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

To: Kaena™ who wrote (11234)	5/20/2003 8:30:42 PM
From: Ceedee	Read Replies (2) \| Respond to of 39344

A Gold-dot"com...I like that...from Market Black Box:“Gold Dot-Com”? We now think that much larger, bullish forces are at work, and that foreign capital that until now has flowed from dollars into euros will start to move less reluctantly toward gold assets in the coming months. That flow is almost certain to become a torrent at some point, although it’s anybody’s guess exactly when. In the meantime, the shift into euros as a dollar alternative may already have been dangerously overdone, since the D-mark surrogate is intrinsically, fundamentally and ultimately the same worthless air ball as the dollar. Moreover, to the extent a country’s economic prospects are a factor in determining the present and future value of its currency, demographic trends say the euro may be in even worse shape than the dollar once the global credit bust has run its course. For while the U.S. economy could conceivably make a fresh start, the welfarist eurostate would be bucking intractable problems of structural unemployment and non-competitiveness that could restrain growth for decades. As such, the still-strong euro should be considered no more than a stop-gap investment – the place where the world has chosen to park its investable cash until the money can be re-directed into a far less liquid but ultimately more promising gold market. An analogy would be the homeowner who, fearful of a deflationary bust, sells his house and puts the money in T-bills or money market funds. Sooner or later, however, much of the world’s safety-seeking money is going to find its way into gold. At that point, as we have asserted here before, it will not matter in the least which gold stocks to own, for even the sorriest of them will soar like the high-falutin’ dregs of the late, great dot-com era. It could be argued that gold’s ascent will be even more spectacular than that of the dot-coms, since there was effectively no limit to the number of fly-by-night Internet companies that could be created to satisfy investor demand. The world’s supply of mining shares, on the other hand, is not only finite, it is smaller in dollar value than the shares of just one dot-com stock, Cisco Systems, during the communications hardware firm’s heyday.

To: Kaena™ who wrote (11234)	5/21/2003 11:42:16 AM
From: jimsioi	Read Replies (3) \| Respond to of 39344

Kaena, record sounds good, post away.... By your accounts you've hit on some timely trades....yes, I'll look forward to your future reports. Hard to say how far this gold and miner rally will go...These recoveries in the metal after a weaker opening encourage me....None of the miners I have are "overbought". .... in that regard this is so far not a repeat of last year. Beginning to think everybody is looking at last year anticipating it'll be something similar this...That I have a doubt about that ought to now be a worry to all... $369 seems to have been the stopper so far.....much will depend now on which way the dollar goes after Greenspan quits talking. A close over $370 ought to light some fires....even up in frosty Canada...