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

To: yard_man who wrote (26833)	1/27/2003 6:41:57 PM
From: re3	Respond to of 36161

it wasn't so long ago that we were frustrated that the POG couldn't crack $ 330...who knows one of these days we might open up with that mythical lock limit up 50 bucks...then we will have a whole NEW set of worries -g-

To: yard_man who wrote (26833)	1/27/2003 6:45:47 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 36161

<<You haven't even seen what marginal interest in gold as an investment can do.>> Sure I have, I was around in 1980, you young whippersnapper!<G> <<If gold corrects 20 or 30 dollars when the bombs are dropped will that be the premie after the fact?>> Sure, that's what a premium is! Obviously, if things go bad, it's gonna go higher (which is why I still hold some, and hedged with puts rather than shorts or outright sales this time). It's a question of probabilities...I'm not saying there doesn't DESERVE to be a premium right now, the uncertainty is what you're paying for. If we were invading a country where the outcome economically of a war action were MORE uncertain (let's say for fun, we invaded France instead of Iraq), then the "premium" would be even higher, as would the degree of correction should events go down without destruction of the army and/or US economy. That said, maybe invading France ISN'T a bad idea....<G> If it does it within a week or two, then the answer is yes.