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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: tekgk who wrote (7708)10/27/1997 1:35:00 PM
From: Tommaso  Read Replies (1) | Respond to of 94695
 
Well, I don't have any formulas, but I do own physical gold--enough to buy beans for a year or two for the family, and the gold bullion mutual (CEF) and some PDG. Like you: same spirit as house, car, health insurance, mostly.

But if gold tanks to something close to production costs I might have to jump in.



To: tekgk who wrote (7708)10/27/1997 1:40:00 PM
From: Defrocked  Read Replies (1) | Respond to of 94695
 
So far the activity appears to be a "standard correction"
possibly returning us to Jan'97 levels. I expect such further
declines due to overseas markets. After all, the global
markets fed on each other on the way up, why shouldn't
they do the same on the way down?? Painful and hopefully
not true but be prepared for the worst. :^(


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