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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: PaulM who wrote (4759)	12/24/1997 2:15:00 PM
From: Bobby Yellin	Read Replies (2) \| Respond to of 116753

Brad gave us our Christmas present..the clubhouse..anybody with specific investment ideas can post them right there now..I hope we don't use it to hype but to share information the way this gold monitor works and to possibly say why some of the ideas might not be too good.

To: PaulM who wrote (4759)	12/24/1997 3:43:00 PM
From: Terry Rose	Respond to of 116753

I agree with your last statement in that the game is finally being played out, and most of the herd hasn't a clue. The August high on the Dow still has not been penetrated, and the Santa rally (except for the precious metal sector) has not appeared despite higher than expected volume. I listened to CNBC today, and ad nauseum they repeated the same message: despite the drop in POG, silver is now at 9 year high. They failed to note a near-term rally in POG of nearly 10% every time, and the fact that POG was up again today. If the viewers actually trade off their market insight, then we all are in for a rough ride when this glorified Ponzi scheme inevitably ends. On a lighter note, I would like to thank you and everyone else on this thread for all your insights, analysis, and wit. Patience is a virtue, and I predict that 1998 will be our year to benefit from this trait. Heres to hoping Santa leaves a gold nugget or two under the tree. Happy Holidays to all, Terry Rose

To: PaulM who wrote (4759)	12/25/1997 3:10:00 AM
From: Terry Swift	Read Replies (1) \| Respond to of 116753

Paul: I don't think there is any question that debt, both public and private, are at all time highs throughout the world and especially in the US. Personal bankruptcies and home mortgage defaults are at historical highs... and we're in boom times. The next recession will be a very nasty one in terms of debt default. Of course, the Fed is very much aware of this and will do whatever is necessary to keep the debt pyramid from collapsing. It remains to be seen whether it can head the Asian debt problems off at the pass, so to speak, before they affect the US financial system. We shall see. Terry