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To: marcos who wrote (12799)	1/5/2002 5:37:27 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

Marcos, it seems that gold prices will fall. You explained why here: <Now Mqurice might call that azteca in nature, but it is a very modern high-tech azteca - technology has revolutionised mining exploration, all the geophysics etc, and the relative cost of diamond drilling having fallen over the years as compared to much else ... makes a lot possible ... and hey, those geologists just might be using CDMA phones, ya never know -g-> If it costs only $100 an ounce to produce gold, then the price will be $130 an ounce, give or take a little. That's the nature of digging stuff up. It's not like patented technology which everyone on earth wants and the software costs only $100 to produce and can be infinitely cloned. During my ponderings tonight, as I wandered kind of aimlessly around on my own [wife, daughter and mother-in-law going different ways], it struck me that all the tangible stuff is somehow not what people are about. Concrete, towers, engines, bridges, gold and the practical accoutrements of material reality are only essential to carry our protoplasmic wet chemistry support systems around. A bit like Stephen Hawking's wheelchair. They don't actually have any intrinsic appeal to us and they are only essential inasmuch as we retain a material attachment to 3D. Music, companionship, family, challenge, thinking, competition, invention, communication, dancing, sex, eating, warmth, beauty, and intangibles like those are the things we really value. Gold is very much part of the stone-age, iron-age, bronze-age, gold-age, platinum-age eons-old pattern of attachment to the material world, which is going out of date. King Larry and Katana are leading the way, along with hordes of singing, noisy, chattering, dancing, eating, people surging around the competition between people in boats. It seems nearly insane to be digging around in the greywacke in Waihi looking for gold-bearing quartz. Waihi is a gold-mining town 120 km from here. Greywacke is a sedimentary deposit which Hobbitland is made of. It's like watching some stone age Neanderthals scratching around in the rocks for some useful tools. If they were hooking out U235 or palladium or some stuff to make cyberspace hum it would be different. But they are looking for 'found wealth' which is valuable because it's valuable. It's like people being famous for being famous. The wealth and fame can go away overnight if the mob turns their gaze away to something else. Yes, I know gold has all of modern human history behind it and we still buy wedding rings and stuff made of gold and weddings are as fundamental value of humanity as it's possible to get. So I would NOT bet against weddings and would be extremely wary of betting against the main symbol of marriage. But gold is stored by the ton, for no purpose other than to store it. Wedding ring gold is worth the production cost plus a competitive profit. You are saying that cost has gone down due to production cost reductions. Look out below, Mqurice

To: marcos who wrote (12799)	1/5/2002 11:56:40 AM
From: smolejv@gmx.net	Respond to of 74559

As Ecclesiastes said "There's time to expand and there's time to contract. And there's time to take the profits and there's time to bite the bullets" - or something of this sort. Whatever the season, weather conditions ... How do you define/follow changes (here's a physicist talking)? You think up nice time invariants (like energy in the system stays constant etc): a) set you stop limits and honor them,that your days may be prolonged in the land of opporunities and oppulence. b) Dont overtrade, for the Market will not leave him unpunished who is not smart with his own money. c) it never killed anybody to take profits etc This is all sort of wishy-washy. Get to the point, DJ. The situation debases capital as the means to create new wealth. So much for Au - have some NEM, to put my money where the corner of my mouth is -. Possibly the decisive step, the flip of butterfly wing, has happened already quite some time ago and I'm just singing my canary-in-the-mine song ("this place stinks of methane"). dj