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To: goldsheet who wrote (94479)	4/9/2003 2:20:56 PM
From: ild	Respond to of 116845

Bob, unfortunately you are right (as usual) Gold, at least as represented by gold stocks, has no institutional constituency of size. The entirety of Newmont might be a decent portfolio position split up among maybe five large equity mutual funds. We have to be aware that at least for now, gold stocks are among the smaller traders' province. And that includes the loyal and absolutely long term focused modern day hedge crowd. It's from a piece on gold ContraryInvestor.com recently had : #reply-18795658

To: goldsheet who wrote (94479)	4/9/2003 2:34:23 PM
From: long-gone	Read Replies (1) \| Respond to of 116845

<<You may not like that fact, but you must accept reality grasshopper. >> Sounds like you're saying that people must simply blindly accept the fact their(major) investment management is mostly made up of short sighted idiots... Are pensioners being screwed thrice? First by the lying companies, 2 by the liars on Wall Street who hawked the tripe(cough cough gag gag vomit) "investments", lastly by the fund managers who are lazy overpaid louts - who never plan to do an honest days work in their entire life? "THREE CALIFORNIA PENSION FUNDS SUE WORLDCOM AND INVESTMENT BANKS FOR FRAUD; SEEKING $318.5 MILLION IN RECOVERY FROM EXECUTIVES & UNDERWRITING BANKS SACRAMENTO and LOS ANGELES, CA—Three California public pension funds, representing $275 billion in assets, today announced a joint lawsuit to recover losses against WorldCom executives and the major underwriters of WorldCom bonds issued in May of 2001. "... calpers-governance.org Pension Funds Won't Change Strategies After WorldCom By: Dow Jones Newswire Wall Street Journal, June 29, 2002 "LOS ANGELES (AP)--Public pension funds across America were stung by millions of dollars in losses from the recent debacles at Worldcom (WCOME), Enron (ENRNQ) and other companies, but their managers say they have no immediate plans to change strategies. ..." globalaging.org

To: goldsheet who wrote (94479)	4/9/2003 5:59:58 PM
From: re3	Read Replies (2) \| Respond to of 116845

<<<Gold stocks remain somewhere between a offbeat niche investment (always speculations, IMHO) and a refuge for outright lunatics, conspiracy theorists, self-promoters, and folks off their medication. - Do you not at all take seriously the possibility of an Islamic Dinar ? A country backing their currency with gold at some point ? - are you sure about what pension funds invest in ? i happened to do some temp work for a major pension fund up here years ago, the manager (he actually contracted out the stock selection to different firms) acknowledged to me there was "some exposure" to Bre-X...and I think Canadian funds would invest some in TSE index funds... - Bre-x was actually included in one of the TSE indexes...imagine, including a stock that hadn't sold a nickel of merchandise...a broker once had a map of Indonesia on his wall...that was reality less than 10 years ago...

To: goldsheet who wrote (94479)	4/10/2003 3:17:04 PM
From: Real Man	Respond to of 116845

"a refuge for outright lunatics, conspiracy theorists, self-promoters, and folks off their medication." LOL! How did you know? Old relic, old useless relic... Don't mind having a ton of it, though -g- Aghh. I think it's not about the yellow dog, it's about the dollar, and the world currency. Gold always rallies when the dollar falls.

To: goldsheet who wrote (94479)	4/10/2003 10:30:02 PM
From: paul ross	Respond to of 116845

>>>and a refuge for outright lunatics, conspiracy theorists, self-promoters, and folks off their medication.<< This also describes our GPM thread, too.