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.

Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: Defrocked who wrote (7345)	10/1/1998 10:16:00 AM
From: Mitch Blevins	Read Replies (1) \| Respond to of 86076

>>This brief runup is a gift for sellers IMHO<< Sellers[tm] is a registered trademark of Blevins Enterprises, Inc. If you intend to continue to use it in a public forum, please contact my office to discuss licensing arrangements. Thank you, Mitch Blevins

To: Defrocked who wrote (7345)	10/1/1998 10:32:00 AM
From: IceShark	Read Replies (1) \| Respond to of 86076

Watching gold? :^) Only the ring on my finger and the Good Luck Maple Leaf flipping coin I carry in my pocket. -g- I played BMG for a long time (on the long side) and made a bunch of money. I stopped, and have never looked back. Maybe I should look again at producers that are on the cusp of production cost/sales price. I actually know something about gold mining. I spent time in the then bottom gallery of Homestake in Lead, SoDak, when I was just a young pup of 16. Man, was it hot down there! -g- Regards, IS

To: Defrocked who wrote (7345)	10/1/1998 6:19:00 PM
From: robnhood	Respond to of 86076

Deeff,, gold and rates from kitco-- <<<Date: Thu Oct 01 1998 04:28 farfel ( Interest Rates Must Rise Now...or PULLING THE GOLD TRIGGER! ) ID#341227: Copyright © 1998 farfel/Kitco Inc. All rights reserved The real estate market is overheated in most major American cities. Financial corporations are laying off workers in droves ( not downsizing this time but bankruptcy avoidance! ) . Increasing unemployment means less consumption and less investment in 401k's, etc. The dollar is falling far too quickly, inspiring foreign capital to head for home. Contrary to the assertions of JP and other deflationary exponents on K-1, we are about to witness the most amazing STAGFLATION in the history of this country. Pure deflation?? Not a chance! Can't happen...won't happen! Too many people today with too many AMerican dollars, no matter whether the stock market caves in today or not. Greenspan knows damn well that there is only one logical direction for interest rates...UPWARD! THe world is engulfed in countries enacting competitive interest rate hikes ( except Japan & America ) . These rate hikes are all designed to save various countries' respective currencies from complete collapse. That's why Greenspan cut a mere 1/4%. He must protect the value of the dollar above and beyond the stock or bond markets themselves. He is protecting the Big Boys who are cash rich and already out of both stock and bond markets. His move was nothing more than a ruse, designed solely to get the last suckers into the bond and stock markets before the Big Boys slam everybody via a much needed interest rate hike! It will appear out of the blue, sooner than later. In the end, the Dollar will remain relatively strong against world currencies as interest rates move up on a competitive basis. Gold above 300? Ridiculous...try gold above $1000 and then you are entering the right ballpark! If you have a gold stock trading today at $5.00, then that same gold stock will be worth at least $40 after the dust settles. Those who think that CB's will contain gold below 300 until '99 have no comprehension as to the speed at which the global financial system is coming apart. It is a rolling snowball and the CB's priorities must be shifting just as quickly. Concern about containing the gold price? How about concern in getting your loaned gold back? Concern about creating parity for the Euro and Dollar at the start of '99?? How about concern in simply protecting the Dollar from plummetting into the depths? But most importantly, LONG TERM CREDIT must be saved in order to avoid upsetting the most amazing pyramid scheme ever erected in world financial history via an initial 5 billion dollar investment. LTC bet the farm on interest rates rising...and so they must in order to save America's largest financial institutions. How ironic that in order to save some of the major financial institutions in this country, INTEREST RATES MUST RISE! Yet, think about it....if the Fed must choose between saving Chase, Goldman Sachs, etc. vs. saving the little guys in their mutual funds and 401ks, then whose interests do you think they will favor? When interest rates are raised, the bond market will CRASH. Not a correction...not a slight downturn...but a CRASH! I always thought that the stock market debacle would precede any bond market debacle. Now I am convinced bonds will be the first market to tumble, and in its tumble, the trigger will be pulled for a stock market dive. The bonds bubble has become even more outrageous than the stock market bubble. The big money departed bonds some time ago...does anybody remember that Buffett exited bonds several months ago? The only people buying bonds en masse are, unfortunately, your grandmother, your parents, your neighbors, and all those who have been conned into believing that bonds are somehow a radically different investment vehicle than stocks. The only true flight to safety. When the bond market goes, precious metals will roar. The CB's will be powerless to contain PM's as populist demand for the metals will far outweigh CB ability to sell or loan gold into the market. The last and only true flight to safety. CB's will recall gold loans en masse...the gold lease rate will skyrocket well above the extant treasury rates. The gold carry trade will die on the spot. GOld shorts will be running around like chickens with their heads cut off trying to find metal that is simply unavailable at these historically low gold prices. If you're not on board the gold train yet, then you missed it. Standard disclaimer: The act of reposting the above should not be interpreted as agreement with or endorsement of the views contained therein on the part of the perpetrator of said repost. No investment advice is implied or expressed. All investment decisions remain the responsibility of the individual investor. Any attempt to discredit or malign the perpetrator of this repost by authorized and/or unauthorized Kitco content supervisors will be vigorously and systematically resisted, even to the point of mudslinging and/or name calling. >>>>