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


To: Fishfinder who wrote (20562)9/16/2003 7:38:12 PM
From: crustyoldprospector  Read Replies (2) | Respond to of 39344
 
Hi Scott,

Remember, this is a Titanic market ... everyone thinks it's unsinkable. But, there is a cold, hard reality under the surface and it will rip the bastard wide open one day, and there aren't enough lifeboats for everybody. That reality is NO JOBS, NO MORE CAPACITY FOR DEBT, and DIMINISHING LIQUIDITY.

I already hopped in my lifeboat named CASH, and am mostly watching the band play on. The party looks great, but I suspect it will end badly for many of those still onboard.

And for those that think gold is a lifeboat ... the hard stuff yes, but the stocks are just stocks and they sink with the rest.

Good Luck,

crusty