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Gold/Mining/Energy : Position Trading in Canada -- Ignore unavailable to you. Want to Upgrade?


To: Ward Nicholson who wrote (816)3/10/1999 1:53:00 AM
From: keith massey  Read Replies (2) | Respond to of 2259
 
Your not the only one who is worried. This market is also giving me some weird feelings lately and some of these charts are down right scary. Other than JDX and a few shares in some pennies I'm 80% cash at the end of the day. Once in a while I will take a risk and hold a stock overnight but that is normally it.

The only sector I am long term bullish on right now is gold. With the Y2K panic, the inevitable rate increase in the U.S, drop in the Euro, and the recent strength in Japan I think gold will go on a major run in the last 4-6 months of this year. It wouldn't surprise me if a lot of people in the know are getting positioned now but keeping quite. I haven't bought any gold stocks yet other than the occasional flip but have been doing research for the past 6 months on all the majors looking for the strongest ones. On Jan 1, 2000 I will re-post this message to see if my prediction came true (unless the power goes down and my computer crashes <ggg>).

Best Regards
KEITH