Hi Joel, Following up to this post Message 17509293 that led to this post Message 17510605 <<May 25th, 2002 ...
(a) Gold becomes generally acceptable, patriotic, and polite company topic>>
... triggered by this article financialsense.com
... A reminder, most of the gains will be at the tail end of the mania, and we are still in the way-early days of this sequence of happenings :0)
<<Gold, while a contra-asset, behaves as all assets do, becomes more attractive and desired as its price rises. It is therefore hard to determine its true worth.
(a) Gold becomes generally acceptable, patriotic, and polite company topic
(b) Funds buy some
(c) Individuals buy some
(d) Some derivative or exogenous event trigger more buys
(e) Someone notices a shortage
(f) Interventions fail
(g) More and bigger M&A deals by high PE un-hedged mining companies with low PE hedged mining enterprises
(h) Gold mine IPOs
(i) VC funded explorations
(j) University enrollment in mineral geology rises sharply
(k) J6P seriously participates, followed by second wave of H4P, S2B, W3C in echo frenzy
(l) Gold stocks splits repeatedly
(m) Structured products for retail investors
(n) Copycat frenzy in other resource shares (hint: palladium, platinum, and rhodium will be on the list)
(o) Jewelry brought out by owners for recycling
(p) Central bankers start buying
(q) Congressional investigation of FED/Treasury gold accounting
(r) Swiss cantons vote for accumulation
(s) GE and AIG hits CNBC talking about how much imputed gains they managed on explorations below the Thames River
(t) London riverside apartments rise in price
(u) Boston municipality authorizes exploration of Charles River to balance budget
(v) Bre-x II, the sequel
(w) Discovery of a new object of frenzy replacing gold, first talked about on CFZ, then picked up by BBR thread
Notice we did not have to invoke Chinese-math (if everyone buys a toothbrush ...) to back the bull as yet.>>
Chugs, Jay |
