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To: ItsAllCyclical who wrote (88658)	3/14/2001 3:17:18 PM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 95453

Looking at the call volume on various PM stocks is pretty bearish. We could see a bit of a pop after Friday when options expire, but the April calls are still pretty heavy. Looks like a number of investors bought the calls vs shares in the downturn. NEM short term options quote.cboe.com HM and others look similar. Still think it's a question of when and not if.

To: ItsAllCyclical who wrote (88658)	3/14/2001 4:02:37 PM
From: isopatch	Read Replies (2) \| Respond to of 95453

Good article, Jim. They won't do it. But they should. Also sitting with my gold positions here. Decent scalp gain in REMC (2nd time this year) my only trade today. One of these times am going to miss a good run in that critter(g). But for now, am happy to take what the market gives me. Isopatch

To: ItsAllCyclical who wrote (88658)	3/15/2001 1:25:33 AM
From: dfloydr	Respond to of 95453

JimL, Jude Wanniski has been a gold bug since at least the mid 1970's. He has touted shifting the dollar to a gold standard all that while. I used to work with Art Laffer in those days when Art and Jude had a lot of input to the editorials of the WSJ. Myself, I suspect that his idea would set of a devaluation race to the bottom. Why would Europe, India, China or any other country not follow suit? All devaluation would do is export our problems temporarily to other economies who may not want to sit around and take it in the ear at a time like this. Besides how do we devalue against gold and not against all other currencies? I hope Bush has some better ideas to consider. Right about now I would argue that the Fed should drop the Reg T margin requirement for existing balances for say 45 days by perhaps ten percent to take the selling pressure off while heads cool down. That and a rate cut would get people thinking on an even keel once again. By the way, what anecdotal evidence are you all running in to? We have had guests with us here in Arizona this week. It has been impossible to get into stores and parking lots. Motels at the Grand Canyon and Tusyan have been hit with bookings way ahead of expectations. Sedona was overrun with people as usual the past two days. In the Boston area, my daughter has had a tough time finding a house as houses keep selling out before they can get an appointment to see them. One high end restaurant owner here in the Phoenix area reports his sales YTD are down 12% ... because eight new restaurants have opened up nearby. Is everyone coming to Arizona to get away from Mad Cows and hoof & mouth disease in Europe? By the way, that last throw away line suggests US tourism might indeed see a bit of a boost, or less of a drop as a result of those problems in Europe.