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Gold/Mining/Energy : At a bottom now for gold? -- Ignore unavailable to you. Want to Upgrade?

To: Jim Ilchyshn who wrote (928)	11/16/1997 11:09:00 AM
From: Roebear	Read Replies (1) \| Respond to of 1911

Jim, Where did the US gov't securities go or is the cashing in still future? Roebear

To: Jim Ilchyshn who wrote (928)	11/16/1997 11:37:00 AM
From: Jim Ilchyshn	Respond to of 1911

More... Asian markets continue to collapse. Stock markets world-wide are starting to crash as well. They are grossly over-valued. Action we've seen these past few weeks is just the small, opening crack. It is the beginning of a global stock market meltdown. Asia is making the same mistake America made in 1929 - that caused the stock market wipeout and Great Depression. The parallels between now and 1929 are stunning. All during the Roaring 20's, America was the great export powerhouse, the manufacturing might of the world. She had cheap labor, the most efficient factories. America led the world in auto technology, radio technology, aircraft, manufacturing, electronics research, transportation. Just like Asia now, the U.S. was racking up huge trade surpluses. The world rushed to loan the U.S. whatever they could. The U.S. stock market soared. Gold, currencies and capital from around the world poured into the U.S. - pay for America's trade surplus. Thses huge capital flows made the currency markets unstable. The marketplace wanted to raise the price of dollar. That would have made U.S. goods more expensive. It would have put the world's economies back into balance. This is the time-tested market mechanism. But the U.S. held the dollar artificially low. America's huge trade surpluses got even bigger. This threw global economies and currency markets into chaos. It brought down the world's stock markets. It caused the worst depression in the world's history. Now the exact same thing is taking place. Except this time, Asia is the world's manufacturing powerhouse. Asia has the great trade surpluses. And Asian excesses are bringing down the world markets. We are seeing the very beginnings of the world-wide stock/currency crisis. Global stock markets are going into turmoil. The currency markets are in crisis. U.S. money supply is soaring at record rates. In 1929 billions of dollars were involved: now tens of trillions are. This bull market has consumed most of the developed world's assets. And from here on the markets will crash much, much further. Currency markets will go crazy. U.S. inflation will soar. The dollar will plunge. We will get a deep U.S. recession that could lead to depression. There will be a global liquidity crisis, just like there was in 1929. No one wants to admit the U.S. is no longer the world's manufacturing powerhouse. Asia is. And Asia has been set back 30 years - with no end in sight. There is not enough money in the world to stop this process from happening. They've done all they could to stop it - and they have failed." - Well it's time to get ready for Grey Cup festivities, (and I'm tired of typing) The bottom line is get out of the markets, buy gold, cash is king. Everyone on this thread should have some gold anyways to help show your support for what you believe in. With $1000 margin you can buy a Dec '98 gold contract and most likely expect to make a good return. - Best of luck, Jim.

To: Jim Ilchyshn who wrote (928)	11/16/1997 12:21:00 PM
From: Ronald	Read Replies (2) \| Respond to of 1911

Your theories sound realistic. One little problem, I've been hearing this for the last 20 years. Remember the theory of when the Japanese market would correct, that would cause a mass exodus out of US sucurities, well look what happened. The DOW went to 8000! Gold was to go to $1000 years ago. What happened? Oh yeah I forgot the governments are trying to keep gold down. Keep buying gold and gold stocks, I'll keep buying INTC and MSFT. I have a funny feeling that one year from now I will be way ahead.