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 : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: bcrafty who wrote (58109)	10/31/2002 12:52:10 AM
From: Perspective	Read Replies (3) \| Respond to of 209892

I just noted the HUI cycle by eyeballing it. I am torn on the miners. My gut says it's the only bull market around, and that money will continue to rotate there if only because there isn't anywhere else to run to for money that must be in the stock market. However, the historical record seems to indicate that gold price appreciation only takes place when there is no other refuge. With FDIC insurance in place, domestic investors have a refuge in accounts with the banking system. However, the international impact of the deflation is what intrigues me. International demand for gold as a refuge could be substantial if things get much tougher and the dollar bear market continues. Also, it fits my contrarian bent. It's so out of favor for so long, even moderate interest should generate substantial movement. People seem to have quieted down about the whole gold short-selling issue of late. Wonder why that is. Actually seems like the gold carry trade should be under ever increasing pressure as short-term rates plummet, unless the gold carry trade already unwound. I'm finding that hard to believe, however. That gold leasing was a scam played in a big, big way. BC