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loantech

01/17/04 12:18 PM

#7336 RE: Frank Pembleton #7332

I may have been wrong on the time period but a major dollar call you had made at one time went the opposite way for about 6 months when we had one of our best POG rallies. My point is and I know we have different styles is that I think we may get a dollar bounce in here but the primary trend is up for GOLD and down for the dollar in my opinion of course. Staying the course through the downs and ups has paid off quite well for me. But then again sometime the tide will turn and I better darn well be out of GOLD stocks for a long time!

I try to buy stocks like well I can't mention the one (basserdan asked me to cool off <g>)that may be result oriented vs POG driven so I am trying to have my cake and eat it too. So not manic depressive (yet) but bearish on the economy as a whole as only I have seen what I have seen working at my credit and lending desk the past 20 years. Will the over extension of credit and the total money supply ballooning of the past 7-8 years translate into continually higher POG?? I don't know of course but think it will.
I remain 100% invested in mining stocks still.
Tom