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 (28389)	2/4/2003 2:36:47 PM
From: Maurice Winn	Read Replies (3) of 74559

Gold $380 vs 10 x QCOM only $367. Jay, gold has regained a lead over QCOM. I hope you haven't put a Chinese curse on QCOM. The Aztecs are obviously swarming in nervous clusters around their magical totems, telling each other it's safe here because, "See how the price rises - hold tight friends and all will be well". Who will be the poor sap who pays the top price? Who will be last in to clutch at the ever-safe allure of gold immediately before the inevitable descent back to reality. How high will they bid? $1000 would be a mania of irrational exuberance and infectious greed, which people have been warned about as recently as the Y2K bubble, with gory, vivid, financial and corporate destruction, seas of red and back to work blues. That would be 4 x the cost of production of the new mines. Not a bad pay rate and incentive to dig $500 an ounce gold. I have staked a claim on Easter Island and the surrounding oceans for the purposes of creating a Golden Heads culture, to replace the missing and defunct Easter Islanders. Who were obviously washed away by a tsunami caused by a splashdown comet somewhere in the Pacific. Mqurice

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