Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: d:oug who wrote (62358)	1/1/2001 5:15:46 PM
From: Gary H	Read Replies (2) \| Respond to of 116764

The "Yield Curve" actually turned to inverted Jan. 26 2000 and I hear 4 to 6 quarters out is recession time (mostly 4). Question is, at what point is the inversion considered to be fully in place? It did hit a couple of flat spots in Sept.00 On the following page you can click on the S&P 500 and arrow across the the graph. Notably the curve did not invert during the dip in Sept.98. stockcharts.com

To: d:oug who wrote (62358)	1/1/2001 11:30:48 PM
From: d:oug	Read Replies (1) \| Respond to of 116764

Gata Nut News Special Meeting - Synergism meets The Duck Test Bill Murphy told his GATA troops of a similarity between a current story in the New York Times and one in the near future about the gold market. Bill remarks were as follows. [start.] Music Please Before I speak lets all song sing a song. "2001 Dollar Gold in Year 2001, so help me HAL." Now, where have you heard all this before? No No, not the music. Stop the music please, it was only a one liner song. ok, take two "How Did So Many Get It So Wrong?" For over a year the likes of Frank Veneroso and myself have expressed our opinions that Wall Street is going to be scourged by the US investing public when they realize how they have been fleeced. This first rate article is among the first of many that are sure to follow. There is no doubt in my mind that Ms. Morgenson will be writing a comparable story on gold in the future, using practically the same title for her story. It is so similar, I can see the subtitle: Wall Street bullion banks engage in long term price-fixing scheme, make billions - while gold companies, gold/goldshare investors, poor gold producing countries and mine workers are decimated. As big as the Internet fraud is, the gold scandal will be bigger. All the best, Bill Murphy Chairman of the Gold Anti-Trust Action Committee(GATA) gata.org [end.] How Did So Many Get It So Wrong? December 31, 2000 By Gretchen Morgenson nytimes.com Of all the rude awakenings... to investors, perhaps the most jarring... While the market sank to its worst performance in more than a decade, many of those analysts kept right on smiling and saying "buy." How can so many who are paid so much to scrutinize companies have blown it so spectacularly for their investor customers? The answer... the way Wall Street analysts do their work and how they are rewarded... brought riches and stardom to many ... has cost investors billions of dollars in losses. ... analysts today are more like racetrack touts than sharp-penciled researchers. ..."Instead of providing investors with the kind of analysis that would have kept them from marching over the cliff ... them forward by inventing new valuation criteria for stocks that had no basis in reality and no standards of good practice." ...the quality of Wall Street research has sunk to new lows. ...the result of shifting economics in the brokerage business that has pushed many researchers to put their firms' relationships with the companies they follow ahead of investors. ...as commissions declined, Wall Street firms looked elsewhere for ways to cover the costs of research. The lucrative area of investment banking was an obvious choice. ...negative research reports carried a cost, not a benefit. ...role of analyst as adviser to investors has been severely compromised... keeping up the prices of their stocks. "Research analysts have become either touts for their firm's corporate finance departments or the distribution system for the party line of the companies they follow,"... the customer who followed the analyst's advice is paying the price." ..."It is what it is. But you shouldn't be surprised necessarily to see `outperforms' on the companies, because we've been very vigorous on the companies we've chosen to bring public." ...another Internet-stocks analyst who remained upbeat on shares that were trading at a fraction of their former values ...he lowered the ratings to "market performer" ...including... two troubled... that was in danger of being delisted by the Nasdaq stock market. The companies were downgraded after they had dropped on average 98.2 percent... Of the nine stocks... seven had stock offerings underwritten by... ... went on to explain that the companies he followed had their stock prices drop last spring not because their operations were failing, but because market psychology had changed. He downgraded the stocks much later because only then had it become clear through his research that the companies' results were deteriorating... ...the highest-paid analyst at the firm and, perhaps on Wall Street, reportedly made $20 million last year... Investors who have followed his picks have not done... to advise caution... after the stocks in the group had already lost 77 percent of their value. ...declined to comment... he scoffed at the idea that his help peddling investment banking services to corporations put him in conflict with his firm's investor customers. "What used to be a conflict is now a synergy," ... was quoted as saying. ...trades at $1.13 a share, giving it a market value of $89 million. Some $8.81 billion in value has vanished. As those billions were vaporizing... recommended the company to investors... Fees earned by the two firms on the company's stock offerings alone totaled $3.8 million. Meanwhile, top management and directors... were selling almost a million shares, reaping $26.4 million. ...when the stock was at $2.81, Mr... cut his rating... from a "near-term buy" to "near-term neutral." Mr... did not temper his enthusiasm for the stock until Dec. 5, when its shares closed below $1 for the first time. He reduced his rating to neutral. Mr... said he remained high on... for so long because it continued to meet his near-term estimates. "To us, it wasn't so visible that there was something wrong at the company," he said. But... questioned the claims of analysts who said they did not see the freight train bearing down on them. "It's not that they're oblivious to things getting worse," he said. "But the way an analyst can get fired is to damage an existing investment banking relationship with a company or sour a future investment banking relationship. The way you do that as an analyst is coming out and telling people to sell a stock." ...explains why many analysts sound more like cheerleaders than they do researchers. As such, they helped propel stocks to prices never seen before. A new practice that has become deplorably common, ...is the use of absurd stock price targets in research reports. "These price targets fanned the fires of speculation ... did a lot of damage to a lot of people,"... Perhaps the most famous price target put on a stock was $1,000 ... it has been all downhill for the company's shares ... is no longer at the firm... He could not be located for comment. Outlandish price targets also have proved embarrassing for analysts who tend to reduce them only well after the stocks are crushed. For instance... rating it a buy ... setting a $160 price target ... then trading at $15 ... lower his price target ... stock trading at $23 ... said he expected it to reach $80 ... he reduced the target to $25 ... stock closed at $7 on Friday. ... their mistakes. "Using the fact of a price target as a substitute for analysis if you're an investor is dangerous," he said. ... the new tendency of analysts to create their own valuation methods to justify recommending stocks at any price. ... "since they can't justify buying a stock based on its earnings, they justify it with some valuation method they invented." ... who represents public customers in securities cases in New York, believes analysts will become the subject of lawsuits brought by investors who lost money on their picks. "Lawyers will be examining the conflicts of interest between these recommendations by analysts and the compensation received by their firms in investment banking and brokerage fees," ... said. "It may well turn out that the analysts pumped up this tech bubble, reaped huge fees and left the investment public holding the bag." Copyright 2000 The New York Times Company

To: d:oug who wrote (62358)	1/17/2001 12:17:54 AM
From: d:oug	Read Replies (1) \| Respond to of 116764

GoldWorldNet - golden money, Bob stuff & Ginger Cooking IT egroups.com From: Claude Cormier The place to start is at e-gold: http://www... E-gold is a 100% gold back digital currency. It has been in operation since 1996 and is now growing rapidly. There are actually a few dozens of market makers offering this currency to participant of the new gold economy. In the next week another issuer will come on the market and will have GoldMoney: http://www... We will be lauching an exchange broker service in a couple of weeks where much information will be available. Check for http://www... Soon! Claude Cormier Editor, The Ormetal Report egroups.com From: Bob Johnson goldsheetlinks.com (new url) GOLDSHEET ChartZone... (at old url) Most of my charts ( the ones I update weekly) are at other URLs Gold and XAU Gold-Silver Ratio Gold-US Dollar Ratio Platinum-Palladium Base Metals goldsheet.simplenet.com is the old URL. egroups.com From: Bob Johnson Subject: Re: Off Topic World Currency Accounts ever... Josh Wright, egroups's GoldWorldNet Moderator egroups.com off topic - is a ginger a bread man or what? Subject 50599 doug