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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: sea_urchin who wrote (20939)	5/11/2004 9:01:26 PM
From: Raymond Duray	Read Replies (1) \| Respond to of 81130

Hi Searle, Re: I was caught up in all that and it took me many years to get it out of my system. But I agree, many are still dreaming that those days will return. I was as well. I was quite young and totally naive about markets back then. I had an early success buying and holding physical silver for a period. Then I trusted a seemingly reputable commodities broker with some cash (a pittance by today's standards) which he promised he was combining with other's funds in order to get the best price on 100 oz. bars of silver. After the delivery date came and went, so did the storefront he operated from. After a couple of years, the State Attorney General traced most of the money to the broker's secret Swiss bank account. As I recall, I recovered about 10 cents on the dollar. While I got a valuable lesson on the cheap, losing only a few hundred dollars, others lost their life savings to this swindler. Will the days of rampant inflation in metals prices return? Perhaps not in the same fashion as when the Hunt Brothers tried to corner the silver market, but I feel 100% confident that when inflation starts to really raise its ugly head that we will be off to the races in the metals markets once again. It's been a generation since the lame ducks embarrassingly nursed their losses in gold and silver speculation. It's about time for this mania to make a comeback, now that an entire new generation of innocent and ahistorical suckers is available. :)

To: sea_urchin who wrote (20939)	5/12/2004 9:37:09 PM
From: sea_urchin	Read Replies (1) \| Respond to of 81130

Good news for goldbugs. Aden sisters are still bullish (from a week ago). adenforecast.com >>Rising interest rates are putting downward pressure on stocks and bond prices remain bearish. We advise staying out of bonds since prices are poised to decline further in the weeks and months ahead as inflation pressures intensify. This in turn will be good for gold and bad for the U.S. dollar. It now looks like gold and the other precious metals, and their shares are near an intermediate low. A renewed gold rise would be in force above $402 but it'll remain bullish above $376. The currency markets are starting to look good again and they should do well as the dollar heads lower.<<