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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?


To: Joan Osland Graffius who wrote (24202)4/8/2000 8:53:00 AM
From: SBerglowe  Respond to of 42523
 
Another sign of complacency?

The clown thread has gone from number 21 to number 29 on the SI 'Hot' list.



To: Joan Osland Graffius who wrote (24202)4/8/2000 9:26:00 AM
From: Giordano Bruno  Read Replies (1) | Respond to of 42523
 
Joan, odd that Smith would compare 98's deflationary environment with current inflationary concerns.

If gold begins to plunge around the same time
as the stock market, will there really be a pick-up in demand
for gold? Or will margin calls cause investors to liquidate
gold stocks as well as tech stocks? In the panic selling
of August 1998, gold, gold stocks, and the S&P all went
down together.



To: Joan Osland Graffius who wrote (24202)4/8/2000 10:40:00 AM
From: Tom M  Read Replies (2) | Respond to of 42523
 
Joan, don't you think we have to be getting awful close to the time Mr. Market starts pricing in the end of the term of it's biggest fan and slush fund manager Mr. Clinton? Although I'm sure the "polls" wouldn't show it, I think there's less brain dead people out there than a look at the indexes would have one think. The true commitment of the "new economy" BS'ers was awful apparent in Tuesday's action. They'll never, never, never sell their new economy stocks that are based upon true productivity gains, no inflation, and a Clinton/Gore in the white house - yeah right ;-)

And gold and silver are priced below what it costs many producers to take it out of the ground. That's sure justification that the true equilibrium price must be much, much lower;-) Many of the juniors are cash only stocks and can no longer be threatened down with margin call scares. Not much time left in this administration to take gold down to $195 & certainly less time to keep it there if it happens IMO. What's your take on the article you posted?

[edit: I got disconnected before posting this & just read your comments on the article. Man did that inspire the same analysis or what. Wonder how many others will think this way over the weekend. regards.]

thanks in advance,
Tom



To: Joan Osland Graffius who wrote (24202)4/10/2000 9:13:00 AM
From: pater tenebrarum  Read Replies (3) | Respond to of 42523
 
interesting....i still think any dip below 60 on the XAU is a buying opp.
if the PoG were to fall to the 200 area, mine closures would immediately remove about 700 tons of supply btw.

and, re. gold's value as a hedge: on Tuesday it rallied big on the decline in stocks. to compare '98 or '87 to the current situation doesn't make much sense imo. NOW gold stocks are near record lows, that's the main difference.

oil is a great buy long term....i'm not so sure about the near to medium term.