Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: TrueScouse who wrote (26380)	1/5/2004 4:37:14 PM
From: Giraffe	Respond to of 39344

From today's Daily Reckoning: In lieu of any insightful financial news for the day, Hugh Hendry, London-based fund manager, gives his stock picks: "I'm buying stocks with inelastic supply curves. That means as a producer, you can't produce more of the product in the short term. If demand rises, the only way you can ration demand is by raising prices. I see monetary inflation and I'm betting this money will bid up prices in the wider economy. So it takes me into mining companies. We have Anglo American. It's raised diamond prices three times this year. It also has gold. And you see what's going on with gold. Others I own are Lonmin, BHP Billiton, Rio Tinto, Phelps Dodge and Xstrata. Yet put them all together and the market cap is less than Vodafone's. There is an enormous reluctance on the part of institutional investors to buy these stocks. They've looked at the past 20 years, and they say 'You know what? They stink.' "Yet, these stocks are already performing. The valuations don't look remarkably cheap, but the analysts are pricing expectations by the absolutely awful 20-year prior history. "There's a better chance of these stocks doubling than any other stocks doubling in the marketplace. I own a zinc mine in Ireland called Arcon International, a tiny company. Zinc is at a 70-year price low versus the real economy when you've got China growing and you've got every other metal higher. If we are wrong, Arcon is [already] priced as if it has no future. If we are right... Arcon's on two times earnings... I'm going to make 10 times our money." * And how about Japanese stocks? Is it time to buy -- after a 13-year bear market? Maybe. In Japan you can get an 8% dividend yield, says Hendry. And a P/E of 6. This is like buying equities in the U.S. in 1976. * Tech stocks rose 66% last year. But gold stocks rose 68%%. Which are likely to rise again this year? We will put our money on the gold stocks.

To: TrueScouse who wrote (26380)	1/5/2004 6:02:12 PM
From: paret	Read Replies (1) \| Respond to of 39344

Mandela is a good buddy of Castro, Arafat, and Quadaffi of Libya. He has spoken out endlessly about his dislike of the US. His wife, Winnie, is a lover of children (except those she has murdered) and, as is well known from her trials and convictions for criminal behaviour in her own South Africa as a paragon of virtue.

To: TrueScouse who wrote (26380)	1/5/2004 6:05:49 PM
From: Proud Deplorable	Respond to of 39344

Howy Nelson Mandela is a convict. Would that other moron George Bush have been able to steal the election if the murders that he comitted were discovered and he jailed? Its funny how people make excuses for criminals if it suits them. But you say he is one of the great leaders and statesmen of the 20th century? According to who? There are a billion Catholics who consider the pope a statesman too LOL. There are millions of uneducated Americans who consider Bush a statesman. Anyway that's all just subjective stuff and my case for not investing in SA is because the place is falling apart. Maybe they will get it together but they don't get my money. You are correct about one thing, Americans and Canadians don't know anything but the propaganda that their media have fed them over the years. I was joking about Mugabe invading SA but the mans brain is so diseased he's capable of anything. SA gold stocks aren't really moving for different reasons and currency considerations are but one of these reasons. There are better and safer plays out there. Don't mind me if I bow out of those plays. Lastly (>G<) how does a comment make a person LOOK like a moron. Now tell me the truth, do I look like this? whatididinthewar.com

To: TrueScouse who wrote (26380)	1/5/2004 7:19:13 PM
From: E. Charters	Read Replies (1) \| Respond to of 39344

Just because it is an insane plan, does not mean that Mugabe could not entertain it. I think he feels that the whites who compose the backbone of the military will not fight that hard to maintain the present system, since he feels (probably) that they no longer have that much stake in it. After all, what else can we credit Mugabe with in terms of rational action? Good economic planning? Careful avoidance of pork barreling and favouritism? Complete eschewment of corruption and rabble rousing? No, not Robert the magnificent. I don't know about Mandela's departure leading to chaos, but I will bet the RM's exit will leave a void that will such in the every present forces of darkness. EC<:-}

To: TrueScouse who wrote (26380)	1/5/2004 11:51:29 PM
From: hank2010	Respond to of 39344

Mandela was (is?) a friend of Castro etc. and I winced when the commie terrorist sob was released from prison and was applauded as a hero. However, if it had not been for Mandela, South Africa could easily have erupted in a blood-bath. He could have become a tyrant and supreme ruler etc. and "let slip the dogs of war" very easily but made the decision to use his skills and popularity to heal the divisions between the races. I admire the man! Africa needs many more such leaders. He is still very much anti-USA but at least he is not plotting, aiding, or encouraging others to use violence against those people and countries with whom he does not agree. As for Mugabe! In the words of a good Zim friend "we had so much hope when we gained our independence, but we did not think our own leaders would betray us". It is too bad for the people of Zimbabwe that the man has lived so long. Invade South Africa! What is left of the Zim economy is tied to SA, including all oil products which have to be imported. Hard to fight a mech. war without fuel. 70% of Zim is Shona (Mugabe's tribe) but 25% is Matabele which is part of the SA Zulu tribe. Mugabe would have to go thru Matabeleland to get to Beitbridge on the SA border. Info that whites are the backbone of the Zim army is way out of date. I have never seen a white military man in Zim in the last 5 years. There may be some techies in the airforce or other high tech areas. Met Chuck Ivy (a Torontonian by birth and Colonel in the British army) who was sent to Zim after the end of the terrorist war or the war of liberation (depending which side you were on). He said Margaret Thatcher sent him to put together the Zimbabwe Republican Army from the forces of the ZANU(Mugabe, Shona and the Red Chinese), ZAPU (Matabele and the Russians) and the white Rhodies "by mixing them in one pot and making a good stew". Chuck said all the whites left as soon as their terms of enlistment had expired. Apparently, Mugabe organized a brigade which went into Matabeleland and raised havoc including one case of top guys rounded up, locked in a house and then set afire. Press got a hold of that, and Chuck in an effort to keep a lid on things downplayed the level of violence. English press got a hold of Chuck's remarks and quoted them (out of context according to Chuck) in the British press. Apparently, Maggie went thru the roof when she read the remarks. Chuck quietly resigned from the British army. He was given Zim citizenship and still lives there. But the Matabele still remember the atrocities carried out by Mugabe's people. I can not remember the name of the ZAPU war-time leader, but for the good of the country he signed a treaty with Mugabe, was made VP and died early on from cancer. Too bad, he may have served as a check on Mugabe.