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

To: Bobby Yellin who wrote (4877)	12/29/1997 8:21:00 AM
From: Bobby Yellin	Respond to of 116764

biz.yahoo.com

To: Bobby Yellin who wrote (4877)	12/29/1997 8:32:00 AM
From: Jack Clarke	Read Replies (2) \| Respond to of 116764

Yes, Bobby: Many of us who post on these threads feel the same way. Those peach-fuzz money managers don't seem to care about anything but momemtum. After all they haven't known anything else. As I mentioned before, try to explain history or fundamentals, and their eyes glaze over. But on the other hand, I (and many others) have been the poor "thinking men" who have missed out on participating in this giant bubble and have missed the profit opportunity of a lifetime. Some (in my opinion the smart ones) have rung the cash register and put the profits into something safe. Now that we have missed the bubble expansion, we spend a lot of time throwing stones at those who are still in it. Best we can hope for now is a rapid return to reasonable valuations so we can buy back in. I'm still putting some money into gold stocks and trying to play the short end in a limited way, a few put spreads on the OEX, for example. But I'll be the first to admit that the other side has won. Globex spoos are up 7.4 as I write and the bonds are up a tick or so. Best regards, Jack

To: Bobby Yellin who wrote (4877)	12/29/1997 11:47:00 PM
From: Gary H	Respond to of 116764

Bobby, Returning to the gold standard may be a sweet dream - for us but the politicans would be without their toys. "This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the `hidden' confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard." Alan Greenspan (1966) The more I read on this thread and posted URL's, the more the above comes to mind. For me it is almost becoming a meditation. I have been, for the most part, lurking on this thread for the past number of months and found it very educational and would like to end the year by thanking you all for lessons I could not have gotten anywhere else that I can think of, especially at the time of their occurance. Thank you all and a Happy and prosprous New Year, Cheers