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

To: Jim Willie CB who wrote (51700)	5/19/2002 6:26:21 AM
From: t2	Read Replies (3) \| Respond to of 65232

Gold should do well this week...primarily because of the India/Pakistan tensions escalating. It is hitting headlines again and the talk of nuclear neighbors on brink of war is probably going to start again....just as it did a few months ago. In addition there is the Al Qaida threat. The effect of this may not be much as we have already seen market reaction to such news. India Expels Pakistan's Ambassador story.news.yahoo.com. U.S. Intercepting Messages Hinting at a New Attack story.news.yahoo.com.

To: Jim Willie CB who wrote (51700)	5/19/2002 3:46:24 PM
From: Jill	Respond to of 65232

Nice little thread: siliconinvestor.com stole this from it FRANG GIUSTRA SAYS THE YELLOW METAL IS HIS NEW PASSION By PETER KENNEDY Wednesday, May 8, 2002 VANCOUVER -- Almost six years after he quit the brokerage business to launch his own film production company, Lions Gate Entertainment Corp., Frank Giustra is again busy reinventing himself, this time as a committed gold bug. During a rare interview in a plush Vancouver office that is home to his new mining investment firm, Endeavour Financial Corp., the 43-year-old former Yorkton Securities Inc. chairman said gold is the new passion in his life. "What I'm very passionate about is my belief that we are at the beginnings of a sustainable bull market in gold," said Mr. Giustra, who is convinced that the yellow metal will benefit as declining equity values in North America and low interest rates start to erode the value of the U.S. dollar. Having reached that conclusion, he recently acquired a one-third interest in Endeavour Financial, a private company set up to acquire interests in small mining companies that could benefit from higher gold prices. Endeavour's investments include a 10-per-cent stake in Wheaton River Minerals Ltd., which made headlines last week by announcing plans to acquire a large gold and silver mine in Mexico for about $120-million. In a bid to seek out other opportunities, Mr. Giustra is surrounding himself with former Yorkton executives, including mining analyst Doug Leishman and corporate finance specialist Gordon Keep. Ex-Yorkton equities trader Ian Kirk has also been hired to set up a $30-million flow-through fund that will offer tax writeoffs to investors in mining exploration firms. Mr. Giustra has spent the past five years building Lions Gate, which, despite the critical success of productions such as Monster's Ball, Affliction, Gods and Monsters and The Red Violin,has been a stock market disappointment. He is still non-executive chairman of the company. He has sunk $18-million of his own money into Lions Gate, but its weak market performance has prevented him from exercising options on 250,000 shares, which are priced at $5.25 each. Lions Gate closed yesterday at $3.50 on the Toronto Stock Exchange. He has returned to mining in the belief that investor interest will be driven by a steady rise in the price of gold and other metals. "It will be a commodity-driven market," said Mr. Giustra, adding that a number of key factors will combine to drive gold prices higher. These include a decline in the value of the U.S. dollar, which he believes will weaken as international investors shift capital out of overpriced U.S. equities. Given that U.S. gross domestic product growth is fuelled in part by zero-interest car loans, low mortgage rates, and record levels of credit card debt, people are unlikely have money to put into the market. He said he thinks this will lead to a bear market, and that it is not unreasonable to expect a 30-per-cent drop in equity values within the next five years. "Foreign investors who invest in U.S. equities are starting to wake up and smell the coffee, and they are starting to pull their capital out and put it into greener pastures," Mr. Giustra said. However, the most telling sign that gold is in an upward trend, he said, is the decision by major producers such as Barrick Gold Corp. and Newmont Mining Corp. to unwind hedging contracts aimed at protecting themselves against falling prices. "This is smart business because it is uneconomic and potentially dangerous to hedge in a rising gold environment," he said. Still, even though gold has jumped to $311.60 (U.S.) an ounce from $255.95 last year, Mr. Giustra declines to predict where it will trade a year from now.

To: Jim Willie CB who wrote (51700)	5/19/2002 4:35:27 PM
From: stockman_scott	Read Replies (1) \| Respond to of 65232

Capitalism's Hollow Core - first in a series by The Washington Post... I guess accounting issues, monopolistic practices, fraud etc. are not going to be allowed to simply fade away. washingtonpost.com

To: Jim Willie CB who wrote (51700)	5/19/2002 5:10:16 PM
From: stockman_scott	Respond to of 65232

What Went Wrong The inside story of the missed signals and intelligence failures that raise a chilling question: did September 11 have to happen? By Michael Hirsh and Michael Isikoff NEWSWEEK May 27 issue — Forget James Bond. Intelligence gathering is more like taking a metal detector to the city dump.... msnbc.com