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


To: Clappy who wrote (28471)2/20/2003 9:56:00 PM
From: Jim Willie CB  Read Replies (2) | Respond to of 36161
 
you second-guess yourself about 15 times, no conviction
of course there are no gaurantees
but there are several big big obstacle forces
like Kondratieff Winter well underway

in 1930 the gold standard was destroyed
do you really think the indebted bloated debased flooded dollar will survive?

its demise is gauranteed
GAURANTEED

lower rates beget a slower economy and even lower rates
Europe is slowing down, and their clumsy ECB speaks about reduced inflation risks
the world banking and currency systems are being leveled
no gaurantees?

heck, sure there are
like destruction of the currencies by central bankers
some clowns like WonderBoy believe far far far too much in their ability to save the day

if the Fed had power, why have 11 rate cuts failed?
why is the trade gap widening with a falling dollar?
why is Chinese surplus equal to new money supply creation?

the system is breaking right under your nose
central bankers have a very bad history
faith in their methods is very misplaced

you were not into gold at the best time 18 months ago
you will not be in gold at the next upcoming best time either

you second guess yourself more than a teenager at his first dance
I am not sure you should invest your family's money at all
/ jim



To: Clappy who wrote (28471)2/20/2003 10:01:12 PM
From: Square_Dealings  Respond to of 36161
 
good post

There's a gap at 326.20 (April gold) that might just have your name on it :)

M.



To: Clappy who wrote (28471)2/20/2003 10:50:17 PM
From: chojiro  Read Replies (2) | Respond to of 36161
 
I got four letters for you.

QCOM

:)


Wow! considering you mention in the same post you're taking off your LTBH cap and wearing your trading cap
Should we assume your QCOM tip is for trading?

If not, I'll wager wit you that POG will out perform QCOM between today's close and EOY.
Say 1 oz of gold?

Think about it.
That's pretty good odds for you.
Closing price today on Qcom is $34.7
POG $353



To: Clappy who wrote (28471)2/20/2003 11:52:59 PM
From: SliderOnTheBlack  Read Replies (2) | Respond to of 36161
 
[I see several dudes racing to become the next George Gilder
of Gold. And I see the same people who flocked to read
the great wonders of technology all of a sudden begin seeing nothing but yellow these past few months."]

...right on the money.

I like the Gilder analogy.

Good to see more & more people recognizing the mass arrival of the flavo-flav du jour, mo-mo players here of late...or as Sinclair likes to refer to them -

"those new to the gold story"

(read late to the party)



To: Clappy who wrote (28471)2/21/2003 12:27:00 AM
From: lisalisalisa  Read Replies (1) | Respond to of 36161
 
one thing I just don't get is how can there be all these J6P’s jumping into gold stocks (or so we are supposed to believe), yet all the gold stocks combined still have a smaller market cap than GE? Are we really to believe J6P is avoiding the stocks and mutual funds to buy futures?…give me a break.

Gold mutual funds had almost no inflows over last 3 years (despite gold being the best sector during this period). Almost all the increase in gold mutual fund capital came from the appreciation of the stocks.

As Schaeffer noted in contrast, the average tech fund was down 47% last year, yet money invested in said funds was only off 24%, meaning people keep chasing the tech dream.

Many of the people who are now calling gold a bubble in my estimation (not you slider) never saw it coming in the first place. It went from a 22 year bear market where one justified not buying gold because it 'obviously' sucked as was evidenced by it's past 22 year price action, to being in a bubble analogous t the great tech bubble in 1 year. So now those who were not in early are saying 'it is too late'....

classic wall of worry IMO.....