To:John Barendrecht who wrote (235) From: Bobby Yellin Sunday, Jul 6, 1997 7:54 PM Respond to of 80032
it is almost like at the end of the cold war countries are playing nuclear derivatives...I thought Rubin didn't want US to sell its gold reserves...geez if all the central banks sell their gold then there will be more than enough supply out there for jewelry supply and idols to the wonderous paper assets and printing presses of the world...as long as the workers are housed and fed...who cares about defaults and maxxed out credit cards and massive unemployment in Europe..Yelsin just announced that his country is emerging from a five year depression? who cares if most of the mines have to be shut down.. who cares if some countries are dependent on mining...they too can play the derivative game...and all will be winners.... if you read the want ads most say looking for hard working people.. wish I knew what John templeton was thinking...I have been feeling very very stupid these days...if it looks like a mania,sounds like a mania and behaves like a mania..it isn't...it is the way to make money...until it stops.. http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=1711260
To:William Jones who wrote (217) From: Bobby Yellin Sunday, Jul 6, 1997 8:04 PM Respond to of 80032
I must say that one of my friends tells me to pay attention to defense stocks...he is even implying in a few years how will the United States react when China makes strong moves on the USA? and possibly aligns itself with India..Will China need us economically down the road? Some how it seemed that the cold war added a certain stability to an equation ...hopefully somebody will pipe in and totally disagree with what I just wrote...I would much rather see the glass half full.. Bobby (ps I remember just recently when every analyst said the world was awash with oil and all the oil stocks were depressed...I don't see any turnaround for gold for a long time...I think the politicians have succeeded in the Midas touch in reverse...GO PAPER..AND GO PRINTING PRESSES...DON'T WORRY ABOUT DEBT,DEFAULTS,ETC...derivitives ARE THE SAFEST THINGS AROUND...FORGET ORANGE COUNTY,all these young fund managers who have never seen a bear market really know what they are doing...of course the stock market should have twenty per cent returns a year...don't tell me there is inflation...in paper assets..there is no inflation...no threat of deflation...blue blue skies..) sorry ...my perceptions must be warped..because nobody else is worried..) (I am seeing more small stores closing and a lot of discount chain stores taking over...beginning to remind of Yugoslavia years ago when all the store windows had the same goods...(except for the upscale which truly look they are having no problems whatsoever-stores,restaurants,expensive food stores..tons of shoppers..also so many nannies...so many salons doing nails...just flourishing...sports clubs etc...summer rentals at the beach...the affluent definitely seem affluent...I am certain they didn't put a penny in the gold market except for maybe the short side...) http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=1711294
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