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

To: d:oug who wrote (67636)	4/14/2001 1:06:53 AM
From: Abner Hosmer	Read Replies (1) \| Respond to of 116972

I thought an XAU over 50 meant gold bear market was over? Is that right? I didn't know that.. I guess we have a buy signal then <g>

To: d:oug who wrote (67636)	4/14/2001 6:47:04 AM
From: d:oug	Respond to of 116972

Question: Is current Dow, Nasdaq & S&P 500 bubbles? I'm only interested in a general manner since i do not buy/hold/sell any companies they represent, and only hold a basket of a dozen very penny gold type companies. That post of mine friday about the 13th + april fools on CNBC came from my TV Guide and actual program did not follow what i posted. Of interest in the program was what looked like a live interview with Larry Linsely(sic), and he would not say the R word but only described the current economy as "paused" and spoke of the most important element in the usa economy to be the credit load of both the small business owner and the family household, nothing about fiat usa dollars etc, and this may have been because of his top agenda/job to get bush's tax reduction program passed through House & Senate. But atleast he recognizes that a solution to the credit debt load should be handled by tax relief rather than a continuation of printing more fiat currency to loan to those in debt so that they will have the money to help pay off their big debt payments. But then thats the Fed Alan's job, not prez bush's. Anyway, is the following a "wolf" cry or is the danger real. While reading the complete article i noticed something very strange happening, my monitor was moving first to the left about 6 inches, then back to where it was, then to the right about 6 inches, and then onced back to the place on my table where it started, it did this moving over and over. As if i was on a boat that was rocking in the waves and my tube was greased or on wheels. Then i noticed that it was my head that was doing this, as it was doing that movement to signal "no no" over and over. Yes, it was this article causing me to question if i left the real world and entered into a TwiLight type world where people trusted bubbles because those folks on the bubble-tubes like CNBC keep saying "buying opportunity." I must e-mail bill to place a Warning on this article. Subj: Adam Hamilton - Contrarian Earnings Season Date: 4/13/01 From: LePatron@LeMetropoleCafe.com To: dougak@DimLight.com Le Metropole Members, Adam Hamilton has served commentary The Kiki Table entitled, "Contrarian Earnings Season." "Incredibly, ALL 10 of the largest US companies, which collectively make up 23% of the total value of the huge S&P 500 index, have an average P/E of 32.3, two to three times as high as historical norms. Two of the companies have valuations far into the ludicrous range..... ... mature company trading at over 50x earnings is an accident waiting to happen, and there is no rational justification for such valuations. In light of our discussion thus far, would you want to be long in any of these companies coming into this earnings season?" I suggest that all Cafe members email this to anyone they know that has any kind of decent investment in the stock market. This is not Alexander Hamilton, but it IS Adam Hamilton! Le Metropole Cafe All the best, Bill Murphy Le Patron www.LeMetropoleCafe.com