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 : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (87715)	2/19/2001 1:57:04 PM
From: isopatch	Respond to of 95453

Thx E.P. Enjoying good exchanges here lately. Know some were unhappy with me for limiting the # of contributors I'm reading on the thread. But each of us must be the final judge of what we choose to read with the primary focus on what will help us plan our strategy and get better investment and trading results. I'm one of only a few here that invests for a living. So focusing on the contributors who I find helpful to my work is a larger consideration than for those who are here as novices or part time investors with large day job or business income. In that context, want to thank you and the other folks I'm continuing to read for thoughtful and informative posts. You've covered quite a few important considerations that I look at vis a vis gold, other precious metals, O&G and other hard assets. One other consideration when thinking about gold is how small both the physical market and the total capitalization of the gold equities are. It makes this sector much easier for anti hard asset big government interests (who find themselves allied with a fiat money agenda) to keep the price of gold artificially low. "Otherwise, gold would be around $350-$600 today." It also accounts for the repeated failures of many top TA people during the past 15+ yrs - such Martin Pring (in several Barron's pieces) and even Donny W. - with forecasts of a new gold Bull Market that just didn't happen. In fact(g), I'd aver to Alex that LOILY and even MWP are more viable candidate for TA than gold because the huge gov sponsored manipulative pools which include major W.S. Brokerage and Investment Banking firms. At some point? The anti-gold forces will fail and a big run will commence. It could start tomorrow or 6 months from now. Until then I'll keep a good hedge position in the golds and average up when I see a major bottom confirmed. Best Iso