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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: SOROS who wrote (1494)	7/5/2002 10:43:24 AM
From: Jim Willie CB	Respond to of 89467

please... "Ah, but this [God] is for another thread" / jw

To: SOROS who wrote (1494)	7/5/2002 12:13:34 PM
From: Jim Willie CB	Respond to of 89467

golds probably rise best after bigbad Dow plunge, AFTER if it repeats the path in 1929-1932, we should see all stocks suffer from the liquidation drain throughout the entire stock market then with the Dow bounce comes a miners bounce also then with Dow retesting lows, dithering, doubting, with perhaps lower lows, more drifting, lost confidence setting in, etc... the miners take off, as does gold Homestake Mining rose about 1000% (10-fold) but not until after the worst initial drop with plunges comes a liquidity airpocket of severe magnitude also, confidence in all things stock-related suffers here is a good post with reference to 1930's from Drilling II / jim Crusty: I'm inclined to agree with you re: the Dow drop/gold soar scenario -- the sharp drop in the general market and USD sure didn't help the gold complex in June. Here's an interesting chart of the Dow vs Homestake I had bookmarked: gold-eagle.com HM experienced the dive in '29, but rose steadily during the ensuing Dow bounce and final decline that lasted until '32. Interestingly, the bulk of HM's gains were made as the market recovered the next several years. Regards, Rainier