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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (63614)	2/21/2009 12:42:25 PM
From: Anchan	3 Recommendations Read Replies (2) \| Respond to of 78408

Just listened to Don Coxe on yesterday's conference call [url]http://events.startcast.com/events6/122/C0018/Event.aspx[/url] If I understand him correctly: He expects that gold is going to come back into the system because "they" have to provide an overall wealth base to the banking system, for example by the U.S. restating their gold reserves at $1,000/oz; and "gold is going to be a big part of the solution we're going through". He sees a restructuring of the capitalist system going to take place, with precious metals playing a huge role from now on. He has changed his recommended investment weightings: they are now 40% PMs, 30% agriculturals, 20% energy, and 10% BMs.

To: Claude Cormier who wrote (63614)	2/21/2009 4:04:32 PM
From: Proud Deplorable	Read Replies (2) \| Respond to of 78408

We have economic armageddon and you think that gold is overbought? According to who and what? Charts LOL? Got news.....gold isn't going down until there is something worth investing in to take its place. Gold and silver producers stocks? Buy and Hold or run the risk of getting screwed by the hourly traders. Anyway based on the Bollinger bands of the seniors I predicted a pullback last week but since I don't believe the charts matter anymore because of the fundamentals I don't trade technicals. I think technical analysis is a dead industry now, gone the way of Madoff, Stanford, FRE/FNM, AIG, Lehman and capitalism in general. Those who are still playing the charts are living in the past IMO. The world has changed and I trust the charts about as much as I trust my banker or cable company salesperson. Here, take this to the chartists.... Every one of the people in the picture below will eventually be buying silver and gold. news.bbc.co.uk news.bbc.co.uk

To: Claude Cormier who wrote (63614)	2/21/2009 8:34:15 PM
From: Proud Deplorable	Read Replies (1) \| Respond to of 78408

James Turk says Gold in 3 digits is now a memory and hyper inflation is now here. Go to the 60 minute mark netcastdaily.com netcastdaily.com netcastdaily.com netcastdaily.com

To: Claude Cormier who wrote (63614)	2/21/2009 9:04:45 PM
From: kayco	Respond to of 78408

Hope you are correct re small correction. If you look at some miners using a candle stick chart with 30 minutes intervals, you get a very clear picture of miners Wed, Thurs, Fri last week. The volumes on the juniors was only slightly higher on Friday over Thursday, but volumes on AUY and ABX, for example, were at least 30% higher on Friday over Thursday, not exactly auspicious. What exactly it means for the future one can never be sure. Only time will tell, but I will be watching my miners very carefully next week. The world is getting more dangerous. Besides world economy, Iran may have one bomb, Pakistan may be unstable, N. Korea may have a succession problem, etc, etc, etc. The caldron is heating up and this may put a bottom on gold around the present price. It is not same situation as previously. Have a nice Sunday.

To: Claude Cormier who wrote (63614)	2/21/2009 11:20:00 PM
From: John McCarthy	Read Replies (1) \| Respond to of 78408

Hi Claude The sector is getting overbought. Gold can make a new marginal high before the correction. Santoli in Barrons sort of echoes your sentiment. Today, page 15. I am going to be really UNFAIR to him and mis-cast his rumbings as simply pointing to the gold/oil ratio (25 barrels) and his observation that this ratio has never held for long over the course of the last 35 years. (1976 I guess) But where both of you confuse me is at this point: Note:This (what follows) is all imaginary - but might happen. Binary Events: (1) Suppose China releases news tomorrow that they will not buy anymore USA debt. Can't happen:They'd be killing off their own USA foreign reserves and bond holdings. But just suppose .... and/or (2) Citi can't sell its pieces and the USA government punts and takes over the banks (I can't spell nationalize) wiping out equity holders (and because this is my post) bond holders - also - for good measure. Now my point is - I don't think people all over the world would look at (a) technical charts or (b) gold/oil ratios or any historical thingie-things. They would just run - but I am not sure where. But I do think the current owners of gold would (a) hold onto what they own - and (b) perhaps double down. Here is my question: When people see a technical correction on the horizon - are they implicitly holding all other variables as constant. I am just curious. regards John McCarthy