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Gold/Mining/Energy : Gold Price Monitor
GDXJ 109.23+3.7%Nov 28 4:00 PM EST

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To: long-gone who wrote (67488)4/10/2001 7:39:57 PM
From: Tom M  Read Replies (2) of 116779
 
<asks aluminum industry to virtually shut itself down > Titanium has been taking the same path the past few years. RTI shut down a lot of capacity at least a year ago. A look at BS reflects what's been going on in steel. Get with the program, the US global role is "Windows" -g-. We took care of Intel's competition by getting rid of Digital Equipment's mature 3rd generation 64bit debugged Alpha chip by getting rid of Digital (thank you Goldman Sachs, sponsor of acquirer Compaq). MonopolySoft is one of the few holding up its huge market cap (another Goldman baby). Of course Standard Oil, I mean Exxon/Mobil isn't doing too shabby either. This lack of competition BS is putting us in a terrible position. Looking at the value of some of the defense stocks like Loral, makes you wonder if there's any proprietary information left, it certainly hasn't been monopoly priced for its missile guidance technology since the information transfer under the last administration.

We've heard lately China's testing a nuke. Last time we talked much about nukes was the India/Pakistan thing that advanced the Doomsday Clock - which pretty much signaled the last great buying opportunity. If the DOW wasn't still twice overvalued I'd say this sure sounds like another. I don't think the media masters have an in to the handlers of the ESF (got Goldman in White House?) this time so I think the current index rallies will fail. Of course they left nice gaps up in all the indexes to attract the shorts - perfect setup to burn 'em, if they've got enough powder to keep it going a while. I'd just hope we get this ugly business over quick rather than dragging it out ala Japan. All I wanted out of gold is a reasonable day's pay for a reasonable day's work. It shouldn't sell for less than cost of production because of calculated CB sales.

wish there was something new in the story...
Tom

[edit: LG just got to your post about steel prices. It's a start. Titanium stock prices up lately too. Next...?]
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