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

To: yard_man who wrote (75262)	8/18/2001 5:50:10 PM
From: marek_wojna	Read Replies (1) \| Respond to of 116753

<<What I smell is the potential for a larger general loss of confidence in financial systems -- I know this puts me on the fringe, even here, but that's OK.>> Same smell. Instinct, smell, my understanding of the human nature is telling me the outrage from the public will have no precedence since the fools who can't blame themselves only, will now spend their time and energy looking for the "guilty". Gambling instinct is well and alive in majority of "investors", this is positive news for the gold shares.

To: yard_man who wrote (75262)	8/18/2001 6:02:45 PM
From: Rarebird	Read Replies (1) \| Respond to of 116753

<What I smell is the potential for a larger general loss of confidence in financial systems> There is no question that's coming. But isn't that the last stage of the secular bear? I still see plenty of hope everywhere I turn when I talk to all the people who invested in the Dot.Coms in the late 90's in NYC. I've never taken the high profile brokerages seriously. Their livelihoods are at stake here so they'll just continue to babble away about a bottom and just upgrade the tech stocks with the hope they don't eventually bleed red. What's interesting is that I'm beginning to see little traces recently of the gold stocks trading like the dot.coms use to in the late 90's before they took off. Friday was an interesting example. They took off early on Friday, gave back most, if not all their gains early on, rallied again, and then succombed to some profit taking in the last half hour. Yahoo use to trade like this before it really took off to the upside in the late 90's. Lots of people I know have been talking about investing in Gold Stocks for months, but they have not done so yet. I think a lot of people have lost confidence in the advice of their full service brokerages. But they are still clinging to the hope that these markets will eventually turn higher and rescue their portfolios. It's only been a 18 month bear thus far and the Dow and S@P have hardly been damaged. The earnings recovery keeps on getting put off. These Markets are getting impatient. I'm long what everyone seems to hate, including the Insiders, who are quite sceptical, to say the least, about the future prospects of their own industry. But that kind of scepticism and despair is typical of the prolonged "loss of confidence" that is prevalent at Bear Market Bottoms.