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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Terry Maloney who wrote (981)	12/20/2001 9:22:24 AM
From: russwinter	Read Replies (2) \| Respond to of 39344

<"Say's law"> I'm still a little confused about the context of why Liz referred to this (I assume as a theory on the state of commodities?), but suffice to say I lean toward the other neo-Malthusan economic camp. I believe economics is largely capital driven, and strongly influenced by the "lemming" effect. Capital piles (urged on by cheerleaders and money salesmen) into one hot sector (TNT in the late 90's) in speculative orgies. Constant interference by monetary authorities merely fans the speculative flames. Then you get a bust. Meanwhile a bipolar state of affairs is created in other sectors of the economy as so called old, (energy, a broad range of commodities, infrastructure), are neglected. Supply shortages that can't be quickly cured eventually develop in fundamental products. Therefore, the neglected sectors offer investment opportunities, and the "hot sector" becomes problematic as the excesses are purged. The question today in my mind: where are we exactly on the continuum? My answer: getting there with a quickened pace.