7/30/02
Hi,

Now that the Dow and NASDAQ are finally correcting upward, it seems to me that the upward thrust was too much, too soon. I would say that the top range for the Dow is 9000, maybe 9200. The NASDAQ peak would be 1450, maybe 1500.

The low will be tested, and ultimately violated. I do not know how soon this will take place. Use this rally as a chance to sell off your unwanted stock - use closely trailing stop losses.

Gold has sold off down to 303 - from the 320s. This is a great buying opportunity. Add to your positions with further weakness, should any materialize.

The economy continues to be tough. While I know it's boring - pay down debt, go to cash and WAIT. Once in a lifetime opportunities will present themselves (probably next year).

Arnold
- posted by Arnold @ Tuesday, July 30, 2002

 
7/12/02
Hi,

Nothing goes up or down in a straight line. It appears the Dow and NASDAQ are about to experience a "summer rally." We should rally about 10% to 15% (Dow and NASDAQ respectively); then head lower - back to our target of Dow 6000 and NASDAQ 1000.

The economy continues to be in neutral, and we continue to see a lack of business momentum.

Add to gold purchases while gold stays at present or lower levels. The gold stocks to look at are: Newmont Mining (NEW) & Barrick Gold (ABX), senior producers - junior producers Bema Gold (BGO) & Canyon Resources (CAU) amongst others.

For those who have continued to ignore my advice , please set trailing stops during this rally, or else.

Arnold
- posted by Arnold @ Friday, July 12, 2002