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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (8828)	11/21/1997 10:17:00 AM
From: Tommaso	Read Replies (1) \| Respond to of 18056

Well, you are talking to someone (me) whose safe deposit box is about half full of gold and who has owned gold depository and mining stocks for ten or fifteen years. So I am ready in case Japan starts buying gold. I am inclined to think, though, that they are likely to hold onto a lot of their U.S. bonds. For the last ten years the U.S. has been extremely disciplined in managing the money supply. Also, a stong military position tends to make currency acceptable elsewhere. But I will be watching very carefully to see what happens before I make any further investments in precious metals. Though to tell the truth I did just buy some more PAASF, Pan American Silver. They just acquired the mining rights to Russia's largest silver mine--with enormous high-quality reserves. Silver is even more depressed than gold and has more commercial uses. A rise in gold also would help silver. Mainly I am a believer in the approaching bear market in US stocks.

To: Mike M2 who wrote (8828)	11/21/1997 4:05:00 PM
From: Tommaso	Respond to of 18056

Here's the news today on PAASF: exchange2000.com Notice that Fleckenstein is simultaneously shorting high-tech stocks while going long on Pan American Silver. Maybe he's my long-lost identical twin!

To: Mike M2 who wrote (8828)	11/23/1997 10:15:00 AM
From: John Hunt	Read Replies (1) \| Respond to of 18056

William, New article at Gold-Eagle site on the Rothschilds, etc. gold-eagle.com <<< While the world is led to believe that gold is a barbaric relic of the past, a huge confidence game is being played out in fiat currency markets, illustrated by the events in Asia. In order to maintain confidence in inherently unsustainable fiat currencies and unsustainable debt, confidence in gold must be depressed, given that it is the only alternative store of value. >>> Interesting thought that driving down the price of gold would support world currencies in the short term. It could explain why gold has not responded better to all this uncertainty, as well as the increased sales of gold by some central banks. John