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

To: Alan Whirlwind who wrote (1142)	5/13/1998 7:40:00 PM
From: Alan Whirlwind	Read Replies (1) \| Respond to of 1911

Pinky's Tailing Box: a weekly presentation of At a Bottom Now for Gold... Hello everyone; this is Louis Brewmeister, and welcome once again to Wall St. Bleak. Well, despite another week of dismal news on the economic front, the Dow Jones has managed once again another record closing, up a sizzling 50 points in a May 13th midweek stock market rally. Never mind "stabilizing" oil prices sending the PPI above the threshhold of inflation free comfort. Never mind another record balance-of-trade deficit with Europe, Southeast Asia, Africa, South America, and Japan. Never mind our own Federal Government's threats to hogtie the success of Bill Gates and Microsoft by undermining its Windows '98 software with cumbersome legislation--an act which could well undermine the stock performance of the entire technology industry. Nevermind Asia, where stocks were woked hard overnight. No, nothing was going to stop the Dow's momentum as the psychological 9,200 mark was shattered, leaving the much touted stock market average a mere handful of points away from an inflation adjusted all-time high. Has the market taken leave of reality? Are the bulls still running the market? Or is its casual advance into adversity a mere statistical aberration, soon to be reversed? The answers to such questions of profound money changing significance lie in a place that is itself fertilizer for thought--down on the farm. Indeed, while much of the recent breaking economic news has left investors with goose bumps, and the performance of many blue chip airline stocks nothing to crow about, food and beverage related stocks have carried the market whole hog to new highs. Old MacDonald had a farm, e-i-ghty e-i-ghty proof. Who would have thought that soaring beer, wine and liquor consumption would suddenly open new, lucrative markets for hard pressed farmers as demand for milk by-products and barley in beer manufacturing, corn and rye in whisky distillation, and fruit in wine and brandy production would elevate the farm sector to the position of being the tractor pulling the US economic wagon? Who would have thought that corn demand, lately in the gutter, would skyrocket with the news that corn, in its dried state stalk and all, is several times more efficient than firewood for home heating? Who would have thought that the BGH (Bovine Growth Hormone), much maligned until very recently because of its potential to flood an already saturated milk market with more of the "Udder" uncola, would become gold as Eastern Europe's milk exports would never recover following the Chernobyl nuclear disaster, leaving US milk prices to stiffen? This all might get the goat of those who stayed on the sidelines during the market's most recent advance, but there is consolation to be had--a falling stock market could be only a farm-foreclosure away. Normally, the rest of our program would be used to review the markets, talk with our panel, answer your questions, and interview a special guest--who this week would have been a man who authored "The Titanic of 98," who successfully predicted rising gold prices in April, and who prudently pulled his clients out of Ukranian dairy futures three weeks before Chernobyl, but this week we are giving over this time to our local network affiliates for fundraising purposes. Next week we will be back to our usual format. So don't be too sheepish or spread your organic fertilizer so thin that you can't send a little bull to shake up the roost of Wall Street Bleak, Owing Bills, Contraryland, 2 for 1 Stock Split Heaven. That's Wall Street Bleak, Owing Bills, Contraryland, 2 for 1 Stock Split Heaven. From the Tailing Box... Dear Pinky's Tailing Box: I took delivery on 1000 francs worth of silver bullion, and have just found out that I am allergic to silver. What should I do? --Achoo ze sou. Dear Achoo: Place it in a safe deposit box and then only do your banking at the drive up window. --Whirlwind Dear At a Bottom Now for Gold: The silver I bought has tarnished badly. Should I return it? --Black Jack Dear Black Jack: Did Santa ever return his clothes just because they got tarnished once a year? Give your kids some rags and tell them you1ll give them each a couple of Zappa certificates if they polish them nicely. Tell them if they do a really good job they also get a Zappa warrant exercisable at .75 Canadian. --Whirlwind Dear Whirlwind: You keep printing that stupid e-mail address "whirlwind buys zappa@mindless.com." When was the last time you ever bought Zappa? What a joke. --Not Fooled Dear Not Fooled: 1K Yesterday at .20 a share. --Whirlwind Dear Pinky's Tailing Box: Zappa traded all day at .15 Canadian. Should I sell while it1s still trading? --Zapprehensive Dear Zapprehensive: Try trading the stock while it's still selling. --Whirlwind PMs questions? E-mail the Whirlwind at: whirlwindbuyszappa@mindless.com