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

To: goldsheet who wrote (68285)	4/25/2001 3:46:35 PM
From: Crimson Ghost	Read Replies (2) \| Respond to of 116898

Market comments from Sandspring Advisors who have been pretty good in this bear. Note that they like gold more than anything else now. "I go away for a few days, and the financial world goes crazy. First, the masses feel compelled to buy every beaten-up tech stock on the Fed rate cut. Now the masses feel compelled to dump them again on a second glance at the still poor fundamentals and inventory overhangs. All the noise and wasted energy chasing prices up and down is nothing short of amazing. As the old saying goes, "Wall Street is a street with a river on one end and a graveyard at the other," but there most certainly still appears to be a large playground for silly investors in the middle. Are we bullish or bearish you ask? Mildly bullish continues to be our answer, but in a traders' scalping manner. Most immediately, we'd be looking to buy S&P 500 weakness toward 1188, and lighten up on strength toward the 100-day moving average that currently stands at 1270.50. Our sign to stay with this strategy will be the ability of this market to avoid intersecting the top of its first impulsive move higher at 1183.35 achieved back on March 27th. If this latter level were to get intersected, it would be the first warning sign that this market is starting to fail again. It would not be an immediate indication to go short, mind you, but just a warning sign that we've likely had an A-B-C bounce with little more behind it. We honestly don't think such an intersection will be achieved, although we might get pretty close at 1188 support. Trade the chop if you must, but if you do, avoid the semiconductor sector that still appears quite vulnerable. Better yet, if you want something compelling in which to truly invest in, just stay long gold. With Greenspan pushing on a reflationist string, it is the only low risk and obvious late-cycle play we currently see."

To: goldsheet who wrote (68285)	4/25/2001 9:00:21 PM
From: E. Charters	Respond to of 116898

Well Dines knows two good things when he sees it. I would be more impressed if the Bobbsey twins talked like the Aden sisters. Then I would get really aroused. PGMs are mad, mad, mad. I used to prospect PGM's with the Kraut who found Lac Des Isles and sold it to the last honest mining promoter, Patrick J Sheridan. What a game. Nobody sees Pt anywhere. If I ever let Inco on my claims again call my nurse, increase my medication and don't let me board any more helicopters without my senility bracelet. Even 4000 dollar palladium and diamonds the size of baseballs won't raise the dead prospector from the grave. We need a Bushveldt complex found by a ten cent CDNX jr. and all the companies around them 8 cent jrs. Even that might not do it. Mining, she's dead Jim. She's lost that lovin' feelin'. Heart of Starkness. Wheat fields are black. Chernobyl was a beer fart compared to this. In Wawa they found real good diamonds in place. Investors yawned. It should be a 5 dollar stock. Nobody wanted ground. Don't ask me what they want. Not even JDS uniphase knows for sure. All kinds of PGM's in Ontario. They are also hiding in droves in Sudbury where there is no ground to get. I think the lowered expectations of the market had better be ratcheted down about 47 more notches still. I aver that the Martians who are into e-commerce will not sign reciprocity with earth until XML is fully explainable in a biz-guy's Dick and Jane primer. By the time the MBA's say "Oh I get it" and sign off on no more mass-email and the fire Mark Andressein, we will be into the next decade and on to other things. By that time Iron will have returned in price, and we will be rebuilding all the road bridges in the US to accomodate fusion drive mag lev trains so it won't matter. Hey! want a prediction on new directions in industry? This is a bit wild for most stable people, but if you sniff draino for kicks on Friday nite, you might appreciate this one. Mene Mene Tekel Upharsin. Ok. sit down. Do you know Bob Young? Complete Idiot but a real nice guy. (It's Ok, he is immune to personal insults for certain reasons.) Well he is saying that the computer software industry has a new model that will cut the money drain of business into network solutions by TEN times. Now the average brokers who thinks Linux is a company, not a communist conspiracy, will say free software cannot be sold so nobody will do it and anyway you cannot convince people to trust it, right? Well... actually ... Bay Area Rapid Transit can afford to kiss away thousands of lives on that concept so they adopted it. Natch that it must be what the brokers say it is. (not). soooo... the downturn in the tech industry? What is the reason? I will through you a wild curve. Spending on sofware and systems has simply eaten up way too much cash and time for the last 15 years and it is on the down side of the rollar coaster. Coney island twister coming up ... watch out! Complexity theory, a la Shannon who just kicked the can, (one minute of energy balance here) has spoken. Systems have to simplify and spending is contracting. The instinct is to turn away from the shoals and rocks of the past wrecks and we can guess that is spelt Microsoft and mainframes, heavy software contracts etc... What does this mean? The world's largest software companies are dead, and dying. That is correct. Short em all now if they do not reinvent and adopt new models like the day after yesterday. This is the real tech bubble. Companies have en masse clamped the lignum vitae tight on the hoist and the motors are idling. Money to be spent is not the issue. A sleeping dragon of 20,000 to 100,000 (who the hell knows) of logicians are steering the ship from the other i.e. consumer-user side! Imagine being able to tailor make your software by mass worldwide internet complaints. And get it for "free". Except if you have to pay for it. Face it, the industry changes when real bright people say how it should be changed. This does not say that company X will keep its lead. It usually doesn't. Well what is being said in the industry at the levels that know is that all companies in the industry are stale, burnt, cold toast. Let's face a few more facts. Windows 3.11 was bad. Windows 95 was excruciating. Windows 98 was a mistake and now Windows Millenium is a dangerous beast that will eat your brain if you let it feast. Don't make that mistake. Everything you are doing now you could do on an abacus and have a lot more fun. What is more the PC should have been burnt at the stake when it refused to recant MSDOS 15 years ago. E-commerce was just a symptom, like coughing is a symptom of TB. It weren't the reason. If you didn't chuck the box out the 3rd floor window at the 24,000th virus, it was because you were too sick to react intelligently. You're brain had already been degraded. I bet you were wondering where this was leading. Uh, oh well, if true, and by now you should be aware of it unless obvious facts are not part of your religious beliefs; - I guess it means, that since real expensive computers and software are on the way out, this will contract the economy of the nation by a bit. What steps into the void is a reassessment of what people's core business should be, instead of making all their employees dubious computer crashees. Customer Sourceware. EC<:-}