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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (25133)	5/20/2005 10:36:52 PM
From: Roebear	Respond to of 108698

Thank you very much, Slider, for I never knew anyone had written my own credo, much less such a significant personage: "Civilization can only revive when there shall come into being in a number of individuals a new tone of mind independent of the one prevalent among the crowd and in opposition to it. A new public opinion must be created privately and unobtrusively. The existing one is maintained by the press, by propaganda, by organization, and by financial influences which are at its disposal. The unnatural way of spreading ideas must be opposed by the natural one, which goes from man to man and relies solely on the truth of the thoughts and the hearer's receptiveness of new truth." Albert Schweitzer In a small pittance toward that debt, I have converted to goldbull, gggg. Now as to Kenneth, who was obviously not a lumberman, if I can get 4-5K a pine tree, I can retire and devote myself to the natural spreading of ideas. Alas, there is no hope of that for me from pine trees at least, unless he is talking of Sitka Spruce, which I do not have... "If you don't trust gold, do you trust the logic of taking a beautiful pine tree, worth about $4,000 - $5,000, cutting it up, turning it into pulp and then paper, putting some ink on it and then calling it one billion dollars?" Kenneth J. Gerbino Best Regards, Roebear

To: SliderOnTheBlack who wrote (25133)	5/21/2005 12:33:38 AM
From: Crimson Ghost	Read Replies (1) \| Respond to of 108698

Slider: I basically agree with you on gold although I doubt we have seen the final bottom. Whether the HUI has already troughed as you think or troughs around 140-150 as I think, the upward move off the bottom will be huge and last for years. As far as interest rates are concerned the capitulation of former T bond bears like Bill Gross and Jim Grant reminds me of the capitulation of prominent stock market bears in late 1999 early 2000 as the tech bubble neared a top. To me low T bond yields are THE CRUCIAL FACTOR holding up all the extant bubbles. As long as T bond yields plunge at the slightest hint of trouble in the economy and stock market no major bear move is likely IMHO. And if these yields stay low, bubbles will expand still further making the ultimate of reckoning even worse. With even Greenspan now admitting we have a housing bubble those betting on an early Fed reversal may be premature IMHO.