Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Ray Hughes who wrote (1334)	7/1/1998 6:38:00 AM
From: Bobby Yellin	Respond to of 1911

Hi Ray: at first I disagreed with what you wrote..then I read it a few times more and understood it more..will read it a few times more.. I understand that Canadian has been affected by Asian money helped prop up real estate etc..and the Canadian dollar.. I thought one of the reasons for collapse in commodities was large scale dumping by Russia when their system changed (of the opinion that the fat cats there pocketed most of the change from the dumping and not the government..obviously I am prejudice) also re corruption: I look more to financial concerns rather than to governments..I blame the bubble more on outside money flowing into SE Asia and offering them "golden carrots" to overbuild and then pulling the rug..ie. Indonesia..I have read..but no longer believe anything I have read..that most of money gained by leader and friends flowed right back into Indonesia rather than into swiss bank account or shoes(couldn't resist the Marcos dig :<) re cold war:thought of the cold war as one huge stabilizing force in the world..balanced the powers and kept all the nations in check.. now think there will be a much bigger military increase as it appears the whole world is unraveling..(possibly I am too pessimistic..but now see China and India gaining a great deal of power going into 21 century..see Russia unglued with their 10's of thousands missiles.. see Indonesia now without their spiritual leader(not being facetious) possibly becoming another Yugoslavia once it lost its glue,Tito.. see the year2000 and the brass butterfly derivative markets ungluing the paper asset bubble... see Japan as more intent on "saving face" rather than "going along" ps. I also blame Germany back when when it kept interest rates too high because of national pride which prompted their policies on incorporating east german currency.. Think US policy dictated more by corporate america than by little person..they have a vested interest in cheap labor and goods to help their profits..don't see isolationism coming but do see increased subsidies for companies here hurt by "global economy" Think gold will get stronger I now question my thoughts after reading your past posts.. Hope you would take apart some of my arguments.. ps..I live in NY and have a distorted view I know..there is a real estate mania here..prices in stores are going up...all of a sudden seeing more high risers built..huge labor demonstration yesterday.. construction workers..since MTA hired non labor to build huge project..supposedly that nonlabor firm has had violations....NY Times advertising more upscale jewelry..ie Tiffany's,(5,000 10,000 babbles etc..consumers have finally kicked to this recovery which before just seemed to be corporation led.. reading more and more working people are dropping health care because they can't afford it.. one of my friends works for large clothes manufacturer..as a consultant..not free lancer since her paycheck shows deductions..anyways her check comes from temporary agency..she works full time with no benefits..was denied a raise after two years there.. just found out from another friend that it is possibly illegal for her not to have benefits..was told if you work more than 400 hours a year at the same place you are entitled by law to have benefits..if this is all true..wonder how many people like her are being treated that way to show better profits for shareholders and make the worker pay! interesting times