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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: TraderC who wrote (6269)	5/12/2004 9:14:33 PM
From: mishedlo	Respond to of 116555

Silver safehaven.com Following the sell off in silver (and gold), the conclusion from Bulter and Sinclair is that the evil commercial shorts are artificially suppressing prices again. This argument - although probably true - is of little use to the investor. To be sure, what BS and many others fail to specifically mention is that a bet against the commercials is really a bet against central banks. While hardly omnipotent, it is nonetheless difficult to conjure up a predictable set of circumstance wherein central bankers become powerless and watch the US dollar - the reserve currency of the world - blow up. As for the knowledge that all paper money eventually fails...this is an effective investment strategy if you are psychic. Not being a follower of witchcraft, I elect to play by the rules the commercials dictate.

To: TraderC who wrote (6269)	5/12/2004 9:19:41 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 116555

Pardee has never owned any property west of the I-5. Pardee's holdings run from the I-5 east and along the I-5. To the best of my knowledge Pardee has never sold any of their holdings at Del Mar Highlands east of the I-5 to Kaufman & Broad or Lennar or any other developer. Although Weyerhaueser did want some of the property sold in order to fund upgrades in some of the forest product processing plants. You can take Del Mar Heights Road east from the I-5 to it's current terminus to get an overview of some of Pardee's undeveloped property. Map mapquest.com Pardee also has major land holdings in Sabre Spring, Lake Elsinore in Riverside County (known as Cottonwood Canyon), Las Vegas, North Las Vegas, Camarillo, and Palmdale.