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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (7370)6/25/2006 9:18:58 PM
From: sciAticA errAticA  Read Replies (1) | Respond to of 217620
 
re: To know gold is to know tranquility

----------

... I'd recommend palming 1.2057 ounces Au in the form of a 50 Peso piece to assure healthy blood pressure...:-)

... in a pinch, even fondling a 10 ounce bread bar of Ag can sooth the nerves.



To: TobagoJack who wrote (7370)6/26/2006 9:11:49 AM
From: jim black  Read Replies (2) | Respond to of 217620
 
Jay, you are a riot, wise and witty, you having committed to the written word something I have done for years, pulling the Canadian Maple Leaf form my wallet, the .9999 gold well worn now but still beautiful in its color & weight & inertness, many times as I ponder the possible coming financial debacle Greensputin has wrought, the yellow mass gives me pause for a bit of peace in my soul. I have read many times Greensputin's essay "Gold and Economic Freedom", easily found with title search on google, written in 1966 before he moved to the dark side, and I wonder how well he sleeps at night looking back on his own work. There is an interesting essay by Chris Laird in financialsense.com today, posing the hypothetical question of what might happen should the dollar fall to zero, in sum so terrible that central bankers would not willingly let it happen no matter how much they hate the USA or the dollar, the prime mover of worry being uncharted events, chaos theory looms its head in unexpected consequences of just about everything, jeez!! with 298 trillion in derivatives out there, and last week there a definition of derivatives was quoted on the same site at its most basic, a derivative is a ...bet...nothing more...nothing less. FWIW many here might enjoy and glean from both safehaven.com AND financialsense.com
good week everyone
jim black now of Austin TX, back home at last



To: TobagoJack who wrote (7370)6/28/2006 12:19:48 AM
From: Taikun  Respond to of 217620
 
<I am committed.>

So am I, but one day later I feel Meisels and JC could both be right, and we get another drop in miners and possibly a retest of lows. I raised a little cash on the off chance prices go lower still but I doubt the powers allow the 200dma to be deeply penetrated, as this challenges their own existence.

OTOH, if Ben is dovish, I will lose my place if I am out

Besides, miners shares are about as good as cash.

D