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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?


To: Silver Super Bull who wrote (9771)4/15/2003 8:55:01 AM
From: Silver Super Bull  Read Replies (1) | Respond to of 39344
 
**OT**

I was looking through the new Fortune 500 list and was stunned to see how low the market caps of General Motors and Ford are.

GM, #2 on the list with $186B in sales has a market cap of $17.9B. Ford, #4 on the list with sales of $163B has a market cap of $12.4B.

To me this is pretty scary, especially when the auto industry is coming off of a long boom, with sales still pretty close to all-time highs.

DB



To: Silver Super Bull who wrote (9771)4/15/2003 10:03:36 AM
From: Canuck Dave  Read Replies (1) | Respond to of 39344
 
I agree.

I had a long look at the VIX vs Dow last night and it's consistent with a market top.

The point is that there's no earnings buzz to get the markets churning and move prices higher. Low volumes mean low excitement and are characteristic of a maturing bear.

Historically, gold does well in an ongoing bear. Will it this time? I think so.

CD