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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (10581)	10/2/2001 9:03:29 PM
From: smolejv@gmx.net	Read Replies (1) \| Respond to of 74559

Toronto or Vancouver plays? I guess this is an immaterial question, because I doubt I could reach them from here. OTH my heart goes and stays with Canadian Energy, Mines and Resources (g). dj

To: marcos who wrote (10581)	10/2/2001 9:20:35 PM
From: X Y Zebra	Read Replies (1) \| Respond to of 74559

Why do I hate to admit it? Not so much for the fact that the winds of the financial world have shifted signaling a turn for the worse to the point that forces me to reverse my prior stance in re: "el oro es para los loros" -g- I do not mind that actually as being nimble these days is the order of survival in the financial jungle... But more because we, as humans seem to have failed to progress. My belief that gold belonged to the dark ages seems to have failed. I believed that economic progress was more important and based on the assets that allow you to produce... jobs, wealth, services, trade I thought we were on the right track ... I guess that excess and mismanagement of assets once more got in the way and so here we are facing the dark clouds in the financial horizon... oh well... I believed more that your highways, factories, telecommunication networks, R & D facilities and the human capital were the things that made you grow and hence have your net worth increase... What does gold produce? Nothing, (other than jewelry and a number of industrial uses), but it actually gives you headaches as you have to store it and secure it. What it does provide is a psychological safety given its potential demand based on the fear that nothing else will be worth in the future... Barbarians at the gate seems what truly gives value to the "precious metal” because is a way of being safe, in your head that is since "safety" during such times is a very relative term (assuming you will have to actually use the metal as means of exchange). I hate to admit it but we seem to continue to be as rudimentary as we were way back when... We do not change... we just do it in different disguises every time... So I won't bitch, I'll just get on with the program and "allocate a given % of the assets to a representative of the shiny metal... Perhaps shares in mining companies... relative liquidity... the metal itself... hmmmm that does not seem to make sense and if it does... well then we would be nearing the point at which it may be best to move back to a warm place with sandy beaches and attempt to become one of the local caciques and.... que viva la vida loca... y dejar que el Chamuco se encargue de lo demás. -g- Yes... Sept 11 has a lot to do with this shift... which also revels that although I knew a downturn was coming, I never imagined the magnitude of the possibilities I now consider.