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To: Zardoz who wrote (86586)	6/7/2002 8:28:02 AM
From: E. Charters	Read Replies (1) \| Respond to of 116832

Keep hopin'.

To: Zardoz who wrote (86586)	6/7/2002 9:57:34 AM
From: long-gone	Respond to of 116832

The DOW has it's own problems.

To: Zardoz who wrote (86586)	6/7/2002 10:20:39 AM
From: lorne	Read Replies (1) \| Respond to of 116832

........." Gold's gotta Die so the Dow can survive! "...... Why can't they both survive?

To: Zardoz who wrote (86586)	6/7/2002 10:52:18 AM
From: long-gone	Respond to of 116832

The market & corporate America must fix its own problems, people are also investing heavily in paying of their homes / 2nd homes buying additional property. This is about a lack of trust for Wall Street(includes much of banking now that they have so much merged) & broad corporate accounting. Put together just 7 trading days where the public doesn't hear the word "fraud" tied to any public traded company or brokerage & the stock buyeres will be back - but you should't even try to think people should be stopped from diversifing into P.M.s as a % of their wealth. The heavy stock buyers may never be back as they were before, not for a generation. People have a very long memory when they've been cheated out of BIG money. Chances are against you living long enough to ever again see another stock mania as that the 90's & 2000. Currency trader accused of hiding dlrs 691 million in losses, indicted on fraud charges Wed Jun 5, 7:38 PM ET By BRIAN WITTE, Associated Press Writer BALTIMORE - A currency trader accused of hiding dlrs 691 million in losses was indicted on fraud charges Wednesday in the world's biggest banking scandal since a lone employee brought down England's Barings Bank. John Rusnak, 37, ran up the losses at Allfirst Financial over five years, mostly from trading the Japanese yen, and dug himself a bigger and bigger hole as he tried to recoup his losses by taking ever-larger risks, investigators said. (cont) story.news.yahoo.com States sue Bristol for patent fraud Wed Jun 5, 6:13 AM ET Julie Appleby USA TODAY Twenty-nine state attorneys general filed a lawsuit Tuesday against Bristol-Myers Squibb, alleging that Bristol fraudulently obtained patents on its expensive cancer drug Taxol to keep lower-priced generics off the market. (cont) story.news.yahoo.com SEC Powers in Fraud Cases Beefed Up Mon Jun 3, 7:43 PM ET By GINA HOLLAND, Associated Press Writer WASHINGTON (AP) - The Supreme Court united Monday in beefing up the Securities and Exchange Commission (news - web sites)'s authority to police fraud by stockbrokers. The court cleared the way for the agency to pursue a former Maryland broker accused of taking $343,000 from an elderly investor and his mentally retarded daughter.(cont) story.news.yahoo.com Former Goldman Sachs partner sentenced in fraud scheme Tue May 28, 7:57 PM ET NEW YORK - A former partner at Goldman Sachs & Co. has been sentenced to four years in prison for losing more than dlrs 70 million and then hiding the losses from investors through fraud.(cont) story.news.yahoo.com FBI Agents Plead Not Guilty in Elgindy Stock-Fraud Case Tue May 28, 2:24 PM ET By: Michael Rapoport and Carol Remond Dow Jones Newswires NEW YORK -- Two Federal Bureau of Investigation agents pleaded not guilty Tuesday to charges that they helped a well-known short-seller manipulate stocks by feeding him secret FBI (news - web sites) information.(cont) story.news.yahoo.com

To: Zardoz who wrote (86586)	6/10/2002 8:10:22 AM
From: long-gone	Read Replies (1) \| Respond to of 116832

<<Gold's gotta Die so the Dow can survive! >> No, (IMO) the DOW & gold can coexist in peace & harmony. Seems the real rub comes in with the speculative techs and gold trying to exist at extreme high valuations at the same point in time. The only way Wall Street could drive the techs to P/E's of(extremes) 10k+ was to kill all diversification & this included gold. Sure, the DOW hits may continue but not the broad DOW, pushy tech parts of the DOW might be seen to include MSFT INTC IBM HPQ SBC & a perhaps a part of UTX - and these are all REAL companies with real earnings. Should the DOW be +5/30 tech? Will the DOW still be +5/30 tech in the next 24 months? But the real point is the speculative techs, they must become as universally hated as they were loved and in the process their alter-ego (GOLD) must become as universally loved as it was hated. Then, and only then, has the correction run its course & the pendulum can begin to swing back the other direction. Beware though, this pendulum does not swing smoothly, but with fits & jerks & even partial reversals, but the entire path will be touched. Can you live with a 10-20 year overall up cycle in gold?