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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: SmoothSail who wrote (56649)	11/19/2008 11:00:42 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 57110

I don't think we will be below 8000 for very long. I am cautiously bullish here. From JP's thread Message 25187057 To: John Pitera who wrote (10608) 11/19/2008 2:24:11 AM From: BenWobbles of 10627 JP, I think I started buying physical in 1999..and yes, I got a bunch of it below $300. I think the lowest price I paid was $265/oz. I actually liquidated almost all of it for a pretty decent profit, but way way too early. Right now I am not bullish on gold. I am looking for weakness down into the $500 range. However, the gold miners look surprisingly good. ABX first and then NEM. I'm bullish on the USD though... I will actually be looking for entry in to iron ore miners (BHP, RTP, RIO)....not right this minute...but in the coming months. Also like the coal miners. I think reality is going to sink in with obama that coal provides us with a bridge energy source while other options are developed. If the US is going to pull out of the mideast, we really need to have an energy policy that focuses on energy independence. There is no way around thee fact that coal has to be a major keystone to that end. I also think that CSCO is a buy whenever it is at $17 or less. And I still like BAC and WFC. So, basically I'd like to see gold drop another 30% before it is attractive to me. I can honestly say I have no idea about diamonds and collectable art. you can probably tell that I am not foreseeing a big economic winter right away. However, my investment window is about 8 months now.