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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?


To: Peach who wrote (2653)7/31/2002 12:30:44 PM
From: marcos  Read Replies (1) | Respond to of 8273
 
Made me feel better too, until i reflected that kitco is always full of articles just like that, a 'bug can spend an hour there and get the same effect as shaking up three prozacs in his pint of scotch and chugalugging the lot, makes you feel great for a bit, until you fall over sideways .... the same articles were there right through the gold bear, for instance if memory serves Ted Butler has called for an eleven-bagger in the price of silver next week ever since William Jennings Bryan enthused him with its prospects during the first Roosevelt administration [did you ever hear about Baum possibly having written The Wizard of Oz as an analogy on the bimetallism dispute? - there's a net page on it ... see, some things are eternal] ..... so it is good to examine assumptions periodically, from the ground up, just to check their foundations for rot

I'm assuming that we're about a year or better into a secular gold bull, having completed twenty-one years of a bear, and that the weakness here is largely seasonal, partly just a natural retracement and consolidation of the gains of this last winter and spring ...... however, if the Powers That Be decide to tank gold to save the house of Morgan and/or their own political hides and/or whatever, they could make a double bottom in gold back to 252 wham, and all the little high-leverage plays dear to my heart would be worthless from a NAV standpoint, poof and they would go no-bid ..... so that's the risk, as in the case of most risk it is political risk essentially, and with politics it never pays to be too sure

A word to the wise regarding EC - he will persist in using the politically correct term for my trees, could be the fr. influence perhaps, the Fear of Liberals under which they are forced to live backeast, or just an innate obstinacy, i don't know, but in any case he continues to refer to them by the name popularised by the spanish, 'avocado' ... now we really don't understand why the spanish put silly names on things ['abocado', pronounced the same way to english speakers, means 'soft to the mouth', obviously the namer did not first get bonked on the head by a green one from far up], perhaps they were hard of hearing, or a little thick, or stuck in old habits, or something - there are various theories - but for some reason their influence extends even to this day, even to Spadina in Trawna, as you can plainly see ..... i think you'll agree with me that we the maya, whose ancestors invented this tree and named it much more appropriately considering the shape of its fruit, have a far greater natural right to expect it to be referred to by the name we use, aguacate, 'the testicle tree'

But he does know a thing or two on gold mining