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.

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

To: Snowshoe who wrote (24040)	10/9/2002 1:33:13 AM
From: smolejv@gmx.net	Read Replies (1) \| Respond to of 74559

Hi Snow, thanks for your input - did not know about demand. But if it's (spot) demand, why should miners suffers the same way? Looks pretty much like sustained profit taking to me. Seen the US dollar too, but just did not make sense, especially in view of different turning points (July vs 2 3 weeks ago). The latest entries at Subject 53012 are into this subject. Diagonally read, one explanation could be lemmings crowding into the tech buys of their lives (QCOM here we come!). But, if they're buying, it sure does not look like they're in NAZ <:RegZ dj

To: Snowshoe who wrote (24040)	10/9/2002 4:40:06 AM
From: Maurice Winn	Respond to of 74559

Hmmm, good point Snowshoe. Now that Sudden Wealth Syndrome has gone, I suppose the number of people ordering solid gold doorknobs on their new houses, gold chains, gold bumpers on their Lexus and gold this that and the other, has dropped precipitously. Maybe disposable wealth previously going to gold is being held in reserve in case some groceries and rent are needed. Anyone bought any gold doorknobs or Aztec artifacts lately? Maybe gold buying is more usually a display of wealth than a defence against poverty. Therefore, contrary to the woebetide-us crowd who expect flight to gold, there is actually flight from gold as people cash in their grandmother's fillings, wedding ring and doorknobs. Anyone bought any gold doorknobs or Aztec artifacts lately? Mqurice