Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (27715)	1/24/2003 4:36:52 PM
From: Maurice Winn	Read Replies (2) of 74559

Okay, we now have parity again after gold losing parity for some time. Being the beginning of the Year of the Sheep, it's a good time to restart the race. Both gold and 10 x QCOM at $370 Hmmm, if I'd swung into gold at Johnson Matthey down in Grafton Road a year or so ago, when gold was $323 and the Kiwi$ was US46c or so, I'd now be about 20% better off [even after entropy losses to brokers etc]. So, I have to say that joining the Aztecs would have been a good move [at least until now]. Demand for gold is down [for jewelery] which is not surprising with the devastation of the wealth effect over the past three years. But demand has zoomed for using gold in mystical ceremonies. Who will be last one in? Who will be last one out? It seems you are right and the dot.com mania has transferred to gold and platinum. Well done. Perhaps I will watch in amazement, as I did with the dot.com craze, as people followed their Mindless Zombie instructions from Uncle Al to bid prices to da moon. There's one born every minute. I guess you might as well fleece them [if you can get your timing right]. That's what sheep are for. Heck, I might even fleece them myself [there's bound to be a futures contract I can buy somewhere, when gold is $2000 an ounce and the mania is confirmed]. Mqurice

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