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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 (37169)	7/28/2005 1:22:25 PM
From: ild	Respond to of 110194

Date: Thu Jul 28 2005 12:37 trotsky (RIP@PoG and pm stocks) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved interestingly, in the 70's gold mania the stocks first discounted the coming rise in gold by rising throughout the 60's and going ballistic from '70 to '74, but in the final stage when gold blew off it took a gold price 100% above the '74 high to get them moving ( of course when they finally DID get moving, they made up for the lost time very quickly ) . Date: Thu Jul 28 2005 12:24 trotsky (@Paul Craig Roberts) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved since he's a conservative who worked in the treasury dept. in the Reagan administration, his criticisms sting the neo-con mafia especially hard - they can't very well call him a 'liberal', since he isn't one. in fact, he's more of a conservative than this cabal of ex-Trotskyist authoritarian warmongers ever will be. he doesn't mince words, and that's a good thing. why be polite with the murderous, lying bunch that has just committed what he rightly identifies as one of the biggest strategic blunders in recent history? Date: Thu Jul 28 2005 10:53 trotsky (PDG) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved "Canadian gold miner Placer Dome Inc. reported late Wednesday a second-quarter net loss of $7 million, or 1 cent a share, down from a profit of $33 million, or 8 cents, a year ago. The company blamed the loss on higher operating costs, lower copper prices, and hedging losses." i can see the higher operating costs and the hedging losses ( they should have covered when their hedge book still showed a profit - it's not as if they hadn't been advised to do so by, well, just about everybody ) , but LOWER COPPER PRICES? how can one possibly blame THOSE? that's as if XOM had reported a loss and blamed it on lower oil prices...it makes just as much sense. there haven't been 'lower copper prices' in ages...anyway, it's no wonder pm shares get no respect when they're saddled with such management ( i don't own PDG, but if i did i'd be furious. how on earth can they post a loss with their products trading at multi-year highs? it takes a special talent to produce such a mess ) . Date: Thu Jul 28 2005 10:38 trotsky (pm stocks) ID#248269: investors in this sector need a good sense of humor...