Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: jmanvegas who wrote (48717)	3/15/2002 6:07:08 PM
From: jmanvegas	Read Replies (1) \| Respond to of 65232

JWCB: I missed your earlier post regarding silver mining companies. No need to repeat yourself. Thanks. jmanvegas

To: jmanvegas who wrote (48717)	3/17/2002 12:49:45 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 65232

JMVeggie, thanks for reply... no, not a Dines fan I like Wally Bently, Adam Hamilton, Morgan, McIlvany these guys are less hype than Dines, who was wrong from 1994 to 2000 a world shortage of silver exists suppliers defaulted on a futures contract for silver delivery to Handy & Harmon a couple months ago amazing that it got almost no press besides a tiny WSJ article in a back page big silver investors now are Soros, Buffet, Gates, Rothchilds I am not a conspiracy theory guy really, just watching a dire situation unfold in 1980 the exchanges sharply increased long silver and gold future contract margin reqmts, thus forcing the market down and killing off the Hunts now in 2001-02 they are allowing low margin reqmts for short silver and gold contracts, when the total shorted is easily twice the available supply !!! CFTC officials dont see a problem whose pocket are they in? Wally Bently is very thorough on silver, the pressure point he expects silver defaults to become widespread, failure to deliver contracted silver contracts this could be the break point for the conspiracy which involves central banks, treasury dept, major bullion bankers like JPMorganChase, the Commodity Futures Trading Commission, and probably more a new development is a planned new Arab silver$ coin with Moslem inscriptions their purpose might be two-fold: to divert money away from USdollar and USTBonds to pressure the physical silver market two large institutions have ceased in selling silver coins this year: China, USMint I doubt the USMint has stopped, but that is what I read I doubt (as Bently does) that the roof will blow off on gold and silver, mainly silver, until four things happen: 1. crude oil goes higher and stays there, with costs filtering down into prices across the economy, and showing up in both PPI and CPI 2. international tension widening, with more explosive areas, probably most in the MiddleEast, but also perhaps in former hotspots like Taiwan 3. the USdollar begins to slide, which is likely after the Japan spring/summer implosion, following this quiet time during Japanese March Repatriation 4. broad reports of silver delivery default, with possible scandals on collusion to prevent silver price rises by exchange officials add in some scandal of precious metal manipulation between cental banks and bullion banks, and you have a monster situation I believe all world currencies will soon be distrusted, as will their paper games such as stock and bond markets I believe we will slowly see a return to what REAL MONEY is, gold and silver real money has to be precious, scarce, and hard to come by why the world complies with the paper charade is beyond me? Greenspan wants a return of inflation he must have a mild return of inflation if his track record is followed, he will get more than a little by 2005 I am planning on seeing annualized rates of inflation in the ballpark of 5-7% by very early next year where? food, energy, commodities own any silver coin hordes, JMan ??? I have a nice little coin collection worth $2000 or so complete Franklin half$, Mercury dime, Morgan silver$ (even "O" series), Buffalo nickels, Indian pennies, and a few 100 silver Liberty Half$ in bags, bicentennial silver quarters / jim

To: jmanvegas who wrote (48717)	3/17/2002 1:03:18 PM
From: Jim Willie CB	Read Replies (8) \| Respond to of 65232

are physical silver profits taxable? dont think so on coins suspect not on silver bars either any verifiable answer? an artifact from constitution, since gold and silver WERE money the subversion perversion is selling it for paper money I prefer stock to physical, but would rather participate in the physical pressure in this equation I am inquiring about vaulted silver possibly for summer purchase got information coming home soon dont like futures exchange contracts at all very dangerous being marked to market daily and dont want futures options, in case wrong on timing simple silver mining stocks are great SIL, PAAS, SSRI, HL, AEM (both HL and AEM are gold/silver) I hate the nutty aura behind the gold bug kooks (even more, I love my choice of words in "aura") Jimmy Rogers is a plain talking guy he loved China for a long time when that succeeded I believe we have some deep systemic problems brought upon by our paper-based fiat system the Asian Meltdown, LTCM failure, the Tech Bubble, Japan Bank failure, South American default, Russian default, currency rollycoasters, and other events are all colossal pieces of evidence of systemic problems now we have almost $2 billion required daily to sustain the US trade deficit God, is that normal? in the 1960's that would result in daily gold shipments out of Fort Knox after a while, the system mouthpieces and controlling mechanics must be brought in line to support the system that sounds paranoid, but I think it is very possible now the media dont talk about Handy & Harmon silver delivery default they dont talk about 150 million oz silver annual deficit they dont talk about depleted 6.2 million oz Silver Strategic Reserve they dont talk about futures contracts shorting twice the known silver supplies on a constant basis this sounds unsustainable thanks for your shared thoughts keep them coming I regard this upcoming silver spike upcoming to be more than just a blip that peters out I think in 10 years that silver may, just may, catch up to gold in price it has so many superlative applications that are not replaceable and silver production is at a standstill / jim

To: jmanvegas who wrote (48717)	3/18/2002 12:25:26 PM
From: stockman_scott	Respond to of 65232

Tough Times for Wall Street's Firms By Brian Kelleher Monday March 18, 9:26 am Eastern Time NEW YORK (Reuters) - Wall Street firms, far removed from the halcyon days of the late 1990s, this week are expected to report quarterly profits fell as much as 35 percent and offer little hope for a dramatic investment banking turnaround anytime soon. Goldman Sachs Group Inc. (NYSE:GS - news), Lehman Brothers Holdings Inc. (NYSE:LEH - news), and Bear Stearns Cos. Inc. (NYSE:BSC - news) are slated to report fiscal first-quarter earnings on Tuesday and Wednesday, with Morgan Stanley (NYSE:MWD - news) following next week. It's become the same old story for the group: declining profits, cost cutting, and layoffs as lucrative stock underwriting and merger deals fail to materialize. ``The first half of the year is not going to be anything to get excited about,'' said Dave Trone, a Prudential Securities analyst. ``The firms are back to the issue of 'do we have a need to cut staff'.'' Investment bank Credit Suisse First Boston, a unit of Switzerland's Credit Suisse Group (NYSE:CSR - news), last week said its 2002 revenues would not exceed last year's results, prompting a fresh round of job cuts. ``I don't have a specific headcount target, but I am confident that we will be taking more heads out in investment banking,'' CSFB Chief Executive John Mack said on March 12. CSFB has already cut 2,500 jobs, bringing its staff down to 25,152 at the end of December. Wall Street executives talked about a market rebound in the second half of 2002, but now market jitters -- largely related to the Enron Corp. (Other OTC:ENRNQ.PK - news) debacle and other accounting woes -- have many lowering their expectations for this year. ``We're still some time away from being able to say we have recovered,'' said one top mergers and acquisitions (M&A) banker. ''I don't expect levels to be even last year's levels.'' The banker called the salad days of 1999 and 2000, when profits were at record highs, ``an aberration.'' ANALYSTS LOWERING ESTIMATES Several analysts have lowered earnings estimates as the quarter went on, citing weak M&A and equity underwriting conditions. ``My estimates ... have come down for M&A volumes for the rest of the year,'' said Robertson Stephens analyst Justin Hughes, who lowered his earnings estimates in January. Lehman's and Bear Stearns' results were bolstered last year by a strong bond market, as the Federal Reserve cut U.S. interest rates 11 times. Strength in fixed income is expected to wane as the Fed raises interest rates, but the sector is still strong. ``For the start of this year, fixed income is still the place to be,'' Hughes said. Still, most analysts see a relatively weak first quarter. ``Until market stability and confidence returns, corporates will remain inwardly focused, avoiding the markets and large strategic transactions,'' UBS Warburg analyst Diane Glossman said in a research note on Friday. Firms other than CSFB are also expected to pare staff. ``We believe that significant overcapacity continues to exist with respect to both market players as well as headcount at individual firms,'' Glossman said. ``We expect managements will make additional personnel cuts to manage profitability across the cycle.'' A.G. Edwards Inc. (NYSE:AGE - news), a St. Louis-based brokerage that is expected to report earnings next week, is cutting 400 jobs, or nearly 2.4 percent of its staff. The job cuts are the first in the company's 115-year history, as slack customer trading activity crimps profits.