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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Joan Osland Graffius who wrote (139996)12/23/2001 7:24:21 AM
From: Earlie  Read Replies (4) of 436258
 
Hi Joan:

Many thanks for the excellent comments. It is this type of info that is beneficial to all of us. Keep it coming whenever you spot anything of consequence.

I noted that our old friend MU just bought a chip plant from one of the big Korean firms. Some analysts were talking this up. From my perspective, it is just one more dumb move by Micron's execs. The sellers sold cheaply. I wonder why. (g)

I continue to view gold stocks as a great place to be. We will see an acceleration of global economic problems in 2002 and sooner or later intelligent investors are going to both recognize and respond to these events (as well as the global printathon) by moving to the only real money. The remarkably cheap prices being bid today for the gold stocks will be one of those oppportunities that folks will talk about for years as having been "so obvious" before the upside explosion takes place. Available evidence also points to mounting problems within the physical gold environment. Demand is starting to expand and it sure looks like the central banks are running out of physical gold to lend out. One of these days, one of the more exposed bullion banks is going to get cold feet and try to quietly back out of its massive exposure to the short side of gold and we will see fireworks. Meantime, gold stocks provide excellent and cheap "currency insurance".

The longer term picture for the gas and oil sector also suggests that these stocks are getting cheap. I will wait a bit longer before I wade into them, as I think the stagnating global economy will drive energy useage even lower over the next year or so, but they sure are getting to be tempting. (g)

I also continue to search for "stocks that will do well in bad times". This is a longer term idea and more on the topic as we go forward.

Best, Earlie
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