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

To: praha4 who wrote (3145)	10/29/2006 4:22:38 PM
From: maxncompany	Respond to of 50476

Yeah, how about those so-called dead commodities? They're not all dead. Nickel, zinc, lead and uranium all making new highs right now. And based on supply/demand further highs are likely.

To: praha4 who wrote (3145)	10/29/2006 7:14:29 PM
From: Fiscally Conservative	Respond to of 50476

Got to disagree with here praha4; "Anyone thinking a new Democratic Congress can suddenly balance the federal budget by repealing Bush tax cuts, and solve the problem of the huge US fiscal imbalances, is naive. The country has no solution to the demographic Medicaid/Medicare freight train coming down the tracks. The only solution is monetize the debt, print more money, fool today's voters, and pass the problems on to the next generation. Paulson, Rubin, et al have no magic wand, no more rabbits in the hat." Here is what I'm thinking. A new Democratic Congress would be a step in the 'right' direction, not the 'left' direction,as some would have us believe. The country needs to address the problems plaguing our governmental fiscal inadequacies,aka;Medicaid/Medicare,Social Security and our debt levels, by not brushing it under the table for the next generation to deal with. There are no free rides here. Maybe those 'Baby boomers' need to take a serious look in the mirror, after all they are the largest voting block and have the most weight/clout. As a nation we need to take a good look at how reactionary we have become. We need to be proactive. The rabbits we pull out of the hat will instead be the ones we put in there,as well it shouold be.

To: praha4 who wrote (3145)	10/29/2006 8:53:27 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 50476

["Slider's vision is 20/20 looking in the rear view mirror"] It's been 20:20 since May. So has Warren Buffet's: So has Goldman's: So has anyone's who just closed their eyes & threw a dart: Why are 'bugs incapable of exiting tops, of selling into strength, of ever admitting that gold blew off into a speculative excess? Why are you all genetically incapable of handing off the bag to anyone else? 2004, 2005, 2006... 3 years in a row. Thank You Sir... May I have another... Doomed. SOTB

To: praha4 who wrote (3145)	10/29/2006 9:46:15 PM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 50476

praha4 re: gold putting in a bottom. This is THE cognescenti's gold stock: And this is THE Institutional Fav' that MUST lead: Neither give cause for writing home to momma, or waving pom-poms. Gold is at a crossroads people. It's not about predicting each and every turn. It's about recognizing a discrepancy between price and risk when you seen one...regardless, of whether the trade is long, or short. Remember back in April & May 2005 when Hulberts digest recorded the lowest sentiment amongst gold bugs ever recorded? You couldn't get a pulse on a card-carrying gold bug. Some of us...couldn't have been more bullish -- just when YOU were most bearish. And this May...once again. YOU couldn't have been more bullish and some of us... couldn't have been more bearish. Presently, gold is trailing the broad market...and trailing badly. Gold bugs just "HELD TIGHT" thru the equivalent of a 3,559 point DOW collapse. Imagine the Dow collapsing from say 11,700 to 8,141. Well that's just what happened to gold bugs. The crossroads for Gold Bugs is this: Virtually all of the catalysts that WERE driving gold higher...have reversed. Historically, especially for Institutional Investors, Pension Funds, Insurance Companies etc, Gold has been over-weighted due to it's negative coorelation to the broad market...during turbulent times. Unfortunately -- the DOW is now at an all-time high. The 2nd reasons Gold is held, or over-weighted; is for it's negative coorelation to a falling US Dollar. Unfortunately -- the US Dollar has rallied to 10 month highs. Then there's the Oil:Gold ratio... Not good, since Oil has collapsed. Deficits...are falling. US deficits are still below most G-7 Nations as a % of GDP. Tax Receipts are rising in the U.S. Paulson is making headway where Snow never did. The House now stands a 70% chance of falling to the Dem's. Given all of that... why would 'bugs be calling a bottom? Especially given this chart? The mass speculation began with all the hype over Hurricane's Katrina & Rita. Bug's worst nightmare is a "causation" correction... returning to pre-Katrina levels for Gold. If I could give you one tip it would be this: "Keep your friends close -- but, your enemies closer." Know the other side of the trade -- as well as your opponent does. ie: Permabulls keep trumpeting how the CB's didn't sell their full quota's of gold. -- Remember, there's a flip side to that. Central Banks had no trouble dumping gold at $300 per oz. You all said Central Banks conspired to keep gold down then. Do you think they have less, or more reasons to do so now? Sinclair & Company keep yammering about Helicopter Ben. Well Helicopter Ben inherited Greenspans mess. And Helicopter Ben may have a few surprises up his sleeve. Remember this from Don Coxe? With gold soaring through $700, Barron's responded to the outbreak of gold and inflation fever by running an interview with a self-professed gold expert, who projected gold could run to $8,000 an ounce. Day after day, the media informed us that gold was at its highest price in more than 25 years. Inflation was obviously back on Page One. Neither the interviewer nor the gold bug knew that Governor Toshihiko Fukui and friends had already unleashed their attacks on the inflation virus. $175 billion worth of paper money was being vaporized. Never under-estimate your opponnent...especially when they both have the ball...and make the rules....and remember that word -- "vaporized". good night, SOTB