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To: Lucretius who wrote (169363)5/31/2002 2:47:50 PM
From: Box-By-The-Riviera™  Respond to of 436258
 
i have already said, the correction hasn't happened. okay?



To: Lucretius who wrote (169363)5/31/2002 2:48:54 PM
From: Bid Buster  Read Replies (1) | Respond to of 436258
 
gold shares are doing exactly what the should be doing <g>



To: Lucretius who wrote (169363)5/31/2002 2:50:43 PM
From: maceng2  Read Replies (1) | Respond to of 436258
 
I feel sure the fair value of both Gold and Silver is ABOVE where they are priced today. I also feel fairly confident that the ability of various factions in the world economy to manipulate the price of said commodities will weaken. Not to say every dirty political trick in the book will be used to prevent the inevitable. But I am making a LT commitment that the inflation adjusted price of both Gold and Silver will go up from here for several years. Therefore the miners of said commodities will increase in value manyfold because of the leverage aspect. Hedged miners are OK but will go up (and also down) slower then unhedged miners. I think hedged miners will actually be attractive to many investors...so I will keep some of those too.



To: Lucretius who wrote (169363)5/31/2002 2:51:11 PM
From: oldirtybastard  Read Replies (2) | Respond to of 436258
 
everyone i see is worried or bearish on it already, think this "correction" will be brief and is just to make the latecomers more gun shy with their next purchases. i'm probably wrong, but i don't care, watching other stocks drop is much more interesting to me than the golds anyway -ng- got calls? -g-

edit: also feel that regardless of pog near term moves, all miners will experience increases in valuation multiples due to interest in the sector



To: Lucretius who wrote (169363)5/31/2002 6:30:00 PM
From: Horgad  Read Replies (1) | Respond to of 436258
 
I've been buying all the way down, mostly GFI. I hope the correction is over, but I still have a little powder left. GFI gave me a scare today as I didn't expect it to blow down through 14, but it made a strong recovery by end of day.

Other miners have not corrected as much as I expected. I am still waiting for further drops in DROOY (though it came close to my buy target) and GSRSF and PAAS continues to show remarkable strength. I may miss those if they don't correct more, but I have WAY to much GFI so I won't complain if we turn up here. Maybe we don't turn up until the rest of the miners correct?



To: Lucretius who wrote (169363)5/31/2002 8:11:55 PM
From: SOROS  Read Replies (2) | Respond to of 436258
 
I don't know. What are the latest figures? 60 million Americans own mutual funds/stocks and somewhere between 60,000 and 250,000 Americans own some gold and silver. What happens as times get worse (and they will) and say, 10% of those 60 million decide they want to own some gold and silver (and they will)?

Have you been keeping up with the news behind the news as far as troop movements and deployments to the Middle East? America is rapidly readying for a massive (probably in excess of 200,000 soldiers) attack on Iraq. Iraq knows this by their intelligence statements. Saddam has been preparing for this for a long time now. The WTC event was simply a test, IMO. There are basically two scenarios -- US attacks Iraq and Islamic terrorists detonate weapons of mass destruction in America or Iraq detonates first and America immediately uses several smaller nuclear weapons to completely wipe out most of the population of Iraq. Does this end it? Not a chance, because this is not a war against Iraq or Iran or Saddam or Arafat or Bin Laden. It is a war against Islam. Islam declared this war. The terrorists are all Islamic. They are from ALL the Arab countries. They are funded from ALL the Islamic nations -- including Saudia Arabia (two-faced cowards). At the same time, they are spending money on American TV and radio to advertise tourism. I have to throw up before continuing. How ignorant are American companies? How much do they love the almighty dollar? The media is taking money from the SAME people who are funding the terrorists and NOT reporting the truth about Islam in part because of this. Until America and its political correctness (makes me want to puke) tells the American people the truth, the American people will not be prepared for what is coming. Unfortunately, IMO, under the watch and morals of Clinton, America allowed this to happen. She traded her very soul and freedoms for a buck and a good time. IMO, there really is nothing that can stop this war now.

I view this in a prophetic way. Those who do not, see a terrible time, but the world going on. If I am right, gold will soar, but you will not have very long to spend it. If I am wrong, gold will soar, and you will be a rich man if you do not get taken out in the terrorist devastation that is coming. In that case, eventually America will rebuild (after having obliterated the entire Middle Eastern Islamic nations), but it will take some time.

My view is, if you have any money in gold, put more in -- you can't lose.

I remain,

SOROS

p.s. XRAY glasses would scare you to death if you looked at the mosques that are in America right now.

p.p.s. All the above is the ranting of a crazy bat lover. Pay no attention.

p.p.p.s. Just in case, I'd have some potassium iodide tablets ready.

p.p.p.p.s. There also seems to be a little problem in India as well.



To: Lucretius who wrote (169363)5/31/2002 9:02:30 PM
From: Roads End  Respond to of 436258
 
Hold grasshopper. -g-



To: Lucretius who wrote (169363)5/31/2002 9:47:03 PM
From: TobagoJack  Read Replies (1) | Respond to of 436258
 
Hi Luc, I believe trading out of non-core Au position is OK (the juniors, little guys, the SAficans, etc) and selling the precious unhedged core perhaps not.

OTOH, shorting any of above would be brave, like shorting Amazon 36 months ago.

Gold, the physical, is just another kind of money, and its time has arrived, simply because the USD has out stayed its welcome.

Message 17537519

Chugs, Jay