Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: d:oug who wrote (89141)	8/31/2002 6:39:43 AM
From: d:oug	Read Replies (1) \| Respond to of 116954

(1 of 2) * GATA NEWS * . Dear Friends of GATA and Gold: . GATA was mentioned prominently again today in Thom Calandra's commentary at CBS.MarketWatch.com. Our message is getting around in a big way. That commentary is appended here. . CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. * * * THE DOW DESERVES TO BE TOAST By Thom Calandra, Editor CBS.MarketWatch.com Thursday, August 29, 2002 ... ... believers had best stop reading now. . Schaeffer sees the Dow as a "stupid" product of a long-gone age, when a... somehow represent[ed] the entire American stock market. . The Dow is a... index, unlike other major gauges, such as the Standard & Poor's 500 Index. Essentially, that means that stocks with... wield enormous influence. Right now, there is one stock that is holding up the Dow: the only one with a price above... ... "I get a chuckle about everyone getting so excited when the VIX made it to the 50s" in the July sell-off, he says. "They figured that was plenty scary, and a good sign that we had reached a bottom." Nonsense. The VIX [was] back-tested into the rough waters of 1987. In October that year, during that horrible week of selling, the fear gauge hit 175. The indicator Thursday morning, as the Dow resumed its inevitable sell-off, was an easy... "October '87 gives you an idea of what true panic really is," ... ... [Dow] beating the S&P 500 by more than 15 percentage points -- is "curious." Does Schaeffer believe in market manipulation? "I'm not going to go as far as Bill Murphy and the gold folks about that subject," Schaeffer says, referring to the chairman of the Gold Anti-Trust Action Committee and a growing belief that commercial banks and governments work behind the scenes to inflate paper values and deflate hard assets, like gold. "But if you are going to manipulate an index, it would be the headline index." . Schaeffer sees gold -- and gold mining stocks -- as... ... No wonder no one listens to Wall Street these days, Schaeffer says. . The veteran stock market researcher's views can be found online at SchaeffersResearch.com. -------------- Thom Calandra is editor of CBS.MarketWatch.com. -END- . groups.yahoo.com group gata message 1215

To: d:oug who wrote (89141)	9/2/2002 7:04:44 AM
From: d:oug	Read Replies (1) \| Respond to of 116954

* GATA NEWS * GATA NEWS * GATA NEWS * . Dear Friends of GATA and Gold: . 1. [TheMiningWeb] has an important report about the gold market and the relative exposure of the major mining companies to a rising gold price. (see) groups.yahoo.com group gata message 1217 2. That TheMiningWeb.com report [above]has a comment from J.P. Morgan that is implicitly bullish for gold -- a comment that the establishment of new short positions is deemed unlikely... [check out] TheMiningWeb.com's accompanying story about Placer Dome, "Placer aids gold price and vice versa"... (see) groups.yahoo.com group gata message 1218 . CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc.