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Gold/Mining/Energy : Corner Bay Silver (BAY.T) -- Ignore unavailable to you. Want to Upgrade?

To: Bruce Robbins who wrote (1230)	8/19/2000 9:20:04 AM
From: TheBusDriver	Respond to of 4409

<<I am hoping it will be oil that kick-starts the realization>> I have a slightly different view on how oil COULD actually help gold/silver. If oil does, as I expect, stay in the mid to high $30's or even low $40's inflation will become a major problem in the US. I expect oil will bring the US dollar down and that will get gold moving as it makes gold cheaper (as I understand it) because gold is valued in US $. This will kick start gold, MAYBE bring in new investors, and we COULD be off to the races. Silver should follow but I worry about silver far more than gold. Silver, hummm...sure seems like there is plenty of it. It is more an industrial metal than anything else and does get consumed. Where is all the silver coming from? that is what I would like to know. A lot of the data I see says were are consuming more than we produce and have for some time, so why the drop in price? Are CB's lending silver the same as gold? Could be. In any case BAY will be suscessful even with cheaper silver and I don't see the price of silver stopping BAY. This is the beauty of BAY, it is a jr stock that will appreciate based on the increase in value it has in silver in the ground. At least that is how it used to be. <<yes as Wayne pointed out "things are different now"..... Unfortunately, we still think of "value" when we invest and our perception is out of whack with the current beliefs>> Today things ARE different. Just look at the price of BAY. Even 6 months ago, or maybe 1 year ago, with the progress BAY has made we would have a $5 price. So why isn't it $5? Maybe us gold bugs are living in the past? Obviously, "the market" is not impressed with BAY....not from a fundamental point of view but from a PRICE point of view. Most investors are no longer willing to hold a jr. stock for 1+ years waiting for appreciating. There is nothing different fundamentally with BAY today than there was when it moved from .30 to 1.70 in the space of a couple of months. Well, mabye there is really, if anything BAY is MUCH more solid today than it was then. you know what I think? I think that all the traders who bought BAY thinking about the buyout that never came are now gone. That leaves only us old fuddy duddies who are holding BAY because it is sitting on one of the best silver mines to come along in a very long time. The lack of share appreciation value after the last news was very frustrating to an old style investor like myself. What will it take to move BAY? IMHO, it will be a fundamental shift in the investing public who think 30% a day is normal. When will that happen? God knows, but not until the world wakes up to the fact the all is not well in US equities and the US $(remember pyramid schemes?) I will hold BAY but not forever, did that once and lost my shirt. I am lucky in that I am in BAY VERY cheap. I can hold at 100% profit for a long time. BUT BAY is a HUGE part of my PF. I am NOT willing to hold BAY and watch it drop in value 5 cents every day or so. At some point I will have to join the crowd and lighten my load or the last year will have been wasted. My hope and wish is that "something" happens to change the markets before I reach that threshold. I get the sense that something is building, gaining strength, going to explode and take everyone by surprise. But I have felt that way for a very long time. Too early? You bet! I just keep telling my self not to sell at the bottom when the urge is the strongest, stay the course, but then PM's just keep their overall down trend. Sure there are spikes but overall the trend is down. I PRAY FOR THE DAWN WHEN I WILL BE RICHLY REWARDED FOR MY WISDOM AND INSIGHT! (LOL!!) Sorry for the long post...it is the weekend and I had nothing to do. Best Wayne

To: Bruce Robbins who wrote (1230)	8/19/2000 9:23:16 AM
From: TheBusDriver	Respond to of 4409

<<I am hoping it will be oil that kick-starts the realization>> I have a slightly different view on how oil COULD actually help gold/silver. If oil does, as I expect, stay in the mid to high $30's or even low $40's inflation will become a major problem in the US. I expect oil will bring the US dollar down and that will get gold moving as it makes gold cheaper (as I understand it) because gold is valued in US $. This will kick start gold, MAYBE bring in new investors, and we COULD be off to the races. Silver should follow but I worry about silver far more than gold. Silver, hummm...sure seems like there is plenty of it. It is more an industrial metal than anything else and does get consumed. Where is all the silver coming from? that is what I would like to know. A lot of the data I see says we are consuming more than we produce and have for some time, so why the drop in price? Are CB's lending silver the same as gold? Could be. In any case BAY will be suscessful even with cheaper silver and I don't see the price of silver stopping BAY. This is the beauty of BAY, it is a jr stock that will appreciate based on the increase in value it has in silver in the ground. At least that is how it used to be. <<yes as Wayne pointed out "things are different now"..... Unfortunately, we still think of "value" when we invest and our perception is out of whack with the current beliefs>> Today things ARE different. Just look at the price of BAY. Even 6 months ago, or maybe 1 year ago, with the progress BAY has made we would have a $5 price. So why isn't it $5? Maybe us gold bugs are living in the past? Obviously, "the market" is not impressed with BAY....not from a fundamental point of view but from a PRICE point of view. Most investors are no longer willing to hold a jr. stock for 1+ years waiting for appreciation. There is nothing different fundamentally with BAY today than there was when it moved from .30 to 1.70 in the space of a couple of months. Well, mabye there is really, if anything BAY is MUCH more solid today than it was then. you know what I think? I think that all the traders who bought BAY thinking about the buyout that never came are now gone. That leaves only us old fuddy duddies who are holding BAY because it is sitting on one of the best silver mines to come along in a very long time. The lack of share appreciation value after the last news was very frustrating to an old style investor like myself. What will it take to move BAY? IMHO, it will be a fundamental shift in the investing public who think 30% a day is normal. When will that happen? God knows, but not until the world wakes up to the fact the all is not well in US equities and the US $(remember pyramid schemes?) I will hold BAY but not forever, did that once and lost my shirt. I am lucky in that I am in BAY VERY cheap. I can hold at 100% profit for a long time. BUT BAY is a HUGE part of my PF. I am NOT willing to hold BAY and watch it drop in value 5 cents every day or so. At some point I will have to join the crowd and lighten my load or the last year will have been wasted. My hope and wish is that "something" happens to change the markets before I reach that threshold. I get the sense that something is building, gaining strength, going to explode and take everyone by surprise. But I have felt that way for a very long time. Too early? You bet! I just keep telling my self not to sell at the bottom when the urge is the strongest, stay the course, but then PM's just keep their overall down trend. Sure there are spikes but overall the trend is down. I PRAY FOR THE DAWN WHEN I WILL BE RICHLY REWARDED FOR MY WISDOM AND INSIGHT! (LOL!!) Sorry for the long post...it is the weekend and I had nothing to do. Best Wayne

To: Bruce Robbins who wrote (1230)	8/19/2000 9:31:08 AM
From: TheBusDriver	Read Replies (2) \| Respond to of 4409

<<I am hoping it will be oil that kick-starts the realization>> I have a slightly different view on how oil COULD actually help gold/silver. If oil does, as I expect, stay in the mid to high $30's or even low $40's inflation will become a major problem in the US. I expect oil will bring the US dollar down and that will get gold moving as it makes gold cheaper (as I understand it) because gold is valued in US $. This will kick start gold, MAYBE bring in new investors, and we COULD be off to the races. Silver should follow but I worry about silver far more than gold. Silver, hummm...sure seems like there is plenty of it. It is more an industrial metal than anything else and does get consumed. Where is all the silver coming from? that is what I would like to know. A lot of the data I see says we are consuming more than we produce and have for some time, so why the drop in price? Are CB's lending silver the same as gold? Could be. In any case BAY will be suscessful even with cheaper silver and I don't see the price of silver stopping BAY. This is the beauty of BAY, it is a jr stock that will appreciate based on the increase in value it has in silver in the ground. At least that is how it used to be. <<yes as Wayne pointed out "things are different now"..... Unfortunately, we still think of "value" when we invest and our perception is out of whack with the current beliefs>> Today things ARE different. Just look at the price of BAY. Even 6 months ago, or maybe 1 year ago, with the progress BAY has made we would have a $5 price. So why isn't it $5? Maybe us gold bugs are living in the past? Obviously, "the market" is not impressed with BAY....not from a fundamental point of view but from a PRICE point of view. Most investors are no longer willing to hold a jr. stock for 1+ years waiting for appreciation. There is nothing different fundamentally with BAY today than there was when it moved from .30 to 1.70 in the space of a couple of months. Well, mabye there is really, if anything BAY is MUCH more solid today than it was then. you know what I think? I think that all the traders who bought BAY thinking about the buyout that never came are now gone. That leaves only us old fuddy duddies who are holding BAY because it is sitting on one of the best silver mines to come along in a very long time. We have a tight grip on our shares and don't intend to sell until "everyone else" wakes up. The lack of share appreciation value after the last news was very frustrating to an old style investor like myself. What will it take to move BAY? IMHO, it will be a fundamental shift in the investing public who think 30% a day is normal. (I have watched traders make 30%, 50% and more on stocks like HCI, BTI,& WIM in the last few days....maybe I AM missing something?). When will investors wake up? God knows, but not until the world wakes up to the fact the all is not well in US equities and the US $(remember pyramid schemes?) I will hold BAY but not forever, did that once and lost my shirt. I am lucky in that I am in BAY VERY cheap. I can hold at 100% profit for a long time. BUT BAY is a HUGE part of my PF. I am NOT willing to hold BAY and watch it drop in value 5 cents every day or so (and my PF along with it). At some point I will have to join the crowd and lighten my load or the last year will have been wasted. My hope and wish is that "something" happens to change the markets before I reach that threshold. I get the sense that something is building, gaining strength, going to explode and take everyone by surprise. But I have felt that way for a very long time. Too early? You bet! I just keep telling my self not to sell at the bottom when the urge is the strongest, stay the course, but then PM's just keep their overall down trend. Sure there are spikes but overall the trend is down. I PRAY FOR THE DAWN WHEN I WILL BE RICHLY REWARDED FOR MY WISDOM AND INSIGHT! (LOL!!) Sorry for the long post...it is the weekend and I had nothing to do. Best Wayne

To: Bruce Robbins who wrote (1230)	8/19/2000 10:04:00 AM
From: TheBusDriver	Read Replies (2) \| Respond to of 4409

MY GOD!! I just noticed that each time I edited my post to you SI made a new message! Message 1233 is the full version, disregard the rest....how embarrassing! Anyway the reason for my return to SI just now was I was at the privateer site and saw this quote that fit in with what I was posting...."But big events almost always happen when no one expects them to happen." Full text is at: the-privateer.com Sorry again (to everyone) for the duplicate posts! I hope you guys don't bother to read all three! Wayne