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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (15749)	5/19/2004 12:02:36 AM
From: Michael Watkins	Read Replies (2) \| Respond to of 206964

Oh I am going to get in trouble here... Gold drives people wild emotionally, and not just the true believers but the general public when they get a whiff. I remember being in remote Albertan communities in the days pre BreX meltdown - in one of these, it seemed virtually everyone had bought in and in many cases bought in big. I swear people had an alien look in their eyes before the meltdown... and thankfully I didn't get to witness the look post meltdown... Gold, Nasdaq circa 2000, its all the same irrational song to me. A few words get changed from time to time but the tune is the same. Its not that I don't think gold, or the world, can do stupid things, for people drive the world and people are known to do stupid things on a mass scale. If monetary systems collapse and the world breaks into total chaos, I hope I'm astute enough to have prepared by investing in a cache of weapons, food, energy and water - they will be infinitely more practical than gold I am willing to bet. Perhaps I am a tad cynical, but his article is designed to reach right in and twist hard every psychological dial on those predisposed to believe. In my view this is marketing at its most effective. Yes, you have caught me on a really cynical night!