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

To: gold$10k who wrote (11644)	5/29/2003 6:08:27 PM
From: Canuck Dave	Read Replies (2) \| Respond to of 39344

Well, slider is never short on conviction. But the man protesteth too much, IMO. His bullish analysis on the US economy and markets skimmed over one key issue, D-E-B-T. As someone who was born into a declining European power, it looks to me that the path the US is on is all too clear. You going down, brudda, and you only got yourself to blame. It was George Orwell who put his finger on the problem of British decline in 1934. A nation of workers and innovators has become a nation of coupon clippers." CD

To: gold$10k who wrote (11644)	5/29/2003 6:11:06 PM
From: loantech	Read Replies (2) \| Respond to of 39344

vt, I have not reduced, <take what the market gives you...and sit in hoardes of CASH and WAIT PATIENTLY>, I am A-N-T-I-C-P-A-T-I-N-G DECENT LONG TERM NEWS ON ckg, cbd, aqi, and cdu. Of course if the market ignores good news you won't miss much. But as I waited and bought CKG late in the game but mostly around $2.05, bought sold and rebought CBD so my cost basis is quite low, aqi bought on Claude's recommendation at a low price, and about even on cdu I don't mind being fully invested. News on a anticipated property acquisition for ckg, news on drilling and final title from NEM on aqi, lot of drilling news on cbd and potential rainmaking news on cdu or a total bust and so on............ So I am buying stocks that I think have long term potential and buying them early in the game for maximum potential gains than may take a few months or even a year or two. I am willing to hold CKG and CBD for quite some time. Last time I held to a battle plan of long term holds on RIC, HL, CBD and MFL I did very well. I got very lucky on WTC and only had to hold it for a few months for a double that was almost a triple. So I am not looking to trade in and out, swing trade or scalp 5% here and there. So your plan is???????????????????????????????? Tom PS:Are you not holding some CBD and CKG??

To: gold$10k who wrote (11644)	5/29/2003 8:20:23 PM
From: tyc:>	Read Replies (3) \| Respond to of 39344

Hi vt, I find it hard to understand how holding cash can be considered "safe", when the feature of the economy is the decline in value of the dollar. I suggest to you that the market as represented by (say) the S&P 500 has not been "strong"; it is simply that the relative value of US cash has declined. There is a Canadian funds ETF for the S&P 500 ticker XSP.T. If you check its graph you'll see that it has been relatively flat. Similarly if you compare the S&P 500 against the price of gold, again relatively flat. It is the currency that is weak ! Obviously assets cost more if the currency (cash)is weak (falling in value...."losing"). My gold is still the S&P500.