Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Benkea who wrote (21651)	7/31/1999 12:39:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 99985

Hi Benkea; I started to join you and move some assets to gold, but then saw the New World Order intends to dump gold on the market on top of that some of the larger miners have already sold forward 3 yrs and the forward sales have to be meet at X $ hence placing a strong resistance on the future price. Those forward sales are $ denominate so as the dollar goes down the buyers pay for it with cheaper dollars. -------------------- As for the 29 crash or any other the "primary" underpinnings are not tied to excessive prices , or poor earnings or the 1001 things people elaborate on, the "primary" cause is is "excessive debt." by both Governments and the Privet sector. Debt outruns growth and can't be serviced. then leveraged positions which are all tied together start breaking down & as one defaults it causes others to default. -------------------- I liked Ecclesiastes "I RETURNED, AND SAW UNDER THE SUN, THAT THE RACE IS NOT TO THE SWIFT, NOR THE BATTLE TO THE STRONG, NEITHER YET BREAD TO THE WISE, NOR YET RICHES TO MEN OF UNDERSTANDING, NOR YET FAVOR TO MEN OF SKILL; BUT TIME CHANCE HAPPENETH TO THEM ALL -------------------- There always has been more truth in that than success wants to admit and so pride always precedes the fall, & all glory is fleeting & no man is ever any more secure than his closest friend. ------------------- Another favorite of mine is. There is no real wealth but the labor of man. Were the mountains of gold and the valleys of silver, the world would not be one grain of corn the richer; nor one comfort would be added to the human race. :Percy Bysshe Shelly (1792 - 1822) Jim PS One secret to a better way of life is to always "tip" tight wads may wind up with money , but it doesn't do them much good if the Titanic sinks. ---------- My primary concern with the Hawks and the CreemSpam philosophy is they are always so concerned about Growth..and tend to have a shallow mind set taht creates a self fulfilling prophesy. Instead of limiting leveraged positions they encourage them and then raise interest rates after the fact to slow growth hence making the debt even harder to service. Small Incremental ( & pre warned ) increased requirements for margin would be much more effective in creating a soft landing than irresponsible and sneaky surprise attacks made by sudden changes in interest rates. -------------- Those people who understand Responsibility know that it goes hand in hand with Accountability, and acts with out accountability are not responsible acts , also "surprises" of a negative type have a criminal nature built in. That we canonize such crap and back slap the Fed for a job well done only shows me how naive the American people are. --------------- As for gold coming back and making a few people rich , well it may, the thing is when and if it does the quality of life and the world we have to live in becomes more maligned. Jim