Don't know what Richard Russell would say but Jim Sinclair says: -
Jim Sinclair's MineSet Thursday, 29 May 2003 1:22 PM
I am a sounding board for the Gold Community. Our troops are getting too uptight about their share positions for our own good. Traders should place close stop loss orders covering a portion of their position so if a reaction is established prematurely, the trader will have funds set aside for repositioning.
I see no end to this bull phase but rather the construction of the right shoulder of a reverse Head & Shoulder if it occurs. In time, that will result in a bullish pattern and significantly higher prices.
Lightly sell into strength in and through next week as that bullish pattern is likely. In no way do I see an end to the positive market in gold. All I see are too many nervous people not really in gold as insurance trying to beat each other to the head of the line. I chart the trend of all my incoming emails.
To Review:
Again, my suggestion is to place close stop loss orders and sell lightly into strength should that develop this week and next. Should this dip turn into a reaction consuming time, it will be shallow in price as compared to the previous events. =========================================================================== Message sent on Wed May 28, 2003 at 8:16:39 PM Pacific Time ===========================================================================
