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.

Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?

To: tekgk who wrote (5558)	5/22/2001 8:57:18 PM
From: Arik T.G.	Read Replies (1) \| Respond to of 5676

tek, I always kept you on my peoplemarks, and now that posters I regard are talking about the emergence of a bull market in Gold, naturally I like to hear your thoughts. My opinion is that Gold is a very narrow market compared to the currency and bond markets, and unlike them, it is based upon a physical and scarce material. Therefore if time will come when the investing community will start looking at Gold as one of the vehicles to diversify (for example- their currency exposure,) the rise in POG would quickly turn into panic buying by short sellers and speculators stampeding over the investors that wanted to get into the narrow opening in the first place. The weekly chart looks good - the long consolidation in low levels (failing to make a new low) looks like an ending pattern to the secular bear in Gold. now it seems that the recent leg up is not part of that pattern but the beginning of a new one. Yesterday I sold my last call holding on NEM ( I had short puts on the XAU, too), and I'm eager to reenter. Re: Bubble I agree with your comments but IMO the bubble is yet to burst. The S&P isn't far from its all time high and valuations are still based on best case scenario, while the evidences are starting to accumulate against it. Capacity utilization is already at 1991 lows and shows no sign of stopping its descent. IMO we still have a month or so of irrational exuberance before the REAL bear begins. Re: energy I don't know much about this sector, but will be glad to hear some names >>companies with PE's of less than 6, lots of cash, operating margins north of 50%, growth rates in the triple digits and dividend payments on top of all this I thought there was no such thing. Sound to good to be true. What's the catch? ATG

To: tekgk who wrote (5558)	5/23/2001 10:13:47 AM
From: Cynic 2005	Read Replies (3) \| Respond to of 5676

tekgk, you are in my people marks too! I was wondering what has happened to you! Joseph G., the walking history book on stock markets, no longer posts on SI. I am hoping for the best for him. I am still here - though I don't post or read much any more. As with material from "quality" posters, I always find time to read - which is what brought me to your post! -ng- Hope you made a killing by floating a couple of dotcom bubble yourself! -g- -Mohan