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.

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

To: Helios who wrote (51126)	4/4/2000 9:45:00 PM
From: LLCF	Read Replies (1) \| Respond to of 116759

<. But with the vast majority of transactions taking place over networks the money thing isn't really needed is it? > You've missed the whole point... you don't have to take gold nuggets to the WalMart for it to remain a 'currency'... and likewise if no one uses our paper currency ['the U.S. dollar'] anymore because everything is electronic, our transactions will still be denominated in 'dollars' even if their 'e-dollars'... get it? DAK

To: Helios who wrote (51126)	4/4/2000 11:59:00 PM
From: Rarebird	Respond to of 116759

Hi Helios. Of course, I don't mind. Insofar as your talking about E Transactions, such as, E Checking, E Gold, E Commerce; etc, their still a derivative based on the value of the underlying currency. That is to say, the derivative will always be the derivative of the original function. It is impossible IMO to subsume the original function or currency in the derivative. As for people getting paid in stock options, that's great in a Bull Market. But those options won't be worth very much in a Bear Market, as I'm sure your well aware. Talking about bear markets, the A/D line has been in a vicious one since April 98, making it a paradise for short sellers, like myself, as long as I basically stayed away from shorting the high techs and the indices. Today was a very nice bull saving comeback by the Nasdaq. I'm prepared to give the Bull every benefit of the doubt here until the NDX closes below 3700. Then I say the Bulls are in big trouble as a Bear Market is confirmed and the real selling begins. I still follow Cube very closely and have been short from $75.75 for a couple of months. I even got a margin call when Cube ran over $100. But in contrast to many of the longs on margin, I had the cash to maintain the short. Payback today was sweet and has kept my Cube short selling record intact. ( Fred from the Cube thread was aware of my short). The LEI ( Leading Economic Indicators) today was sort of revealing. It came in -.3, and all these interest rate increases haven't even had their affect on the economy yet. Gold becomes attractive when Growth turns negative. The Inflation Rate, as long as it stays above the Growth rate, is mere icing on the cake. I've enjoyed the Bubble too, as I've sprinkled my portfolio with a few of the semis and wireless stocks over the past year. PS I don't think my grocer is that enlightened yet.