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

To: Haim R. Branisteanu who wrote (42671)	3/9/2000 9:48:00 PM
From: Roebear	Respond to of 99985

Haim, This fellow is a metals trader and so has some bias, but he is also very good with his calls: Date: Mon Mar 06 2000 09:15 D.A. (DING.DONG.DING.DONG) ID#7579: Copyright ¸ 1999 D.A./Kitco Inc. All rights reserved Gollum: In the short 20 odd years I have been messing around in markets, I have never come across a prognosticator more consistently wrong than Alan Sinai. He has been so bad, he is the most perfect reverse indicator. To read his complete bull&^%& on the astuteness of Wall Street to sniff out the New Economy stocks, and to simultaneously declare that the 'Old Economy' is irrelavant, is the absolute death knell of this boom. As Goldbrick just stated, the whole idea of Internet commerce is to lower transaction costs so the products and services of the old economy can be delivered more efficiently. To believe that this is going to make food, clothing, cars, energy, houses and schools obsolete is the height of idiocy. That so many can look at what is going on and not get it is astounding. People are still here arguing that deflation is at hand while the price of oil has tripled, nickel has also tripled, palladium has gone up by a factor of six, rhodium up by a factor of ten, real estate prices in the US are up easily 25-30 in the last five years, and all of this shows no sign of abating. All of the prices are measured in dollar terms, which is by far the worlds strongest currency. In Euro terms, an economy which is about the same size as the US, the prices are all up by another 20% due to the currency depreciation. In the currencies of the Southeast Asian economies, South Africa, Mexico, and much of South America, the numbers are even higher. In the basket case countries like Russia and Indonesia the numbers are stupid. Oh well, I guess there have to be lots of people around to sell the inflation hedges to once TSHTF. WAKE UP SPORTS FANS!!!! We are in a global currency debasement process, which knows no bounds. *************** I thought you might like this, VBG Best Regards, Roebear