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

To: austrieconomist who wrote (13540)	7/7/2003 1:59:36 PM
From: Stephen O	Respond to of 39344

Base metals are making a good move today - upwards.

To: austrieconomist who wrote (13540)	7/7/2003 2:24:54 PM
From: A Horse With No Name	Read Replies (1) \| Respond to of 39344

well i have found your prognostications to be right on the money. brothers never take each other seriously anyways. with housing its a very difficult decision to make. there are two opposite forces working here. one as you have mentioned is the heavy debt load and the other the inflationary trend (commodoties up and dollar down). its hard to gauge which one supercedes the other or maybe they both cancel each other out. I guess the best way to figure this one out is by the simple demand/supply equation. if the job losses continue which i think they would then where is the additional demand going to come from? on your point number 2 about housing not being a bubble. i sort of agree but what scares me is that if you talk to a builder they want you to focus on payments but not the price of the house. to me it visualizes like in a cartoon where the rabbit is being told not to look down the cliff (which is getting steeper and steeper)but keep on taking those small steps to the other side. the point i am trying to make , and what really makes me pause is, that it smells the same way the nasdaq bubble smelled like. people talking about house values at parties and everyone buying a house even the people who were on the fences for a long time. when you turn on the TV you see adds of builders tempting you to buy from them . big billboards around town saying i wanna buy your ugly house etc