Replies to post #104401 on Zeev's Turnips Patch-No Politics (ZEEV)

[lee kramer]

westpacific: I admire your conviction. I wish I was as certain of my thoughts and analysis as you are of yours. I guess four decades of trading has made me a wee bit wary. I recall Very Strong promises of higher and higher prices at or near many market tops; and dire warnings that the markets would collapse while in fact they were bottoming. I think the probability of a Naz bottom now is somewhere near 65 maybe 70%. And I have no idea if they'll move sideways for a few more months or start a new mark-up phase...or when. 'Course, it doesn't matter all that much to me as I'm a trader, very short-term and play both sides of the Street; short and long.

[porter]

The man from La Jolla understands compound interest and this in and of itself separates him from those "who are condemned to pay it." (Allow me to say his quote in its entirety was a gem.)

Nevertheless,(and I learned this word from Alan, the bad Wizard, who likes to begin third and fourth paragraphs with "henceforth" and "moreover")...nevertheless... Homestake Mining did not rise in the 1930's because of the demand for Gold. It rose because of a new technological innovation in the mining of gold that simply permitted it to mine MORE gold. (This is never mentioned on those sites that pump Gold.) I'm not asking the man from La Jolla to be impartial in his views (being that the only creatures in life that are trully impartial are vultures: they eat both sides) but rather that he temper his view on Gold. In the simplest of terms, an America with $3000 Gold might be a country that would not have a fondness for those who could afford La Jolla.

Lastly, do thank the man from La Jolla for placing his letters in the libraries across the country.

RR's copy is always welcome!!!

[porter]

A Blackhole:


http://www.siliconinvestor.com/research/chart.gsp?i3=0&i2=6&i1=2&i0=3&period=120&...