Forum Archive Index - June 2004

["mick" <mick100@extra.co.nz>]

M y CRS  shares are down  significantly on what I paid for them in 2002.

I beleive we are in the early stages of a bull market in commoditties which will be

led by gold. I have not been trading in and out of my mining shares as others have

done. Maybe I should have but because I beleive this is a long term bull market

lasting at least to the end of this decade I see no need to try and second guess the market

by trading in and out. In the last bull market in gold the price fell from $200 per oz to $103 per oz

between 1975 -76.That"s what you would call a pull-back in price.

 

I done a lot of research before I decided to invest in commoddities and I also know that nothing

goes staight up and nothing goes straight down but take alook at long term trend (3yrs) and you

will see that gold is still above the trend line.

This minor pull back has shaken a few of the weak hands out of the market which is healthy

for a long-term  bull market.

 

If things go as I think they should the gold price will stengthen towards the end of the year

which will then bring the institutions into the markrt for gold shares

When or if this happens this will indicate the beginning of the second stage of the bull market

 

 

 

Mick