SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Welcome to Slider's Dugout
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: SliderOnTheBlack who wrote (4024)12/10/2006 9:00:22 AM
From: Fun-da-Mental#1  Read Replies (5) of 50292
 
Actually on second thought the last couple posts here show me the gold bug mentality is alive and well. This consists of:

- always talking up one side of the trade

- thinking they are members of a small group of individuals that has woken up to a reality not grasped by most traders

- warning that the status quo has been maintained by manipulation and is now on the point of collapse

I used to find this kind of talk intoxicating but over the years I have become more sceptical. People with these views are often ahead of the curve, but in the end they tend to be disappointed because their views are too one-sided. Classic example is those who sold the Nasdaq years too soon and then failed to buy at the bottom because they thought it was going even lower.

Some specifics:

I've heard a lot about Asian holders selling T-bills and driving the collapse of the dollar. But consider that if this starts to happen it will also drive up T-bill yields, which will put the brakes on the slide.

How can uranium and zinc go lower? Consider that a major use of zinc is galvanized sheet and rods for construction, and construction is now plunging. And this source shows uranium supply growing faster than demand in the next few years: (see second-last chart at bottom)

uic.com.au

As for myself, what I am trying to figure out now is how bad the present slowdown will be and what exactly will be the effect on the various markets (stocks, bonds, oil, gold, etc). Any views on this would be appreciated.

Fun-da-Mental
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News