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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?


To: lbs1989 who wrote (3986)5/29/2002 9:32:28 AM
From: russwinter  Read Replies (1) | Respond to of 39344
 
<not sure I know the economic term for what happens to a good or service that has been artificially depressed>

"Disequlibrium theory", describes not only artificial suppression from speculative leans and shorting, but it also seems to be a common event in modern hot and cold "wildcat" finance/capitalism. Large speculative capital flows crowd in and out of various sectors and nations creating too much capacity (tech, telecom, and internet, US Dollar) or too little from neglect (commodities including gold, energy, old economy infrastructure).

This John Hathaway classic describes it well:
tocqueville.com



To: lbs1989 who wrote (3986)5/29/2002 9:40:19 AM
From: Fishfinder  Read Replies (2) | Respond to of 39344
 
I like what you just said lbs.
And it reflects how I feel; still 80% invested in PM's and holding.
I would summize that the Big guns needed out a while ago and they are now simply crying in their soup.

scott