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

To: smolejv@gmx.net who wrote (12072)	12/24/2001 8:23:48 PM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

Hi DJ, <<On the subject of a candidate abra cadabra: converting greenbacks to gold … dream, drive, obsession …>> Stop dreaming. There is not enough gold to go around for such a process. Oops, DJ, holy cow whiskers coffee shop, THERE IS NOT ENOUGH GOLD TO GO AROUND FOR SUCH A PROCESS! :0) <<Now to a completely different subject - from Nolands epistle for this week …>> If Maestro Greenspunk is wrong about the gear works of the economy, the train of the market, the chain of finance, and the lubricant of commerce, money supply, you think Greenspin can also be wrong about the monetary role of the previous subject:0? Eureka! And now for a complete change of subject ... physical Gold and platinum provide calm (tranquilidad, it sounds so much better in Spanish, as recently pointed out to me by a distant but close relative) to my NAV positions and DNA games. How much is tranquilidad worth? About 5% of NAV, hopefully growing year-by-year, in line with NAV. Gold and platinum equity, on the other hand, provide profit to my NAV positions. How much is profit worth? About 50% of NAV if I am convinced, judging by past speculations at the peak of frenzy, right before exit, some time before the plunge. BTW, I got assigned a bunch of NEM at 20/shr, keeping the put/call premium of 5/share, increasing my NEM by one fifth more, and strangely feeling better. Chugs, Jay