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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: Dave Gore who wrote (7662)	6/6/2002 9:53:02 AM
From: clutterer	Read Replies (1) \| Respond to of 16631

cnbc biggest cheerleaders around, they sicken me, market goes down they cheerlead, market goes up they say everything is overpriced, rah rah sis boom bah, wonder why kramer and maria aren't standing in fron the sec the way they used to pump and dump tag team

To: Dave Gore who wrote (7662)	6/6/2002 11:26:37 AM
From: The Vet	Read Replies (1) \| Respond to of 16631

Maria Bartaromo - she has become the perfect contrary indicator... Of course jewellery demand is down... All of the manufacturers, (who forward hedge their purchases) are working off their inventory and their hedges, and are not replacing either just in case prices drop. However retailers use the higher price of gold to jack up the price of their stock in order to make a quick buck. Jewellery continues to sell and if the price doesn't fall then there will be a scramble to replace stocks once they get too low. Also just check how the retailers price jewellery. The actual amount of 24 carat gold in each item has only gone up a few bucks at the most. The gold content is always less than 50% of the price in jewellery sold in western stores (in most cases for 14 carat and less junk, less than 10%) but the retailers use the excuse of a POG increase to add a huge unwarranted premium to their stock.