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

To: austrieconomist who wrote (11372)	5/22/2003 11:46:43 AM
From: gold$10k	Read Replies (2) \| Respond to of 39344

Hi austrieconomist, Isn't it true that most, if not all, ETFs can also be shorted? If the same is true of the gold ETF, it could contribute to gold's volatility, not just its upside. Still, I look forward to its debut as I believe that we are still in the early phases of a gold bull. vt

To: austrieconomist who wrote (11372)	5/22/2003 12:11:56 PM
From: Louis V. Lambrecht	Respond to of 39344

Frankly said, I am back to boom and doom sentiments. This would be bullish the PMs (in physicals). A bit paranoid (really?), I try to read what transpired from the latest Bilderberg meeting. atimes.com The big guys are nervous and don't know (yet) where to hide. My 2 cents. This last finacial system has started with Nixon default on gold on Aug 15, 1971. A correction of the system was needed in 1985 (Plaza Accord). Followed by many other interventions. (Good chronology on Forbes forbes.com ) Currently, BoJ is selling Yen for Dollars (explains the rise in T bonds and notes). Euro rises in between (not on merits). Either we get a Plaza Accord II, or the interventions will unstabilize the markets. No guarantee that a Plaza Accord II would work, and markets would destabilize. In any case, IMVHO, a collapse of the financial system is imminent (as our own death is imminent: tomorrow, in 20?, 50 years?). This financial collapse will be the collapse of paper. As people would need to mobilize some real assets (just for their living expenses), these "real-assets" would also drop in value (offer rising), properties, gold, diamonds,.... I cannot name an asset I could start hoarding as a protection for the bad days. Correction, I can name a few as wells of fresh water or cropping land, in the event of real bad days, these assets would be confiscated in the name of solidarity. So, in the meantime, I do my best trading papers on the exchanges. I try to not outguess the markets and just be a trend follower.