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

To: SliderOnTheBlack who wrote (20738)	10/27/2002 12:01:28 AM
From: longdong_63	Respond to of 36161

slider.."...the major problem we (Goldbuggers) will face imho (vbg) - is to exercise the patience necessary to get that final 90% $-valuation move that traditionally occurs within the last 10% timeframe of the cycle - when we enter that parabolic speculative updraft." Yep...and I will have that problem the whole time. Sometimes I wish I never learned TA because it can blind you on that last 10% of the run. Throw it out the window and move the stops up with plenty of breathing room. That's my plan...any ideas are welcome.

To: SliderOnTheBlack who wrote (20738)	10/27/2002 2:05:46 PM
From: pogbull	Read Replies (2) \| Respond to of 36161

China's might will be felt as producer, not a consumer That country is already forcing down prices of consumer products <<...I'm willing to bet big time that when you woke up this morning, trade with China was not on your mind. Give me a minute and I'll tell you why it should be. This is one of those big stories that is going to have repercussions for consumers and our economy as a whole for years to come yet it's just starting to come on the radar screen of the mainstream media. Conventional wisdom says that the opening of the Chinese economy would release billions of new consumers for the world to sell to. I think we got it wrong. The opening of the Chinese markets has meant that the Chinese economy will produce the manufactured goods for the world's consumers and in the meantime export lower prices around the globe. The Chinese economy is on track to grow 8% this year, which makes it a world leader. Much of that growth comes courtesy of a 25 per-cent jump in exports. Now here's the thing, not only is China exporting to the world but it's receiving billions of dollars of western investment capital to help increase it's manufacturing capabilities. In 2001 China received $47 billion US in direct foreign investment in the manufacturing sector and is on track to surpass that mark this year. So obviously it is draining investment capital from western producers but that's not all. China has increased its share of Asian exports by 50% in just the last year but the most notable impact is that the exports are putting downward pressure on prices on manufactured goods around the world. With the exception of South Korea, all of Asia is experiencing deflation and exports the reduced prices for manufactured goods worldwide. That's great for consumers but it puts tremendous price pressure on competitors, especially in the high-dollar States. For example, Maryjo Cohen, president of National Presto Industries, a manufacturer of pressure cookers, griddles and other kitchen appliances in Eau Claire, Wisconsin, offers a vivid illustration of the ramifications of China's growing export presence. Between 1998 and 2001, total U.S. imports of low priced household cooking appliances from China more than doubled to $640 million. In order to compete, National Presto was forced to reduce the price of its griddles from $49.99 to $29.99 in just three years. Like so many other manufacturers, National Presto decided early this year that in an effort to keep prices low it would shut down higher cost plants in Mississippi and New Mexico and instead expand production in China...>> canada.com{37485C86-0 2CF-4DC8-BBC9-99C0660D005B}