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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Zardoz who wrote (45254)	11/23/1999 10:35:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 116766

buy signal reconfirmed. thanks. (G) Message 11999072 ROFLMAO!

To: Zardoz who wrote (45254)	11/24/1999 12:40:00 AM
From: PAUL ROBERTSON	Respond to of 116766

Hutch, now let me teach you something should you care to expand your larger, mightier than thou brain, suck up the tech street mentality. CDN dollar and gold are bumping up against major resistance, technically. Once solidly through the 68 and 300 levels respectively, the real competition for funds will have begun. Golds blowout beyond the low $270 level indicates a change in trend has begun. This is now major support. Governments globally are being nullified by means of private enterprised technology. Europe, Asia, Canada etc...are slowly being freed of multi year shackles, that is in the form of tax relief. People think it is so much more than this but it is not. This is where the true global growth will come from. Really, does the average US citizen need another car,van,phone,CD,DVD or dilutive consumer product?No. They will be fighting to preserve, which i will touch on later. Production will continue to move to the lowest cost producer all of which are now lower cost than the USA after tax relief with the exception of continental Europe which is smarter due to history. Hense the massive current account deficit. The Canadian dollar will move higher when taxes are lowered. If the CDN government were bright they would announce a gold buyback and lower taxes at the same moment, as Europe and Asia have begun to do. There is a massive movement away from the worlds current reserve currency system to that of the historical kind, 5000+ years. Reason, plain and simple, trust. The dilutive effects of multi year trying to preserve the status quo by reserve banks and their governments are literally tearing it down. i believe the 2nd BoE auction was the final capitulation and beginning of this massive shift away from the current reserve system. Is it not historically fitting that this capitulation occur as England is in the process of joining the new as it perpetuates the recent 28 yr past? kind of like trying to be on both sides of a trade as are many of the mining companies. Never known anyone to stick around too long using this approach. England, as is Canada, is being driven by the new marketplace which overwhelms the old way {last 28 years} of going about it. It is funny how the decision to sell the english peoples gold was thought to be of the new way of doing things while in fact it was of the exact opposite as the new reserve system will involve a larger core holding of the yellow. Britain should have realized her limited ability to lower the pound moving into the EU as the marketplace sees her for what she will become and not for what she is. The economic competition between the three blocks, asia, europe and the americas will strengthen gold as a reserve asset furthering the caretaking role of governments. This time, i believe, europe and asia will come out on top as they build much better bases than north americans. Bases will be most important. The USA skimps too much always trying to save a buck, comprimising integrity and quality. eg. ask any engineer or technician, who makes a better plane, car, or computor these days? Take a look at the recall notices or the ability to interchange parts. The US has carried out the same game with its economic relationships. It is surrounded by incompetants rather than strong economic parteners. The north and south american economic bases are terribly faulty. Thanks Hutch for your useless insightfulness as always. It is real easy to follow the thinking of some other person or computor model. Suggest you read a little further than the manual to your software. Who needs to know more than what a basket full of primarily unhedged precious metal stocks might do in the face of rising precious metal prices? Can you tell me which one is going to perform the best and worst from reading their outdated reports. Thanks, but I will leave that to the technical side of the equation. Funny thing about this much talked about budget surplus in the states, the national debt continues to rise. Must be a small interest miscalculation or something like that in there somewhere. Also funny how we are in the timeframe for a rising debt market into Dec and it cannot even hold a two-three point rally. Technicals tell me the utes are going to the basement. Won't be too constructive for the bonds. Happy hunting Hutch. paul

To: Zardoz who wrote (45254)	11/24/1999 7:02:00 AM
From: long-gone	Read Replies (2) \| Respond to of 116766

<<Excuse me. But with your limit TA abilities, and this threads oxymoronic attitude towards understanding. Why would any gold neophyte believe that CDN currency is linked to their gold holdings? >> That was said a bit tongue in cheek, but if one believes in fundamentals rather than T/A they could well believe that gold backing of currency produces a stronger money. Please explain, how can T/A be used to analyze a balance sheet, this one I don't get at all. Yes, I agree, the future of US debt would be VERY poor, were the rest of the world not so screwed up also. This is why I believe gold will go up & why I believe gold is undervalued, because the value of the US debt is tied(in part) to an overvalued stock market bubble. When the bubble pops, the US $ will go down. This is the probelm the Fed. has gotten themselves into, the market is holding up the $, the high $ is holding up the economy, & any action done to slow or prick the speculative the bubble will act in inverse to prior times, and drop the value of the $. There is far more under the sun than T/A. Yes, it can get one in & out of the right things, and maybe even at a good enough time save teh skin. T/A can't show over valuation of an entire market or sector. There are no reasons other than margin, speculation, T/A, hype, & loose money which can explain the valuations of many of the internet companies, a few of the other techs, & maybe some drugs. When it ends, it will end badly,very very badly. OH yeah, (even though I don't give reccommendations) my guess of what would be best would be: hold a little gold - physical not for trading just insurance long term. buy some silver - mid to longer term profit buy SELECT low margined producers there is a day coming when some producers will shine,but I don't agree with a high level of margin at this point. No greater margin than provided in the natural margin provided by those which can extract the metals from the ground at a profit.