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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: chowder who wrote (27002)	1/4/2002 11:38:45 AM
From: isopatch	Read Replies (2) \| Respond to of 52237

Never claimed to be perfect, son. Nor is that necessary to make very large amounts of money in this game. All that's necessary is being right more than 1/2 the time and cutting your losses OR taking smaller gains when you're wrong. Hmmm, this makes it several threads in just the past few days. Are you going to follow me around trying to provoke a dust up on every thread I post on?<lol> I'd advise you to be careful. This is a moderated thread. And you've already been banned on Strictly Drilling 2. Cheers, Isopatch

To: chowder who wrote (27002)	1/4/2002 10:07:11 PM
From: Roebear	Respond to of 52237

dabum3, In your reply to isopatch, his post you cited was in response to this post of mine: Date: Tue Oct 30 2001 00:38 John Disney (lease rates) ID#24387: Copyright © 2001 John Disney/Kitco Inc. All rights reserved for newphys .. who asked .. "Can anyone explain to me why gold bullion prices are rising today ( and tonight ) with gold lease rates at near one year lows? " ********************************************** IMHO lease rates are low because no one in their skull would borrow gold .. the contango is minimal at this interest rate level. People borrow gold IF they can pay it back . They can pay it back IF they get a miner to sell gold forward to them .. A miner sells gold forward IF he will receive a reasonble margin ( say 4 % and up above current spot ) a year forward on the gold now in the ground. Add to the the qualitative input that selling gold near what appears to be a bottom makes a lot less sense than near a top. short answer .. Miners have stopped selling forward. there is no demand for leased gold. *** IMHO, Mr Disney had a good point then and it is still a good point now. I am not of the opinion that the markets have to tank or the world has to end for gold to go up. Quite the contrary, though it is in the nature of the golden beast for disquieting news to have a short term salutary effect, I prefer the longer term change that comes with a move originating from fundamentals. Often times in a sector we see mergers and buyouts around and just after the time of a bottom, just as we saw with energy awhile ago. Do you think we could be seeing that happening now in precious metals, as with the recent bidding war for Normandy? Regards, Roebear