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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: wsw1 who wrote (2647)	10/8/2006 5:50:57 PM
From: CapitalistHogg™	Read Replies (2) \| Respond to of 50288

The sky is falling!! The sky is falling!! <squawk> think, iran sanctions... think, north korean nuke tests... think, major attacks against us interests at home and/or abroad... think, another war between hezbollah and israel...heck, maybe syria will join in next time... think, iraq and afghanistan...worsening, and worsening, and worsening...

To: wsw1 who wrote (2647)	10/8/2006 7:08:07 PM
From: rolatzi	Respond to of 50288

If you really want to hear the sky is falling, check out the interview of Robert Prechter on financial sense news hour. the URL is: netcastdaily.com Click on the format you want to listen to under Prechter. He is calling for major deflation and default. He states that while the US government bonds in the 1930's were secure, he doesn't think they will be when the deflation begins in a year or two. Slider, he claims that the most important factor in making markets is herd mentality and has coined a term for the study, socionomics. Like you he claims that the mentality of the herd is the most important factor sending markets to overvaluation on both the upside and the downside. I guess he is developing the new method because his Elliot Wave theory didn't work. He totally missed this last run up in Gold calling for a price of $260. On the other hand, he does take chances by making predictions. ciao, rolatzi

To: wsw1 who wrote (2647)	10/8/2006 8:30:34 PM
From: SliderOnTheBlack	Read Replies (3) \| Respond to of 50288

.........re: Jim Sinclair. Billy, I am not a bear on gold...but, I am a bear on "bugs" who have raised gold to the level of a holy roller revival meeting. Gold and other inflation sensitive hard assets have their place in most portfolio's. But gold just like tech & internet stocks, or home prices and the homebuilder stocks ...can reach a speculative excess. Yes, I think Sinclair did a lot of good early on. He helped raise the awareness of gold when it was ridiculed and dismissed by the mainstream. But, that is no longer the environment we find ourselves within. Unfortunately, he has also done a lot of damage by engaging in conduct that in my personal opinion -- is just way off the charts of behavior acceptable by the CEO of any public company. Sinclair has perhaps put himself and the company in the crosshairs of class action lawyers should the stock continue to crater. It is not a coincidence that TRE cratered after Sinclair's public "Free Put" stunt. Bill Veeck and his midget act might have been good for putting butts in the seats of a ballpark...but, similar PR Stunts in public companies don't go over quite as well. Where Sinclair lost all credibility was when he wrote that "he would never pan gold". - whodathunkit? So much for intellectual honesty, or credibility. Put some lipstick on him, a short little skirt, give him a couple of pom poms and then put a fork in him... because as far as the Institutions are concerned -- he's done. "A cheerleader by any other name -- is still just a cheerleader." Today, Sinclair cites the massive speculation of hedge funds and their 32 year old wunderkinds with their black box algorithmic trading systems...as well as the evil of margin used by professionals and individual investors alike. Well, where in the hell was Sinclair with a Sell Signal and the call to "take the money and run" because the upside was overdone by all this black-box-buggery and margin excess? What good does it do TRE shareholders, or gold bugs NOW... to have Sinclair blame the equivalent of a 3,559 point crash in the DOW on speculative excess -- AFTER gold and gold stocks have already cratered? Wouldn't it have been more profitable and more intellectually honest -- to have warned gold bulls about all of this on the way up to the speculative top? And NOT now, after the fact...and after a $150 collapse in the price of gold, a 120 point freefall in the HUI gold index and a 50% haircut in TRE? What have Sinclair's two incredulous self-agrandizing publicity stunts done for gold bugs, or TRE shareholders? What did his "HOLD TIGHT" call at what turned out to be "the exact top" of the market do for gold bulls? And if that wasn't enough... Then he came out with his -- "FREE PUT" stunt...and Gold, gold stocks and TRE in particular were mercilessly hammered once again. Are you starting to see a pattern yet people? I'll repeat this once again: Gold did it's job... gold bugs didn't do theirs. Central Banks listened to gold's message...but, gold bugs didn't. And the reason they didn't... is because they can't. And the reason they can't... is because they are emotionally wired from birth. And because they are emotionally wired from birth ...they are literally doomed by their own DNA. And that's why you must learn to: "Play the Players...not the Cards." later, SOTB