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 : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (2066)	9/24/2001 10:44:03 AM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 36161

Perfect choregraphy this am between gold getting slammed & the pre-open pop on the DOW/S&P futures.... ... sur-prise, sur-prise.... what a prop job (roflmao). It won't work... simply too many holes (in the dike) and too few fingers left for the ESF/PPT/Fed. Hello NikkeiLand-deja vu all over again...

To: SliderOnTheBlack who wrote (2066)	9/24/2001 3:54:41 PM
From: Art Bechhoefer	Read Replies (4) \| Respond to of 36161

>>how do you explain the cold harsh reality of this 52 week chart<< As I noted in an earlier post, I think the price of gold shares reflects panic buying. That is, the upward movement of the price curve becomes a self fulfilling prophecy and does not relate to substantial changes in demand, either for jewelry or for settling international accounts, which are the two most prevalent uses for gold. Art

To: SliderOnTheBlack who wrote (2066)	9/26/2001 1:51:48 PM
From: SliderOnTheBlack	Respond to of 36161

Art B - re: your response to post 2066 here ? You didn't answer my question... so I'll repeat it: =================================================================================================== Art; please answer one very simple direct question: If Gold - "only retains it's luster when other forms of investment are near total collapse" - how do you explain the cold harsh reality of this 52 week chart (VBG)? siliconinvestor.com. Unhedged Gold Stocks/HUI +69 % !!!! Major & Integrated Oil/XOI - 10% DOW - 9% Natural Gas E&P index/XNG - 12% S&P 500 - 30% Oil Service & Drillers/OSX - 49% (OUCH ~) Nasdq - 57% And where were the "other" safe investments, out of curiosity ? Art; how do you as a professional money manager; with a self professed, longterm buy & hold approach; look your clients in the face & explain the above returns ? ========================================================================================= Art, you've graciously taken the heat here, but in reality YOU and all professional money managers should take some heat - because no one came out and said go purely defensive, goto cash and wait for the bubble collapse & the SLOWING GLOBAL ECONOMY to brings US equity/stock prices back to earth before buying... You guys & anything you say; by your very charter of having to be "X%" invested - by sheer common sense & reality; are the anthesis to the good of the average investor. And the epitome of this self-serving reality on Wall St was the faxu call of patriotism; calling for "us" to hold - while "you"(not you personally/Wall St) sold... How can Professional Money Managers look clients in the face and EVER again be trusted with the performance numbers they are posting !?!?!? ...anyone can throw darts and ride a 5 year Bull Run... but, look how few, how incredibly few fund managers made any money for their clients over the last year... and they failed & failed miserably on preserving their capital as well. All the HEAT money managers are taking here is deserved & earned ...and YOUR poo-pooing gold here; just doesn't mesh with the reality of the incredible returns of the HUI (unhedged gold stocks) here over the LAST YEAR ! ...who cares what bullion did - the "gold stocks" wen't thru the roof ! Art; in addition to missing the gold play.... my even bigger criticism is your hold/longterm approach in riding down this total decimation in the oilpatch stocks.... they are CYCLICAL-MOMENTEUM plays Art & if you haven't discovered that by now, you never will !