Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: SargeK who wrote (66316)	5/17/2000 10:03:00 AM
From: SliderOnTheBlack	Read Replies (4) of 95453

re: Gold - the need for the "paper system to collapse" is imbecillic glibness personified... Bought more Gold Stocks ! Bought "N" - pureplay on Nickel this am. Sorry to be harsh, but you guys are spewing literally moronic & simplistic stereotypes about "Gold" and its role in currency. No one is talking about a collapse - what I and others are talking about is the unbridled threat that inflation is playing here in the currency markets along with the MAJOR impact of the new international agreement among central banks to dramatically limit Gold Sales and this combined with the huge - nearly immoral, if not irresponsible derivative positions related to prior bail outs of Russia, Brazil & LTC and this combined with a crashing Euro - and this combined with the fact that the dollar will rise with the Rate Hikes needed to Curb domestic inflation - all stretch the rubber band of Gold prices to where predicting that they will snap - is no longer a stretch... Please, save the basal, sterotypical & moronic simpletonian concepts of Gold & Currency - speak to something you have even a 1st grade level grasp of... PS - anyone just see Jerry Castellinni on CNBC - he has it right ! Tech is going down, people are underestimating continued future rate hikes, valuations can not be sustained and that Energy - especially the majors - which have yet to participate are the safe spot... BINGO !

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