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

To: LLCF who wrote (27695)	2/7/2003 1:32:12 PM
From: Mike M2	Read Replies (1) \| Respond to of 36161

DAK, a subtle but important distinction Dr. Richebacher has not explicitly stated a position on gold pro or con in his letters that I have read since 1997. Some years back he mentioned the gold carry trade. He has been a steadfast US$ bear and gold does move inversely to the $. It would be nice to hear his views on the gold market -try posting to Doug Noland at Prudent Bear . mike

To: LLCF who wrote (27695)	2/7/2003 5:30:18 PM
From: yard_man	Respond to of 36161

in the latest interview it sounded like for Prechter it was a matter of timing and the lack of traction for a "re-inflation" effort being too late and too little compared to the collapse of debts as we know them. Prechter isn't really bearish on gold -- he is intermediate term agnostic and bullish in the long term (e.g. doesn't like the shares, but likes the metal) -- if I understood his latest interview correctly ... I wish Puplava hadn't been so darned focused on gold when he interviewed Prechter -- I would have like to have heard more concerning other commodities as well. Looking at $XNG, $XOI and $HUI -- they are all similarly discounting a "return to earth" for the underlying commodities -- disbelief in sustained rises. I find this to be interesting and wonder why all three are in the same pattern generally -- I know there are considerable differences we can talk about, but they are alike in the intermediate term with respect to this.

To: LLCF who wrote (27695)	2/10/2003 2:29:54 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 36161

Prechter sees bonds as beneficiary during crisis he doesnt anticipate an uptick in yields across the entire maturity curve I do Sinclair does also, and his vote is bigger than liloleme you cannot have a dollar crisis party, and avoid a rising longbond interest rate that will send Trez money right out the door AND INTO GOLD, I EXPECT !!! dunno why Richebacher doesnt mention gold my guess is he loves gold, but doesnt talk about reco's Austrian School of Economics deals with... well, ECONOMICS / jim