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To: Crimson Ghost who wrote (91462)	6/11/2001 11:17:26 AM
From: majaman1978	Respond to of 95453

Any AU stocks out there w/hi yields? Remember back in the '80's a lot of South African securities used to carry a high yield.

To: Crimson Ghost who wrote (91462)	6/11/2001 1:42:28 PM
From: SliderOnTheBlack	Respond to of 95453

G Cole: Dollar strength - is a double edged sword... George; Gold & the US Dollar can rise together & may do just that for the time being. The Euro doesn't have the history, nor does it have the full faith of all of Europe behind it... Japan is a mess... so the Dollar benefits because of it's ability to absorb all of that global liquidity that Gold can not. The US Dollar play is perhaps a "best of the worst" type of scenario imho. But, given the account deficit and the obvious money supply reflation by the Fed to fend off a US Recession here; a rising dollar is and will ultimately become it's own worst enemy. Gold is a very small market - it pales in relationship to Intnl Currency markets. We only need for a very small percentage of the investment presently in Yen, the Pound, Franc's, Euro's and Dollars to begin to shift into Gold... just a very, very small bit & then BAMM ~ ... gold will move & move big. It's when, not if this happens imho. Only time will tell; but I have some nice trading profits allready locked in on the gold move & have no problem accumulating XAU 40-60 for a LT portfolio position. It's not as if the XAU hasn't frequently visited XAU 100-150 over the last 20 years. Waiting 2,3 even 4 years for a 2.5 bagger isn't so bad... we've been spoiled by this OSX run & the NAZ-mania mindset of late; expecting immediate "action" (VBG). Where the test for the "early" gold stock investors will come - is the temptation to dump at $320 Gold & XAU 85 to 100. For those who were in at XAU 41-60; that will look like a very enticing level at which to take profits; but the stage is set; especially given the derivative & short positions in gold for something much above & beyond even the XAU 125-150 levels that we've seen in prior cycles. It will be a real test to pass at dumping at XAU 72, XAU 85, XAU 100 and hold thru 125 to 150ish - won't it (VBG)? It's very plausible that Gold could see $600-$800 on a derivatives-short covering run & where would the XAU/HUI be then ? ... on my Gold stock watch list - I've written in RED MARKER - my old favorite reminder: Pigs get fat, but hogs get slaughtered... So, I'll probably use the strategy I used in the last couple of OSX trading range moves - take profits & use 1/3rd of the profits to keep rolling into "calls" for leverage, but also guaranteeing that I keep prior profits in the bank; define & limit my downside; but yet maintain leverage to any remaining upside move... It amazes me that the critic's think that Gold & the XAU will NEVER again see $400, or XAU 150 ? As I allways say; Gold, like the Oilpatch is first & foremost - a cyclical sector... the cure for $252 gold - was $252 gold & the CB's will be out of gold in what ? - five years (VBG) ?