (3429)	11/20/2006 7:20:00 PM
From: sammy™ -_-	Read Replies (2) \| Respond to of 6865

All gold and commodity stocks are far more volatile than consumer/industrial shares, as reflected in the S&P 500 or Dow Jones. Buy and Hold is not a good strategy for gold shares. It would be wise to buy when commodities are in an uptrend and use protective stops. Right now, the trend is in corrective down phase. We are living in a period of rising inflation, and that's bullish for commodities. Someday the music will stop. We’re only now emerging from a 22-year bear market in gold. Gold stocks largely march to their own drummer, sometimes in the same direction as the broader stock market, but sometimes distinctly contrary to the same. Yet it is true that the strongest moves in gold stocks have occurred when the general market, as well as gold, was moving up (1971-73, 1983-1983, 1985-1987, 1993-1996). IMHO we're entering the 1985-1987 time-frame. Quote: >> Jim Rogers, legendary commodities expert (former partner of George Soros) says that commodity bull markets typically last for 15 to 20 years and we are only 5 years into this one. The message is that although the easy money has been made the big money is still to be made << Fair Value for Newmont Mining is $28.00 img166.imageshack.us