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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Arizona997 who wrote (106110)	6/2/2002 7:12:03 PM
From: Jim Bishop	Read Replies (3) \| Respond to of 150070

I see that, but I believe they read the post wrong as I don't make any predictions like that. I do remember someone saying that, but can't find the post now. stockprowler.com <"As Jim Bishop, originator of the popular SiliconInvestor.com message board, Golden Lists, stated recently with reference to the India/Pakistan conflict… “one nuke and $1000/ounce for gold is not that outrageous”.>

To: Arizona997 who wrote (106110)	6/3/2002 1:11:55 PM
From: Jim Bishop	Respond to of 150070

Ooops, I was wrong...I'd forgotten that I had posted that on RB on Friday night, after the hockey game. I was actually repeating something I'd read somewhere else, but didn't reference who as I couldn't remember who said it, or where I read it.

To: Arizona997 who wrote (106110)	6/3/2002 2:54:37 PM
From: Jim Bishop	Read Replies (2) \| Respond to of 150070

VANCOUVER -- Veteran gold bug Jim Dines says he was once called "a moron" by U.S. Federal Reserve Board chairman Alan Greenspan for predicting that gold would break out above $35 (U.S.) an ounce -- now he's calling for $1,000. "He has never come back and apologized," said the San Francisco newsletter writer as he recalled a conversation that occurred in 1964 while he and Mr. Greenspan were watching Barry Goldwater campaign for the U.S. presidency. In spite of Mr. Greenspan's misgivings, Mr. Dines was essentially proven correct, although it wasn't until 1980 when the Iran hostage crisis and Soviet invasion of Afghanistan sent gold soaring to $850 an ounce. Nearly 12 years later, the man who is often called the original gold bug is forecasting that mass fear caused by an event such as a terrorist attack could drive the gold price over $1,000 an ounce. "Maybe by a lot," said Mr. Dines as he prepared to share his so-called "Dinesisms" with 150 well-heeled investors who are prepared to pay $450 (Canadian) each to attend his one-day seminar in Vancouver today. Mr. Dines, who publishes The Dines Letter and prides himself on being ahead of the pack, said he turned bullish on the yellow metal two years ago just before the collapse of the tech-stock bubble and long before the Sept. 11 terrorist attacks. At that time he advised his subscribers to switch out of dot-com stocks and into gold and other precious metals such as platinum and palladium. "We are in the very earliest stages of one of the great [gold market] booms that I think is going to be bigger than the Internet," he said. He also insisted that investors should not be deterred by the fact that investors were being advised to take some profits off the table before yesterday's $1.50 (U.S.) increase in the gold price to $326.55 an ounce. "Killings and fortunes are going to be made on this one." Mr. Dines said the signs of what is to come are already showing up in North American stock markets in the form of "doubles and triples" in the price of some junior gold stocks. Traditionally a haven in times of uncertainty, he said gold is regaining that role amid fears that religious wars in regions like the Middle East could spark another terrorist attack, possibly in the Manhattan area. The fact that investors are bracing for such an event became obvious two months ago when the Dow Jones industrial average dropped 150 points after a plane slammed into a skyscraper in Milan. "The buying just dried up," said Mr. Dines, adding that when the incident proved not to be the work of terrorists, stock prices quickly recovered. Meanwhile, he said the new bull market for gold is also being fuelled by fears of a crisis in the banking sector, which, according to Mr. Dines, is vulnerable to the recent collapse in technology and telecommunications stocks. Investors, he said, can prepare to profit from these events by taking positions in large blue-chip gold stocks like Newmont Mining Corp. and Anglogold Ltd. However, Mr. Dines insists that the big money will be made by people who invest in mid-tier and small-capitalization gold stocks that he declined to name. "I'm a little cautious about giving blanket recommendations," he said. During an interview in Vancouver yesterday, Mr. Dines described himself as a typical "think tank" type of person who usually rises at 5.30 a.m. each morning to watch the market opening and likes to "make a small fortune as often as I can." "I'm really into my own head," he said. He got into stock analysis 30 years ago after taking a tour of the New York Stock Exchange while he was waiting to be interviewed for a job at a Manhattan law firm. "I'm not interested in being balanced, or positive or constructive," said Mr. Dines, who claims to relax by analyzing stock market psychology. "I think they are terrible ideas and they corrupt whistle blowers. I'm definitely a whistle blower."