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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Yogizuna who wrote (9512)	3/18/2002 9:54:44 AM
From: Frank Pembleton	Read Replies (2) \| Respond to of 36161

Yogi, there's an old saying... 10% of your portfolio should be weighted in precious metals and pray that 10% doesn't ever work. The amazing thing about gold is that no one can predict the big move - it's a hedge against systemic risk. It's an insurance against an unfortunate surprise that no chart, lease rate, COT report or bullion buyer can predict. Our eyes are on Japan, but I predict the real move in price will be led by Americans. Regards Frank P.

To: Yogizuna who wrote (9512)	3/18/2002 4:47:44 PM
From: t4texas	Read Replies (2) \| Respond to of 36161

they may not be selling out the sumo wrestling in japan, but i continue to read anecdotal info that things are not that bad for the average japanese. imho that is still because the unemployment is still not that high in japan. as long as 95% of japanese who want a job have a job, they seem to be slogging through the deflation. the job loss seems to be the key politically. that is why the banks have kept so many essentially bankrupt companies on financial life support. as more and more companies are getting tossed into bankruptcy, unemployment has got to go up. then i think we will see some sparks fly and some solutions come forth.