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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (21944)	11/18/2004 9:33:53 AM
From: Wyätt Gwyön	Respond to of 110194

imo asset protection is THE major motive for buying gold during deflationary eras ( banks can go bankrupt, and bank deposits can disappear overnight...gold can't ) . i don't know if that has the same appeal in the age of FDIC insurance and high Treasury liquidity. brokers will break up amounts over 100K and disperse them in different FDIC accts at different banks. for very large sums of money there are T-bills. it's a very different situation from pre-FDIC when bank runs were a real danger. i think the bigger concern is by far the currency going down the toilet.

To: ild who wrote (21944)	11/18/2004 10:50:07 AM
From: ild	Respond to of 110194

Date: Thu Nov 18 2004 09:34 trotsky (Wall Street ratings and contrary opinion) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved you may recall, i mentioned a few weeks ago that back then, only about 40% of gold sector component ratings were on 'buy' - the rest were tepid 'holds' and outright 'sells'. this is a contrary indicator in sectors where a bull market obtains, since the lukewarm ratings are subject to likely upgrades AFTER a certain amount of gains has been registered. this then tends to boost the shares in question further. and sure enough, it's now happening. Salomon Smith Barney being the latest arrival on the scene and upgrading various major producer stocks. of course, the opposite is true of sectors in bear trends chock full of 'buy' ratings, like e.g. the drug stocks over the past few months.