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To: Terry Whitman who wrote (40194)	5/10/1999 11:34:00 PM
From: Lucretius	Respond to of 86076

when the selling dries up it will be too late. Gold shares rise on fear just as stocks fall on fear. Saying "i will buy gold shares once the selling dirs up" is like saying "I will sell my index fund once the buying dries up" ie- good luck w/ that. you are either in gold and catch the move whenever it is... and you are either out of stocks and avoid the crash... OR you DON'T. the current move in gold stocks reminds me alot of the Sept low.... gaps down, etc. Let's see if the rebound is as sharp. if you refcall that move came after a large move in currency (yen up against dollar) which is EXACTLY what I am looking for again... expcet bigger as they sell our treasuries and stocks as well as hedge funds repaying yen loans that were invested in treasuries. as of Fri, the long bond in yen is in a BEAR trend.. today was a restest of that broken support just as ASA tested its broken downtrend line....

To: Terry Whitman who wrote (40194)	5/10/1999 11:52:00 PM
From: IceShark	Read Replies (1) \| Respond to of 86076

It is some sort of bluff. What, I'm not sure. Some joker tried to introduce Indian poker (face your cards out on your forehead for all to see but you don't have a clue to what you hold) into our 12 year old (us kids) poker game . We tossed him out of the tree house and it damn near killed him, seeing how it was 30 feet down. He never brought that game up again. -g-

To: Terry Whitman who wrote (40194)	5/11/1999 12:26:00 AM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 86076

Terry, re: your post on reits, I don't know what to think about real estate in an inflationary environment at least on the west coast. The 70s were an entire different world, houses were affordable for everybody then... now not so, we have experienced huge inflation in housing prices in LA, SF and Seattle - if an inflationary climate comes along and interest rates climb, real estate will crash, worse than the equity markets. Well thats my story and I'm sticking to it