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

To: Snowshoe who wrote (14331)	2/2/2002 6:12:47 PM
From: marcos	Respond to of 74559

No joke, latitude has profound effect on personal rhythm ... at the seventeenth parallel where falls the sun later in winter and earlier in summer than at the fourty-ninth, and where there is no twilight to speak of, one minute it's day and then wham it's night, i sleep easily three to four hours before i would in BC ... unless a bunch of us machos go to La Pantera Rosa, in which case we end up with less sleep money and brain capacity the next morning -g- I saw Smith's comment, thought it pretty whacko ... in a way it's true that gold is 'yesterday's money' and in another way it is not - i don't believe that nations can entirely do without the use of it in the settling of accounts ... 'the ultimate form of payments in the world' - A. Greenspan, quite recently ... millennia of history behind that, gold is the only form of money that is other than a debt obligation of another human being or group of human beings, somebody phrased that better somewhere .... no, gold is money and will remain money for our lifetimes and those of our grandchildren, imho, it is hubris on the part of the fiat money pushers to pretend otherwise There are so many whackos on the other side though, perhaps Smith just helps to balance some of that off ... he compares the world of gold comment to a barbell, with most participants out on the ends, well that's largely true ... i see myself in the middle pretty much, don't believe gold is going to the moon, don't believe in big financial collapse, don't believe in gold short squeezes that last or carry very far ... but i see it rising from here, for sure ... it already is, check out the 1yr PoG chart on this site - kitco.com ... those are higher lows ... soon it will print 300US and that will be a headline event, more significant imho is 330 and that will come too in the near future ... but i don't want to be in the middle of the barbell if people are going to put their yucky hands on me, no way, i'll just sit over here in the corner learning referee lingo and holding about twenty-two junior gold stocks -g- [edit] - and cpt - stockcharts.com .. as qcom is to Mqurice, so is cpt to marcptos ... a major bet on human ingenuity and planetary development, general improvement in the way we get along on this globe and our affinity for far-away places with strange-sounding stocks ... i defy anyone to give its president Toby Chu a half-hour of time and come away not buying into his company

To: Snowshoe who wrote (14331)	2/2/2002 10:34:11 PM
From: LLCF	Respond to of 74559

<I'm flabbergasted, but he does have a good track record. > Look at the date he started following. They guy is simply the flip side of Peter Lynch and all the 'stocks for the long run' crowd. He's been right for 20 years... ie. the bear market in gold. Big deal... he's assuming every central bank will sell every ounce, I don't think that's even close to realistic. 1.)Everyone's pick here for the most important country on the planet [China] is buying gold. 2.)No way the non-U.S. portion of the planet [almost everyone], is going to let the U.S. get away with the free lunch of having all those IOU's float around out there interst free. There will be plenty of monetary uncertainty, hagling, and probably wars over the privilege. DAK