[" Metals index hits eight-month high "]
WHODATHUNKIT !?!?!
marketwatch.com
METALS STOCKS
Metals index hits eight-month high
By Myra P. Saefong, CBS.MarketWatch.com
Last Update: 4:13 PM ET Jan. 29, 2002
NEW YORK (CBS.MW) - Investor interest in the gold market on the back of a sharp decline in the overall stock market Tuesday pulled a key index of metals stocks to its highest level in eight months.
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I'll let the Chihuahua's continue to have the run of the old thread here... swapping their fish stories, back-slapping and enjoying their little 4-legged Mexican Hairless - Self Aggrandizement Society... but, I thought I'd just drop back in to add yet another "REALITY CHECK" for those few who aren't locked deep into the depths of irrationally exhuberant day-trader wannabe denial...
(PS: da'Bunger 63 days to opening day !)
...and as they say:
READ 'Em & WEEP
siliconinvestor.com
70 weeks to date:
HUI(unhedged Gold Stocks) Up + 76%
DOW .................Down - 9%
S&P 500 .............Down - 22%
XNG .................Down - 25%
OSX..................Down - 36&
Nasdq ...............Down - 44%
QQQ .................Down - 54%
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To all of the Insurance Agents, Shylock-Shyster Attorney's, Dentists, Software Engineers, School Teachers and Misc. Day-Trader Wannabe's....
- this was an anomaly.
- this was a Euphoric - IRRATIONAL Bubble.
- anyone & everyone made money on the way up during this mania; but in case some of you haven't noticed... the "way up" ended at DOW 12,000 & NAZ 5000 and that was a helluva lot of "hurt" ago.
- it's OVER...ie: the Bubble has & is still collapsing.
- RATIONAL people have left the building... and some of "us" - left with the money.
- quit playing Liberace` and put your candlesticks away and GO BACK TO YOUR DAY JOBS !
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...and as usual; I will leave you all with a final thought.
Today's keyword & concept is DEBT.
DEBT as in the collapse of Enron, KMart, Global Crossing et al... and the ongoing collapse of this market bubble.
[" ***PURCHASING POWER GAINED BY DEBT CREATION IS ALWAYS EQUALED BYPURCHASING POWER LOST BY DEBT LIQUIDATION***"]
At this unique moment in the history of mankind, understanding the inescapable consequences behind these sixteen words is more important to your financial future than you understanding all of the economic textbooks ever written. These sixteen words are also the most secretative, never written, never publicly spoken knowledge of central bankers. These words explain the current extreme desperation of the Fed and other central bankers.
Frank Smith Jan 12, 2002....gold-eagle.com
...what irrational debt expansion giveth; the market ultimately taketh ~
When, not if... tic toc`
GOLD... it's time has come !
How much ya' got ?
ciao`
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