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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (7188)	4/23/2006 8:32:06 PM
From: E. Charters	Respond to of 8273

u gree wid u boud gol bein da ting dat buy de thing, u no? it buya dah dollar, no less an astute pundit than fdr notise dat gol buy da ting, until it hit 35 of da ting per ounse. den he fix it so it would not bye da hole trezuree. fix it at 35 and now dah kids think dat gol is bot, not bye. u rite. gol byes. money don bye, never did. money is just wad dah liberatorz use for army credit. bomb credit. dey fix it so nobodee devalue yanqui piastres. make it gole. hey! u n I we no better! wed starts as many gole mines az we can. then we buy all the oyle, n maybe hafe dah trezuree. go gole. EC <:-}

To: marcos who wrote (7188)	4/24/2006 9:30:03 AM
From: tyc:>	Read Replies (1) \| Respond to of 8273

Nice post, Marcos! It recalls a discussion we had several years ago. When we "buy" or "trade", we are disposing of one item of value in exchange for another item of value.... which is itself exchangeable. I made the point then, and repeat it now, I regard ALL my stocks as "currencies" in their own right.... currencies backed by the assets of the companies behind them, (rather than by fiat). Frankly, to my mind, gold is no more the absolute measure of value than is the dollar. The benchmark of value can be whatever asset you choose. The dollar, or any other fiat is a poor measure of value because of its perpetual decline against all other assets.... it's a yardsticks whose inches are getting smaller and smaller. They say that in the 20th century a basket of US stocks yielded a return of 1,500,000 percent but that largely reflects the diminishing inches of the dollar yardstick. For that reason, and because I am committed to stocks, my gold is a "basket of US stocks". I daily value all my stocks accordingly, playing their volatility against the S&P500 (XSP.to). It works for me. I seem to be consistently out-performing that basket.

To: marcos who wrote (7188)	4/25/2006 10:05:05 AM
From: tyc:>	Read Replies (1) \| Respond to of 8273

I wonder if the following truly reflects the current state of affairs in B.C. Have you any negative thoughts, Marcos (or anybody)? Perhaps the report is out-dated. I was browsing on the web last night and I came across the following in an official report concerning the watershed about Clayoquoth sound ( i.e the Cypre watershed). Note how much Falconbridge spent on this project ! It is carried by DSR at a book value of about $300,000 dollars...... just another one of Dsr's assets. Sure supports my belief in the pennies as "value stocks". Quote: "While the majority of the economic activity in the Planning Unit is forestry-based, the Catface Range also has extremely high mineral potential. A copper deposit known as the Catface is covered by 133 mineral tenures in good standing, most since 1970. A drill indicated resource of 188 million tonnes of 0.42 per cent copper and 0.0084 per cent molybdenum was estimated for the deposit in 1990. Between 1960 and 1990, total expenditures on the Catface deposit amounted to nearly $10 million (constant $1990). In 1990, Falconbridge planned to take the claims to mining lease status and undertake a drilling program. Granting of required work permits was delayed by the Clayoquot Land Use dispute and consequently the project was cancelled. Doublestar Resources Ltd. acquired the property in 1999. Refer to chapter 3.5 for information on subsurface resource management legislation and policy in the context of this watershed plan. chapter 3.5 inter alia To clarify the approach to subsurface resource management, the Province of British Columbia has recently introduced new legislation that creates a “two zone” approach to subsurface resource management, distinguishing areas where mineral exploration and development will be permitted from those where it will be prohibited. Under this legislation, mineral exploration and development is prohibited in areas that are legally designated as ‘no-mining’ areas, such as parks, protected areas, ecological reserves and other designations. All other areas – including areas identified as reserves and special management zones in this Clayoquot watershed plan – will be considered as “integrated management” areas, where responsible mineral exploration and development is permitted subject to appropriate environmental standards, policies and legislation . Future mineral activities in these latter areas will be integrated to the extent possible with ongoing sustainable resource management processes, through enhanced review and approval processes and consideration of known sensitive values and strategic land use priorities. Existing policies and legislation require that activities which disturb the surface, including road or trail construction, be designed to minimize potential impacts on known sensitive values. Permits will address site-specific impacts and conditions. 3.5 of Cypre wtershed