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Strategies & Market Trends : Three Amigos Stock Thread

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To: Ken W who wrote (28896)8/1/2002 5:36:31 AM
From: Ditchdigger  Read Replies (2) of 29382
 
Ken, are you still short gold stocks? Looks like the yellow stuff is losing it's luster..and the US$ is making a comeback..saw a post on one of the message boards that bgo was once again going to issue a ton of shares in exchange for debt..these guys live on share issuance<g>..do they produce gold or stock certificates? <VBG>..;^)DD
PS: won't be long and gold will go below 300(seems to be disconnected from reality), have to look where next support is, although today could end up with gold higher..but it won't hold IMO, the powers to be want it lower and the USD higher..especially when they continue to dump massive amounts of bonds into the markets..the US debt is going to haunt us for years to come, add to that George junior's desire to finish the job in Iraq that his Pop didn't do. Massive Gov. spending, and tax cuts don't add up to paint a pretty picture..in fact, I haven't quite figured out how they add up at all! Must be one of those, steal from the poor to pay the rich thingys..
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