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To: Telemarker who wrote (81101)12/8/2000 4:48:34 PM
From: jmj  Respond to of 95453
 
I think the Fla Legislature going to be player now.

Could almost believe that 4 justices had shorted the market, if they had announced earlier in the day......
guess that conspiracy theory won't fly

JMJ



To: Telemarker who wrote (81101)12/8/2000 5:12:23 PM
From: Roebear  Read Replies (3) | Respond to of 95453
 
Telemarker,
IF this plays into January and the dollar, which was undergoing a TA crisis anyway, is going to have tough sledding. 105 is now my minimum target, though it won't get there overnight.

The gov't has to know this and may try and defend it, this, plus the "little village in Argentina effect", may indicate some countertrend rally possible, but if this hot potato election gets shunted around between FLSC, the USSC,
the FL legislature and Congress for a few weeks, the dollar will suffer.

While precious metal equities should benefit, it may be more germane for this thread to consider those energy companies that may benefit from a weaker dollar.

Canadian companies that do some business in the US and internationally, such as TESOF, may benefit. The tubulars could also do better with a weakened dollar and reduced foreign price competition. I sure hope so as I dipped into the till today and bought some NSS, and these two constitute my energy holdings currently.

My thoughts today, previous to the various court bombshells, were to do one of three things. (1)Dump everything and go 100% cash, (2)increase gold/silver stocks on weakness or (3)buy some tubulars on weakness.

I went with number three, in retrospect, I wish I would have went with number two or even number one, though number three has some merit as I menitoned above. I don't think the markets will like this on Monday as we head toward extreme uncertainty. Thankfully, I resisted further temptations and remain near 50% cash.

This election business is wearing on me, it's getting to be like the Election That Stole Christmas.

Best Regards,

Roebear



To: Telemarker who wrote (81101)12/8/2000 5:24:20 PM
From: isopatch  Respond to of 95453
 
If this were to continue into January?

IMO it would Crush the $. And it would take the bond and stock markets down with it. Gold would likely blast off in a big way. In fact I'll wager my golds will do well next week.

Will defer to Kodiak and Doug on this. But my guess is -that via a Bush appeal - the US Supremes will step into the ring fairly soon and give this rogue court a real body slam.

Apparently the attempted subtle persuasion by the US Supremes went right past these liberal activist ideologues.

However, the old 2x4 will get the job done! lol

Isopatch



To: Telemarker who wrote (81101)12/8/2000 5:32:19 PM
From: patron_anejo_por_favor  Respond to of 95453
 
<<IMO, this one's going to play into January. Any opinions on the effect upon the Greenback?>>

DOWN! If it falls far enough, forget about the Fed moving to a neutral bias...