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Gold/Mining/Energy : CORNUCOPIA RESOURCES CNP.t -- Ignore unavailable to you. Want to Upgrade?

To: Ed Fishbaine who wrote (142)	3/16/1998 7:12:00 PM
From: Steve Hegji	Respond to of 336

Ed I've posted once or twice before on this thread. It doesn't seem to be a very active thread, although the stock itself seems to trade at higher volumes than some other stocks I follow that have a lot more "discussion" activity. Maybe the "discussion" action on this one is somewhere other than SI. I'm accumulating the stock at these levels too. Your arguments seem mostly sound to me - from what I've gleaned over the last two years. However, I do worry about what might POWER the price of gold (POG) up a notch or two. The flip side of the coin is what might cause it to drop. The argument about market forces preventing a drop in the price is certainly interesting - but it cuts both ways. The same argument can be used to show why the POG will not rise. Yet it sometimes does. Personally I think GOLD is such an emotionally charged investment that it's movement outside of a range that is determined by supply and demand is driven by investor sentiment and can be explosive. The question is when will the next upward explosion be? From my engineering training I still tend to think of the market as an oscillating system. Like a little child on a swing, the right push will increase or decrease the swing. IMO the efforts being expended right now to prevent a world wide deflation will result in some inflation later - with the concomitant increase in the POG. Wars and political upheaval? To be cliche, don't go there. I don't wish that on anybody - especially just so I can make a buck. The normal business cycle is enough for me.

To: Ed Fishbaine who wrote (142)	3/16/1998 7:59:00 PM
From: mike h	Respond to of 336

Ed I think there are a number of people lurking here that agree with you. We are all accumulating so don't wake this stock up yet. MikeH

To: Ed Fishbaine who wrote (142)	3/16/1998 8:35:00 PM
From: SnakeInATuxedo	Read Replies (1) \| Respond to of 336

It's the total malaise in gold, Ed. Until the Great Paper Asset Mania of the Late Twentieth Century has run its course, and joins the Tulip Mania, the South Sea Bubble, the Mississippi Land Scheme and all the other financial manias of history on the ash-heap of history, we watch and we wait. This company is all the proof anyone ever needs to dispel any notion of "rational markets" and how markets will go to extremes in either direction. The one certainty of a pendulum, however, is that it will swing. It's January-Bargain-Basement-Time in straw hats, I mean gold.