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.

Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (7002)	1/30/2004 10:58:01 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 109091

"Broken Cycle: Spinning Gears" made it the top websites feels good gold-eagle.com I loved delivering this final line As UPI Business and Economics Editor Hutchinson concludes, “that is what comes of getting your economic policy from Charles Ponzi.” STOCKS TO PROFIT IN CURRENT ENVIRONMENT: Athlone Minerals Ltd C$1.58 (ATH.V in Canada, ALMLF for US equivalent) Legendary David Smith leads exploration and development of oil & gas in western Canada *** Dr Richard Appel’s top pick for year 2004 (see details) Cardero Resource C$2.68 (CDU.V in Canada, CUEAF for US equivalent) Copper/gold (IOCG) in Mexico and Peru, silver in Argentina Cassidy Gold C$1.02 (CDY.V in Canada, CSYGF for US equivalent) Narrow high grade zones and broad consistent lower grade zones in Guinea, West Africa International Barytex C$1.33 (IBX.V in Canada, IBYXF for US equivalent) Zinc/ tin in China, led by CEO Chairman Roman Shklanka Kenrich-Eskay Mining C$0.81 (KRE.V in Canada, KREKF for US equivalent) British Columbia mining claims have the potential of hosting Eskay Creek types of transitional mineralization for gold, silver, copper, lead & zinc New Bullet Group C$0.46 (NBG.V in Canada, NBULF for US equivalent) John Andrews, formerly of Stillwater, has gold projects in Brazil, and a silver project in Mexico Palladon Ventures C$0.68 (PLL.V in Canada, PLLVF for US equivalent) Four gold projects in Argentina, and an agreement to mineral rights in a Utah copper district Taseko Mines C$2.05 (TKO.V in Canada, TKOCF for US equivalent) Canada’s largest copper mine, plus substantial gold holdings

To: isopatch who wrote (7002)	1/30/2004 11:04:17 AM
From: Jim Willie CB	Respond to of 109091

clip from the "Broken Cycle" part#3 as to central banks Sean Corrigan offers an insightful view of a remarkable shift underway among central bankers, where the European CB now appears to be in the catbird seat, led by Jean-Claude Trichet, in its influence of currency markets. In his “Currency Wars” article, he points out how the ECB and the Bank of Japan have recently shown uncharacteristic defiance toward the Greenspasm Fed. They openly challenge US-held views on deficits and inflation. Otmar Issing, the astute respected ECB chief economist, cautioned G-7 finance ministers not to foster “an artificial bubble of demand through expansive financial and monetary policy, [because] from such a momentary flame, little can be expected but more inflation.” He went on to imply that the Fed has embarked on an unwise path, with ample failed precedent provided by Japan. In his words, “the wrong policy was pursued and the bubble only strengthened, the consequences of which… the Japanese economy suffers to this day.” Corrigan countered the Greenspasm claim that inflation, “the typical symptom of a weak currency, appears quiescent.” His typical condescending arrogant vocabulary does little to shout down actual contradictory evidence to his contention. The author cited some statistics worthy of note to counter. Over the last two years, unfinished import prices are up 20%. Finished import prices are up 6.7% annualized since the start of spring, nearly a 9-year high. Unfinished goods are often called components, the parts within products. Since the autumn, Asian currencies have gained ground against the USDollar. Import prices are now quietly slamming against the back door. It is inconceivable that imported consumer products, a staple among shoppers acting out their retail addiction, will avoid the effects of rising prices. Jeremy Grantham, legendary stock manager of Grantham, Mayo, Van Otterloo in Boston, made some crisp comments which relate to technology, the internet, and profits. His words seem to strike at the heart of most nonsensical wishful thinking directed at the remnants of the New Paradigm myth, wherein technology saves our economic bacon. "I am a huge fan of the Internet. But the thing that goes on in the Internet, above all, is price disclosure." Great as that may be for consumers, he says, it's not so good for business profits, and it gives them big obsolescence headaches. "Technology is often threatening to profit margins," he went on to declare. His listeners might add that jobs are the manifested export of our technological machinery. A clear signal has been sent across the Atlantic from the European Central Bank as we approach the February G-7 meeting in Florida. ECB council member Nout Wellink said an interest rate cut would do little to halt euro gains versus the US$. Wellink said “There is no need to take special measures” when finance ministers meet. He went on to say “The forces at work are much stronger and can’t be neutralized by a minor change in rates.” He implicitly refers to large structural problems with interest rates and currency exchange rates. Small interest rate maneuvers may do precious little to change the US$ bear trend. US federal and trade deficits are squarely on the table for discussion. Economics, politics, and war will enter the closed-door debate.