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Gold/Mining/Energy : Twin Mining (formerly Twin-Gold) -- Ignore unavailable to you. Want to Upgrade?

To: russet who wrote (297)	2/19/2002 9:41:29 PM
From: teevee	Respond to of 613

I hope the results from Jackson Inlet don't make the stockholders turn pale green:-))ggggg On other matters, it looks like the mother of all gold rallies hasn't yet arrived, even with the Japs having to devalue the yen. I suspect that the sell off in the markets is due to the line of thought that Japs will be cashing in US T-Bills and US securities(Canadian and European ones too) after the devaluation of the Yen happens. They will need the capital to meet obligations in non Yen denominated debts etc. or maybe they will pull an "Argentina" or an "Enron" and just default? Its hard to imagine more Japs will buy gold if they are all broke eh:-)) I can see lots of Jap sellers if they are all broke, but will everone else buy? If Japan goes down, will they drag everyone else with them? There is a chance that a whole lot of hamster cages could be lined with fresh stock certificates:-)) I'm thinking that a devaluation of the Yen will also effectively be one mother of a rollback for all Japanese stocks too. Might not be a good time to own Jap stocks of any kind and especially Jap bond or equity funds. Could be a whole lotta sellin comin up real soon:-o That old market adage "sell in May and stay away" might be applicable a little sooner than usual this year. cheers, teevee