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the last big seller is out at the low. Who will claim that honor this time.
It happens in every market. Ira.
<p>BrentinUtahsDixie wrote:
<blockquote TYPE=CITE><style></style>
<font face="Arial Black"><font color="#000000"><font size=+0>These
metals are cheaper right now for a number of reasons including lower costs
of production but I haven't seen anyone giving any away. Deflation just
may be what we will be fighting in the future. You have already seen farmers
going belly up. Most mines just shut down when the price goes too low.
I'm just surprised that the banks didn't dump their gold some time ago
when prices were higher. The 260 area is a Fibonacci extension of those
gold highs years ago. I'm afraid there is no perfect hedge.</font></font></font> <font face="Arial Black"><font color="#000000"><font size=+0>Brent</font></font></font><b><font face="Arial"><font color="#000000"><font size=-1>-----Original
Message-----</font></font></font></b>
<br><font face="Arial"><font size=-1><b>From: </b>FXTrader <forex@xxxxxxxxxxxxxx></font></font>
<br><font face="Arial"><font size=-1><b>To: </b>RealTraders Discussion
Group <realtraders@xxxxxxxxxxxxxx></font></font>
<br><font face="Arial"><font size=-1><b>Date: </b>Saturday, May 22, 1999
5:43 PM</font></font>
<br><font face="Arial"><font size=-1><b>Subject: </b>GOLD & SILVER</font></font>
<br> <font size=-1>I had a friend who bought $33,000 of silver back
in 1982-84. He paid $14.00 an ounce. I remember him telling me it was the
best inflation hedge in the world, you can never lose your money, and he
would retire a wealthy man on it.</font><font size=-1>Yes, and for those
who want to know, he still owns it. Our standing joke is, at least his
rate of return has been getting better every year. HAHAHA</font> <font size=-1>Richard
Chehovin</font> </blockquote>
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</x-html>From ???@??? Tue May 25 18:06:50 1999
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From: nwinski <nwinski@xxxxxxxxxxxxxxx>
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Subject: Re: Doing your pre-trading research.
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Fred wrote:
> I have been daytrading for a while now. I do lots of research the night
> before (and the morning before) the trading day starts.
>
> I am looking at earnings, splits, upgrades, newsworthy events. After all
> this research, I am NOT sure how much good it is doing for me during my
> datyrading daily activity. There seems to be little cause-effect from this
> information. For instance, if a strong stock splits....50% of those stocks
> go up and 50% of them go down on an intraday volatiliyt chart.
>
> What would be the highest gain things to do?
NW: Remember, if you know it, so does everyone else. So what good is it to study
all that stuff and trade accordingly? A better bet is to wait for all the sheep
to react to the news and then do the opposite. After a new item has been
discounted in the price, there is no place for it to go but the opposite
direction. You will experience the joy of buying on weakness, selling on
strength, and providing much needed liquidity to the marketplace. For this you
will be handsomely rewarded, if not on this plane, then in Karmic credits. Or in
the wise words of Ali Baa Baa and the 40 brokers, "feed the sheep and they will
follow." Ewe deserve a break today. Lamb stew anyone?
Sheepishly,
Norman
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