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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: nspolar who wrote (15819)	7/16/2002 1:30:32 PM
From: Sharp_End_Of_Drill	Respond to of 36161

Nspolar, I'm almost scared to admit that I share your views on the eventual state of the markets. >>>....as the next leg down is going to rip the heart out of this country. Literally<<< Powerful stuff, there will be great opportunities for those who manage to preserve (or maybe even grow!) capital. Sharp

To: nspolar who wrote (15819)	7/16/2002 1:46:44 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 36161

...PROP JOB & GOLD PULLBACK - "TIMINGWISE"...I think we are about to see the pullback in gold & goldstocks that can be "re-bought". I think the prop job will work temporarially here and they'll get their little counter-trend rally - plugging the dike and praying for more positive economic news they can spin...to keep things afloat. But, I think the consumer is turning and about ready to give up the ghost here. I think fear has arrived and consumer spending is going to collapse. Unfortunately; the under-pinnings of the dollar, the deficit and most importantly - the systemic shocks of what will continue to be an on-going DEBT IMPLOSION - that is putting tremendous deflationary pressures on the system will continue. Sometime between now and October the GOLD re-entry opp will unfold imho and we'll begin the next UGH-LY leg down in the collapse of the bubble. I don't think we're prepared for the severity of part deux of this recession. Is there something between a recession and a depression ? - maybe an "EXCESSION" - ie: a prolonged and deep recession created by speculative EXCESS, misallocation of capital and the corresponding debt implosion ? ...that's where I think we're going... as I hate to use the word "depression" - visions of breadlines etc... don't think we'll have breadlines....but, 10-12% unemployment and consumer spending that slows to nill - may seem like it.