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To: GST who wrote (71700)8/4/1999 1:01:00 AM
From: Bill Harmond  Read Replies (2) | Respond to of 164684
 
GST, you didn't know me here from before 1999. I was a slash-and-burn trader. I'd go 100% cash at least twice a year. I would hgng on to every tick of the bond market and every word from Canelo's papers.

Debating the merits is another lifetime.



To: GST who wrote (71700)8/4/1999 1:22:00 AM
From: Robert Rose  Read Replies (1) | Respond to of 164684
 
<some even buy gold -- imagine that <g> >

The instant gold touches $300, thousands of shut mines will spring to life - in SA, US, Australia, worldwide! This very moment, gold producers are quietly hiring workers, training them, buying machinery, readying mines, waiting for that instant when, Hallaluyah!! they're back in business! And then, slowly but inexorably, the price of gold droops, slowly at first, as highly leveraged producers can't sell the stuff fast enough. And then faster and faster! Sell, sell, sell! Anything to stay in business, anything to meet that next payroll, anything to pay off that last loan!!

But the real losers? The longs! Or worse, those holding calls! Or worse, those selling naked puts! All on margin, every last one of them! Desperate, desperate, they sell! buy! cover!! But it's too late.... They lose everything.... House. Home. Wife. Kids. Their lives are in shambles, their nads crushed!

The Lord has sent me here, as a beacon on a hill... a canary in a gold mine... here to speak the truth to anyone brave enough to listen!