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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (21615)	7/27/2002 5:32:52 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

Jay, good morning to your Sunday somnolence. <Yesss, the virus is now within you, incubating, evolving, multiplying, and taking hold:0)> So far, I feel no effects. I'll wait and see how long it takes to develop. Zero progress so far, as much as I can tell. <Certainly do it before hundreds of thousands like other threaders click on their mouse and move blibs of cash through the transformation interface, converting into digits of specie.> So far, I am winning the race by doing nothing. Gold has dropped nearly 10% and since the spread they quote is so large, I'd now be about 20% down the gurgler if I'd been seduced in the tawdry Johnson Matthey office. My Q and US$ are doing just fine by comparison. Gold is just another object of increasing or decreasing value depending on supply and demand. With the production cost well below the present cost, I don't want to be the buyer of last resort. Easy to say, you say, when it's fallen again and the true fear in the markets and big wide world haven't become serious and people still think their wealth effect feelings might return; when the reality dawns, things will be different and inflation will as always do its work and reprice gold, oil, steel, fish and other stuff to the newly inflated level. While it's true that inflation will have its wicked way when the deflationary financial market clearing is done and people get back to work and the ancient verities of life, I have expected that for years and will position for it at the right time. But it won't be in gold. It'll be in CDMA, It and CDNA [TM]. I have planned that move, with timing depending on the script timing, controlled by others [they are a couple of years late], which I have expected for years now. It's like a tide. It comes and goes. It was obvious that there would be a market crunch, with danger of deflationary implosion, but that it would be held to a stable descent by Uncle Al rapidly printing and cutting interest rates. So far, that's exactly what happened - I was most nervous about the first few months as it might have just collapsed like a stack of cards, with level collapsing on level like the WTC implosion. Soon, [a year or so I guess], the collapse will have been accepted and the next phase will begin = the rapid increase in interest rates, the rise in share prices and the growth in global economies and return to profit and hope. At that time, borrow like crazy, despite the rapidly increasing interest rates, buy shares in CDMA, CDNA and It and ride the wave. Gold will be left to Aztecs wearing sandwich boards, calling for the end of the world - probably lonely on a high mountain. Mq