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 (24839)	11/1/2002 7:27:30 AM
From: TobagoJack	Respond to of 74559

Snowshoe, I have been considering selling some puts on <<RD>> to accumulate more. Very soon my portfolio will become the absolute antithesis of what Maurice believes in ... sweet oil fringed by Aztec gold, centered around a synthetic bank based on a leveraged hedge fund, basking under various non-QCOM related Chinese shares, highlighted with an odd Mugabe Zimbabwe bet and Musharraf Pakistan wager:0) Chugs, Jay

To: Snowshoe who wrote (24839)	11/1/2002 1:27:02 PM
From: Snowshoe	Respond to of 74559

Correction: The bank on that list should have been IBNK instead of ITRA.

To: Snowshoe who wrote (24839)	11/2/2002 5:21:11 AM
From: maceng2	Read Replies (1) \| Respond to of 74559

Definitely out of the question for the custodial accounts. It's nice to know that at least one person in the world is looking after their clients money in a responsible manner. Meanwhile, us crazed gold bug loonies continue with our plots of world monetary domination -g- Message 18186700 Got Iranian stocks?? payvand.com Iran Financial Times Dated: 15 October 2002 The Financial Time reported, that for the first time since the 1979 Islamic revolution, Iran has experienced a net inflow of capital and gold bullion, drawn by domestic investment opportunities as well as driven by a sense of financial insecurity outside the country following the September 11 attacks on the US. Bankers say the amounts returning to Iran cannot be compared with the outflow of Saudi capital from the US, but probably total several billion dollars over the past year. Official figures have not been disclosed. The fear factor is considerable – of collapsing stock markets but, more significantly, the danger of private assets being frozen by a hostile US government that has branded Iran as part of an ‘axis of evil’. That sense of insecurity, according to one banker, persuaded the Iranian government to repatriate all or most of its gold bullion from the vaults of central banks in Europe. “They were worried that the post-September 11 world order had changed and that it was safer to have the gold at home,” he explained. Central Bank of Iran, after taking several weeks to reply to questions about its gold reserves, eventually said “no comment”. According to official figures, Iran’s gold is valued at around $2.5 billion. Much of that was deposited in the Bank of England, which also declined comment. Bankers suspect that tighter policing of dirty money in the west was also a factor behind the return of some capital to Iran. This in turn prompted the government to start drafting its own first law on money laundering. It is not clear, however, whether a recent decision by the state-run National Iranian Oil Company (NIOC) to move the headquarters of Naftiran Intertrade Co, its external financing arm, from London to Switzerland was driven by politics. Both companies declined to comment. Nonetheless, bankers generally believe that the improving domestic investment climate, fuelled in part by high oil prices, has acted as a powerful magnet for capital that has long flowed in the opposite direction. The CBI has kept the value of the Rial steady against the dollar for the past two years, while keeping interest rates yielding an annual 17% on bonds. The inflow of capital has triggered a surge on Tehran’s stock exchange – one of the world’s best performing but most poorly regulated markets – and a construction boom with soaring property prices. The Tehran exchange saw its trading volume rise by 170% in the six months to September, while the all-share index rose 26%.