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

To: s.jennings who wrote (1510)	10/18/2000 12:10:10 AM
From: ahhaha	Read Replies (6) \| Respond to of 4409

To me the only reason for an investment in BAY at this time and price would be based solely on the potential for a takeover or a significant rise in the POS No company will buy BAY without a significant rise in the POS, so the "or" above is the incorrect logical operator. The reason why no one would buy is the same reason institutions are pulling bids from underneath the stock market. The world is deflating all pumped up assets and gold and silver are similarly bloated, as hard to believe as that may seem. These metals don't create future value and so they are worth even less than they are marked. They have been marked based on normalcy. We are leaving that regime, but we aren't going anywhere near to what the 'Bugs can imagine. The hard fact is that material goods in the world can be created for practically nothing due to technology. How does anyone make any money? In that kind of environment please tell me how valuable PMs are. The evidence for this undeniable reality is what the dollar is doing. For a myriad of reasons the world's capital is flowing into the dollar in ever greater intensity. One could say that the product of real interest rates and marginal efficiency of capital in the US is greater than in any other country by a factor order as the reason for this tidal wave. Thus foreign economies must raise interest rates and lower taxes or the US must do the opposite to reverse this special kind of deflation (the deflation of socialism). The US is highly unlikely to do that because the FED agrees with Hans Teitmeyer when it comes to relative monetary policy and Americans want lower taxes. Let's say the POS is independent of any such considerations. Let's just consider its price. Its price has broken through the major uptrend defined through the '97 and '98 bottoms. It hasn't plunged through but has very gradually deteriorated. The gradual is a killer because it expresses long term structural weakness. When you take the daily chart and turn it upside down, you have a remarkably bullish pattern developing. The price shouldn't have broken down today like it did. It's threatening to make a major downside move at least to the '97 bottom around $4.10. There's no reason why it couldn't go to $2.50. Don't believe amateurs and their third grade incompetent arguments about supply and demand who claim it couldn't. You may think that no one believes silver will rise, but who thinks it will drop down there? Absolutely no one. Please tell me how many shares of BAY you will buy if you thought that? Tell me which silver company will buy BAY in this quiet erosion? It will be Gates and Buffet who send the price down to $4.10 as they scramble to save their two cents. Aren't you glad you don't believe it?