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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: Percival 917 who wrote (40794)8/30/2001 2:20:35 PM
From: Jim Willie CB  Respond to of 65232
 
mix of gold & precious
NEM - Newmont (gold)
HM - Homestake (gold)
SWC - Stillwater (platinum group)
SIL - Apex Silver

these are picks by Stephen Leeb of "Personal Finance"
a sharpy who dumped techs in Feb2k
they tend to decline with deflation
but they rise in breathtaking fashion with panic
panic can arise from currency, fastmoving market, etc

ever since abandonment of gold standard by Bretton Woods Agreement (by the biggest presidential economic moron in history - Nixon), currencies occasionally go into a panic from the lack of tethering to tangible hard asset bases, the best of which is gold
such gold standard tethering doesnt solve all problems, but it sure does smooth out the bumps
gold serves as an intermediary that ensures somewhat more responsible fiscal behavior
instead of horrible swings in your currency, you would witness good sized swings in your required gold holdings at a central bank
you tend not to spend your entire budget stupidly if you have to deliver 10 tons of gold by year end !!!

some people now believe that the USdollar is overvalued by the extent to which gold dropped in value since 1994
it was fighting back then to remain above $400/oz
now it is $260-280 per ounce
so they are saying the dollar needs to decline until gold reaches $mid300 level again
oy
/ jim



To: Percival 917 who wrote (40794)8/30/2001 3:55:27 PM
From: Dealer  Read Replies (1) | Respond to of 65232
 
Hi Joel! Here are some that I watch......Sorry about the format.......goodluck. dealie

INDEX--$XAU 56.87 + 0.24 +0.4% 57.14 56.41 56.63 15:52 Aug30

HAL 28.00 -2.15 -7.1% 27.99 28.00 30.33 27.89 30.15 THRD 200 6.03M 15:53 Aug30

AU 17.90 + 0.23 +1.3% 17.90 17.92 17.97 17.66 17.67 NYSE 100 69.7K 15:53 Aug30

PDG 11.11 + 0.22 +2.0% 11.11 11.12 11.14 10.90 10.89 NYSE 1.00K 1.08M 15:53 Aug30

ABX 16.16 + 0.05 +0.3% 16.14 16.16 16.35 16.05 16.11 NYSE 500 1.00M 15:52 Aug30

HM 8.47 + 0.08 +1.0% 8.42 8.48 8.57 8.36 8.39 NYSE 1.30K 627K 15:52 Aug30

CDE 0.87 -0.04 -4.4% 0.87 0.88 0.90 0.85 0.91 THRD 3.00K 83.1K 15:51 Aug30

AEM 9.67 + 0.02 +0.2% 9.66 9.69 9.70 9.47 9.65 NYSE 5.00K 278K 15:51 Aug30
GSR No Data.

BGO 0.32 0.00 0 % 0.32 0.33 0.33 0.31 0.32 MSE 5.00K 132K 15:52 Aug30

ECO 0.98 + 0.02 +2.1% 0.95 0.98 1.00 0.95 0.96 AMEX 3.00K 342K 15:52 Aug30

VGZ 0.08 + 0.01 +14.3% 0.07 0.08 0.08 0.07 0.07 THRD 100 171K 14:40 Aug30

CBJ 0.43 -0.02 -4.4% 0.41 0.43 0.45 0.43 0.45 AMEX 5.40K 13.0K 15:31 Aug30

TM 60.39 -0.96 -1.6% 60.30 60.44 61.10 60.37 61.35 NYSE 100 17.8K 15:53 Aug30

NEM 20.86 -0.08 -0.4% 20.85 20.88 21.12 20.61 20.94 THRD 500 962K 15:52 Aug30