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Gold/Mining/Energy : Newmont Mining(NEM) & Newmont Gold(NGC) -- Ignore unavailable to you. Want to Upgrade?

To: ahhaha who wrote (242)	5/28/1999 8:05:00 AM
From: Roebear	Respond to of 587

ahhaha, Yesterday began increasing my NEM holdings, something I have been wanting to do the last couple weeks, but since it obligingly kept getting cheaper, I kept waiting. I started with near half of a normal trading position. I will add until it is a large portion of my portfolio, but will save some dry powder for bargain basement days. This will leave me mostly with Natural Gas and Oils and Gold. I would say the risk reward is very good at these levels in NEM. Though there could be some downside, the risk of being left at the station while the gold train speeds away is now substantially greater. The sentiment is wonderfully bearish in GoldBuggerdom <VBG>. I would not be surprised if yesterday were the bottom, but I don't think that matters anymore. I am officially on a trading break, and these are the long term positions I have staked out. I also have a lot of outdoor projects here at home. The fresh air, sunshine and toting 6X6 lumber around may prove a cure for "marketitis". Roebear

To: ahhaha who wrote (242)	5/29/1999 10:05:00 AM
From: Freedom Fighter	Read Replies (1) \| Respond to of 587

Ahhaha, >>Foreign central banks have been selling their treasuries. Some believe that this is due to Euro factors or Japanese repatriation, but I believe the sales are due to the recognition that the US is inflating.<< How about another possibility? When private foreign demand for the U.S. treasuries is weakening in the face of the very large U.S. current account deficit, central bankers fill the savings gap with purchases of their own. When there is ample demand for U.S. treasuries they back off or even sell. Of course there's lots of other considerations and factors at play, but my observations indicate that central bankers do not behave like private investors who are making decisions based on fundamentals, values etc... They work together to promote their economic agenda. For now they need for the U.S. bubble to remain afloat until other parts of the world get back on track. If foreign private demand for treasuries starts to decline and that threatens either the dollar, U.S. interest rates and/or the bubble, they will immediately become heavy buyers again and plug the saving hole. For now they need not be. Wayne