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 : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: TheSlowLane who wrote (4913)	2/25/2004 11:50:13 AM
From: loantech	Read Replies (2) \| Respond to of 313061

Paul you are the news hound. I say we are hitting a double bottom cleaning out the rest of the weak POG players and we go up from here. We finish higher than 395 next week by Tuesday night. ANY BET TAKERS. $50.00 BIG USD THAT IS MORE LIKE A $150 FOR THE CANUCKS RIGHT?? <G> Wayne Paul Dave anyone else set the parameters and I'll take the weak sisters on I got my $50.00 read!

To: TheSlowLane who wrote (4913)	2/25/2004 12:27:09 PM
From: dara	Respond to of 313061

Thanks. I'll listen to the call tomorrow. I missed the news as I was wading through Marshall Auerback's latest article. prudentbear.com "And now that Tokyo appears to be playing ball with Washington, both seem to be locked into some mutual economic suicide pact (whilst the ECB stands on the sidelines, watching the whole scenario unfold with growing unease). Tokyo’s finances are beginning to resemble that of a Latin American country, with Washington rapidly catching up." "In the interim, the trans-Pacific trade imbalance has tipped further, resulting in the buildup of massive countervailing forces which will likely be unleashed later in the form of a further precipitous fall in the dollar. Furthermore, counting on the seemingly insatiable appetite of the American customer, the allocation of economic resources in the Japanese and other Asian economies appears to have been distorted to a larger extent than before." "By playing along like an American colony, Japan and the other Asian nations appear to be behaving like innocent merchants willing to sell on credit as much as their customers want. But at some point, either the creditors insist on proper payment for their large and growing I.O.U.’s, or the debtor simply declares, “No mas”, as Argentina has done, and the creditors are left with the prospect of huge write-downs. In such circumstances, credit will be harder to come by in the future, which bodes ominously for dollar assets." "At that point, the real consequences of this unhealthy symbiotic relationship will come home to roost. After all, when market commentators discuss the problems of the American twin deficits, what they really mean is that the sheer size of these deficits prevents any future short run policy stimulus-induced strength in US domestic demand from being sustainable over the medium to longer term. But if that is the case, logically it follows that one cannot be optimistic about the prospects for economies, like Japan, which remain dependent on exports to sustain growth, notably to the US. Which means less credit for the world’s largest debtor. How, then, does one resolve these awkward questions about exit strategies? Persisting in self-serving historical revisionism is clearly not an answer."

To: TheSlowLane who wrote (4913)	2/26/2004 10:41:57 PM
From: dara	Read Replies (1) \| Respond to of 313061

Paul, Did you listen to the ADB conference call? I thought it sounded very upbeat. They're currently drilling at Moose Bay for coalbed methane and drilling in Mexico for silver. Also they said that they would be drilling 4 wells in the next 2 weeks (I didn't catch the location) Regarding the drilling in Mexico they mentioned two intersects that had good grades in their recent results indicating that the ore body may be more to the east so they would gear their next drilling towards that area. They are half way through their phase 1 drilling and have the phase 2 drilling scheduled. They also mentioned that they are looking at two more possible acquisitions. They were expecting to generate US$15,000 per day from their wells in the US by the end of June. (My apologies for any misunderstandings, errors et cetera.)