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.

Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: jim_p who wrote (3219)	7/29/2001 7:15:33 PM
From: chowder	Respond to of 206099

Jim, excellent point about commodity pricing. If inflation were in the picture, it would seem to me that commodity prices would be rising. That is why we've been told to buy gold, isn't it? Here's a look on the weekly charts for some of the commodity indexes. Commodity Research Board: stockcharts.com[h,a]waclyymy[pb50!b200!b25!b9][vc60][iUa12,26,9] Goldman Sachs Commodity Index - Energy Prices: stockcharts.com[h,a]waclyymy[pb50!b200!b25!b9][vc60][iUa12,26,9] Goldman Sachs Commodity Index - Precious Metals: stockcharts.com[h,a]waclyymy[pb50!b200!b25!b9][vc60][iUa12,26,9] All indications are that inflation is under control for now. Although I'm not recommending gold to others, I will hold on to what I do have just in case. What do you folks see as an investing opportunity with the markets expected to reach new lows later this year? I already have positions in Bear and Short funds, what else is there? dabum

To: jim_p who wrote (3219)	7/30/2001 2:01:26 AM
From: dfloydr	Respond to of 206099

jim_p: if we were to really devalue the dollar I think you would see some pretty swift inflation. Look at any item in any store. Most are not made here. Such items would rapidly move up in price. I have lived through a few such experiences. This would affect every American negatively to the benefit of those corporations engaged in international trade. By the way, do not believe a word any government official says about the value of their currency. They will lie until the moment of devaluation. Always have and always will. I remember the British Chancellor of the Exch. was on BBC promising that the pound was never going to change ... circa 1949. The next morning they devalued from $4 to the pound to $2.80. Short term promise I guess. The U.S., France, Italy, etc. have always been just as deceitful.