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To: yard_man who wrote (263596)10/13/2003 5:47:43 PM
From: ild  Read Replies (2) | Respond to of 436258
 
Time to Get Positioned

Author: Jim Sinclair

Prices have shown considerable volatility in recent weeks but the internals have strengthened lately and it’s time for Comets to get positioned.



The gold market is building momentum thanks to a new group of buyers and rest assured they aren't our crowd. I see so much incoming that I have a good feeling for the Community overall and these new outsiders.

The new demand coming into gold shares has nothing to do with the old gang. These were the people, along with their gold advisors, that capped the rise themselves for no other reason than the fact $400 gold was coming.

I have seen some lame reasons for hitting the road but $400 must be the weakest yet. It equates to: 'I can't stand prosperity so I am getting out before I really become rich.'

The reason the buyers are paying up is because most of our crowd did not sell into weakness after they had sold into strength and turned that portion of their core position into cash.

Now is the time to get ready. The point is not simply to replace what was off-loaded but to replace only the strongest issues. That means you keep those that performed best in the last rally period because they will likely be winners again.

Performing best can be simple. For producers, run your choices on www.bigcharts.com which offers the ability to enter your situation and compare it against other issues or indexes. You might run your situation against NEM or GG among the producers and use the same strategy for your speculative issues.

The entire gold share group is looking quite bullish from here. Hang on, the ride is going to start again and it's a new crowd that will make the difference this time. This entire scenario reminds me of the pre $400 period in the 70's.

jsmineset.com



To: yard_man who wrote (263596)10/13/2003 6:26:56 PM
From: ild  Respond to of 436258
 
Date: Mon Oct 13 2003 17:50
trotsky (tech stocks) ID#377387:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
many tech stocks have performed extremely well off their '02 lows. NT is nothing special actually...600% are nothing to be sneezed at, but pale compared to many other penny stocks performances. even AMZN went up by 1,000%. the absolute star performers were the Chinese i-nut stocks. for instance, NTES advanced by about 3,900% over a period of 12 months. there's a good reason why it's called the 'echo bubble'.
note also, Nasdaq margin debt is now even higher than at the March 2000 top. this is probably the most relevant datum to consider, since it indicates that the echo bubble will eventually come crashing down in a similar manner as its big brother of the 90's.

Date: Mon Oct 13 2003 18:15
trotsky (Pacifier) ID#377387:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
unfortunately those 'paragons of free trade' in Washington D.C. are too easily swayed by special interests and deeply flawed logic. economists of eminent stature, from Bastiat to Rothbard have proven over and over again ( for almost 200 years actually... ) that truly free trade is in the best interest of all concerned. their proof is incontrovertible, and they even showed that opening one's borders unilaterally to an 'unfair trader' ( i.e. a trading partner who doesn't reciprocate ) ultimately benefits those who allowed trade to be free. nowadays, trade is generally less restricted than it was say 10 or 20 years ago - but it is far from 'free'. and the current bunch in charge has developed surprisingly strong protectionist tendencies, from steel to lumber to its latest victim, the Yuan ( read: everything that comes from China ) . shortsighted as ever, they don't realize that they hurt their own constituencies far more than the foreign traders they seek to outmaneuver.