SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: smolejv@gmx.net who wrote (20202)6/25/2002 6:31:59 AM
From: TobagoJack  Read Replies (2) | Respond to of 74559
 
Hi DJ, << re Pt>> my mind is made up and so stop trying to, as I do with Maurice, confuse me with the facts.

<< … Mugabe disowns white farmers. Gives them 45 days to get lost>> Mugabe, and every other leader in the world, especially those answerable to crowds, did the predictable and short-sighted thing, making changes to the script left by history.

Had there been any Vatican-owned church property left in China, they would have been confiscated as well. Hey, guess what, they were, along with the AIG headquarters and Shell House in Shanghai.

The mess of white farmers in the land of blacks is not a black/white problem, but a white & black issue. The predictable resolution falls under the sub-heading of “Just Is”, immediately after “Right” and “Wrong”.

The Just Is principle is not making great headway in the Middle East because the crowds on many sides do not know which IS is, and so they fight, often to the death. How else do we explain, after closing our eyes for 10 seconds of quiet reflection, why some 18-year olds decide to forego the 62 years of life and laughter, to kill other 18 year olds, and other 18 year olds decides to lob arsenal at school children less than 18 years old?

Maybe the explanation is that there is no laughter?

Progressing from confiscation of farms from Farmer Smith to nationalization of mines from Impala Platinum require several more orders of ‘necessity’, and in my judgment (or guess) for the ZIM bet, absent.

Besides, the closing price today is 10% above my yesterday’s average cost, on three times the average volume. My faith in the equity market has been repaired slightly, especially on Barron's affect on an obscure and thinly traded Australian stock of a Zimbabwe company:0)

Marc Faber certainly has a sense of humor.

Regarding the Yen, yeah, maybe you are right, and I ought to be careful and not short until 82-to-1. It is after all only money left on the table belonging to no one else in particular, except S2B, who may take offense at being taken advantage of yet again.

We will see. I am a coward in the dark after all;0)

Chugs, Jay



To: smolejv@gmx.net who wrote (20202)6/25/2002 8:02:43 AM
From: TobagoJack  Read Replies (1) | Respond to of 74559
 
Hi DJ, we learn more ... Besides IMPAY, Aurion Gold of Australia, soon to be part of Placer, also owns a chunk of ZIM. South African, Australian and Canadian interests will hopefully keep Mugabe honest, for the benefit of Trinidadians in Hong Kong:0)

Chugs, for today may not be a DDGU day, Jay

miningweekly.co.za

Zim platinum miner's stock rises

--------------------------------------------------------------------------------
Shares in Zimbabwe Platinum Mines (Zimplats) rose more than 10% on the Australian stock market on Monday as more investors took a shine to rising platinum prices, brokers said.
Zimplats closed up 14 cents, or 10,7%, at A$1,45 in a weaker overall share market.

Zimplats, which expects to produce about 100 000 oz of platinum next year from its deposits in Zimbabwe, is 21% owned by AurionGold.

July platinum futures traded to a contract high of $572 an oz on Comex last week before recoiling by $6.40 on Friday.

"Platinum is looking good and that has to be a benefit for Zimplats," said a broker.

Zimplats also expects its mines to yield around 100 000 oz of sister metals palladium and rhodium.

Globally, the jewellery industry consumed 2,55-million oz of platinum last year, industry figures show.

Platinum is also widely used in pollution-controlling catalytic converters fitted to diesel and gasoline-engined vehicles.

Platinum demand hit a record 6,15-million oz in 2001, led by a one-third increase in demand from catalytic converter manufacturers and greater use of the metal in the glass, petroleum and dental sectors, metals refiner Johnson Matthey said.

Canadian gold miner Placer Dome last month launched a hostile take-over bid for AurionGold, but said at the time AurionGold's stake in Zimplats was peripheral to the offer.

– Reuters.



To: smolejv@gmx.net who wrote (20202)6/27/2002 8:59:01 AM
From: TobagoJack  Read Replies (1) | Respond to of 74559
 
Hi DJ, re <<Pt ... Mugabe>>

ZIM up another 7.1% today, or 31% above buy price, or up 31% of a platinum watch.

Tomorrow may be harvest day, and then bye bye Mugabe, to be left as someone else's problem.

DDGU tonight, hopefully, Chugs, Jay