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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (35366)6/25/2003 11:56:26 AM
From: Maurice Winn  Read Replies (2) of 74559
 
Hi Jay. Yes, the Aztec economy goes into overdrive in more quantum weirdness. Digging up rocks to bury them again. Sort of like Easter Islanders with their big stone heads, which don't really do anything useful, but do keep people busy.

Why gold can't go to $2000 an ounce = the whole world will start digging for gold, filtering it out of the ocean and stripping a proton off mercury.

Russia is already excited enough: <MOSCOW, June 23 (Xinhua) -- Russia produced 39.52 tons of gold in the first five months of this year, 2.8 percent or 1.08 tons more than in the same period of 2002, the Union of Gold Producers (UGP) reported on Monday.

The UGP attributed the growth mainly to the increase of mine output and the secondary production during the January-May period.

Russia produced 170.9 tons of gold in 2002, up 10.6 percent from the previous year. It expects an increase of 10 to 15 tons in output this year.
>

Actually, those numbers are wrong - 170 tons in 2002, but only 38 tons in the first five months of 2002, meaning 130 tons in the last 7 months? I doubt that.

cnniw.yellowbrix.com;

Meanwhile,

G 347 Q 357

With the Sudden Poverty Syndrome experienced by so many people, after the Sudden Wealth Syndrome, [which was less arduous], luxury gold buyers must be in retreat, leaving the field for speculative zero sum, greater fool theory, one born every minute, "I'll get out at the peak" competitors.

Meanwhile the producers are digging flat out, making hay while the sun shines and the frightened Aztecs clamour for a talisman to hold up against the scary bogey man. Which of course won't be any more effectual than the Easter Islanders' stone heads.

Mqurice

PS: It certainly does get interesting at the speed of light around the edge of the event horizon.
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