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

To: d:oug who wrote (62097)	12/20/2000 2:07:38 AM
From: d:oug	Read Replies (1) \| Respond to of 116873

Hurry, enter the Gata Nut News "Gold Bug Redemption Day" contest. Not if, but when... select a number between 500 and 2,500. Currently the Nasdaq is 2,511 and going down down down etc. The price of gold aSoon will be going up up up etc. When these two numbers cross, what will be the value??? Nasdaq going towards 500 price of gold going towards 2,500 my guess they will meet at 750 d:o)

To: d:oug who wrote (62097)	12/20/2000 4:52:11 AM
From: Zardoz	Read Replies (4) \| Respond to of 116873

Soon Hutch your many years of eXtra Good Returns from your professional job in the derivatives markets, moving those pieces of paper from there to where to over yonder without worry about snow, sleet or rain will disappear like old dirty snow in a warm Spring rain. Since 1998, I haven't cared to post anything of substance on the GPM or SI for that matter. The total lack of understanding of the fundamentals by so many here just over whelms. If you people would just put your limited minds to work for a few weeks and look what you've all posted in the past, you'd just might realize that you are the true speculators in the markets. Guessing as to when, why or how a stock may rise. And most based on false ideas of what you perceive to be value. Those paper instruments you work are like the fiat money and instant credit of today's empty promises and GSEs that have the legal rights granted to them by a criminal in spirit government. Veracity. In your world all currency is but a fiat-currency. And in fact your only store of value is gold. But reality dictates that even Gold is but a credit for work or products made from work. In deed the value of a currency is a credit for such work and is thus a viable form of value. And if currency is value, then what you buy with currency is also of value. So in effect, gold, stocks, and derivatives are all value. So Hutch, after your job profession is run out of town tared & feathered and you are flipping burgers at Great Bergers and folks ask what you did before being one of the luck ones getting this job in this 1929 depression era alikeness, do not tell them that you were one of those that created and sold those paper objects backed with something less than fools gold. You never have figured it out, have you? I've been in and out of markets faster then you can sneeze. I've predicted bear markets faster then Ralph Allcompora did. And even named it before him... I was right about the US dollar appreciating while the markets where tanking in 98. And I was right about Gold falling at the same time. Friday, August 7, 1998 6:35 AM ET Summary: Gold is going down relative to the USD. OR the dollar is going up. A correction will take the Dow down 25%-55% from 9350. Just a matter of time. The longer it takes the harder it'll hit. The baby bear market started 04/20/98! Message 5436035 The low occurred on 8-Oct-98, How much did you loose? Since then I've never really posted much about what is happening. Cause I no longer care about the people around here. You like many are sniveling crybabies that demonstrate on a daily basis on how NOT to buy stocks. Even in 1998 I new this correction was coming. Cause even back then I knew that Greenspan was pushing rates to low. And the after effect of that is abnormal growth. And after the growth of 98-00 comes the reactionary rising of rates. Back in 98 Greenspan reinstated the Boom-Bust cycle. And I said it then. We've had the boom, this was the bust. But it's nearly over. Next is the third phase of a longer boom cycle. This going to be the most volatile time for the economy. Had you been listening back in 98, you'd have known that the Euro would fail. And if you continued to read in 99; I said it would only succeed from failure. If nothing has taught you anything, it is that Money Supply is KING. I've told you not to buy gold stocks, yet ask yourself this: How many here have listened? Many continue to think that the XAU index and Gold are correlated. Yet I've proved a long time ago that they aren't. So why do you think they are? If I'm a derivative trader, why do you not take my word on it? Prove to yourself that there is NO correlation between gold stocks and GOLD. At best it's a causal effect... why? FEW take into account energy. Where is oil today, natural gas... machinery costs? Many don't think past there next meal and are always looking for others to blame. Hmmm This sounds like GATA. Must be a conspiracy? Gold goes down and it's CB selling to make money for the fat cats... Yeah right. Gold goes up and it's just the market returning to a correct valuation. Fun living in a myopic world aint it? I've said before that GOLD is but an over night currency offset for currency traders. Short positions are essentially meaningless when you consider the trillion dollars a day currency markets. Why do you all struggle to keep attached to a defunct currency hedge in the face of CB dis-allocations? Gold is not dead, except as an investment. Even in a total melt down of society there is always better investments then gold. Shorting stocks comes to mind. OHHH but wait just one moment. A simple margin account used for the purpose of shorting is a derivative. You life just got harder. Anything that gets it's value from some other underlying substance is a derivative. In fact one could say that Gold is but a derivative of the US dollar and monetary supplies. And this is where you stumble. To assume that Derivative traders are a "great red dragon, having seven heads and ten horns, and seven crowns upon his heads"; is just laughable. There are no demons except the ones we create in our minds. Hutch