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 : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (6181)	5/25/2002 11:09:10 PM
From: macavity	Read Replies (4) \| Respond to of 33421

It is odd. I talk to the Japanese, and I ask them about keeping their life-savings in banks that are insolvent and it does not cause a stir. I really am worried, as the people here are absolutely superb, and I have read stories about post-war Germany, and other periods of super-inflation and you get a picture of frightening social unrest and panic. Boy, I would not wish that on any country, least of all the Japanese. Still something just does not add up. The insolvent banks, the 20%+ p.a. money growth, the absolute determination to change nothing structural. The average Japanese citizen is not yet buying bullion. Not even the not-so-average. Very few people are. That is the catch, if they were then you could forget about Gold at 330. I think any number north of 500 would be a more realistic number. But that is IF they panic. Trying to predict this is like trying to predict a crash - impossible. What I want to see is mass central bank sales to drive gold down, and then I promise I will never trade Gold stocks again - just LTBH. Once they have used up a lot of their rounds then the whole thing could explode. John, you said it - "Life takes time to live!" - and my timing sucks of late. I may park my fat arse in Starbucks Ginza next week, and count the number of nervous people walking around with brown paper backs. Oh sorry, I lied. It's the World Cup* and there are matches to be watched. - macavity *- The Greatest Sporting Event In The World