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Gold/Mining/Energy : Ramblings - Bobby thought it was time to start it up again

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To: Dundee Maples who wrote (17)8/10/1996 4:14:00 PM
From: Bobby Yellin   of 24
 
I think everything you said was right on...and terrifying...even the
rise of terrorism which might prove more costly than a little war here
and a little war there..(I hate war by the way...I just sometimes have
a weird sense of humor-one death is too many deaths)...Indonesia is
massive and it sounds like problems are beginning to brew there...
India ...now with our war on welfare and corporations war on workers..
I can't remember a time in history when there has been so many internal conflicts in so many areas of the world...it seems like the world is currently held together
with bubblegum?
I went to a series of lectures about three or four years ago and heard
Abby JOseph Cohen,Richard Farrell,and Bernadette Murphy. At least
one of them said the market should run until 1997.
Farrell said it isn't over until bullishness prevails...I remember him
saying that oil drilling and environmental stocks would probably lead
the next bull...since new leadership replaces old leadership and at
that time the oil drillers were "dead in the water" (couldn't resist)..
It is interesting that nobody except Abby Joseph Cohen mentioned
fundamentals...I think she stressed demographics and baby boomers
putting away retirement money to help fuel the market...
I think when you manipulate the market forces weird things happen but
short time central banks and governments can manipulate.
Everybody appears to be relaxed about Mexico now...I thought they
paid one debt with another debt...

Then I heard John Murphy on CNBC say the otherday that the commodities
have retraced by 50 per cent their advance and may start moving again..I heard Hulbert who tracks the newsletters talk about the bullish sentiment among newsletter writers who haven't been bullish
on gold...corcoran sees a big move when the institutions start reallocating their assets and head towards hard assets...
I think if somebody knows when the biggies like ABX has stopped forward selling their gold reserves...certain forces will disappear
that have kept the price of gold down...who knows
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