Forum Archive Index - June 2002

["Steven Tong" <soarer2@xtra.co.nz>]

Just watched the opening bell on Wall Street, we are in freefall. Hope
everybody dumped their  international share based mutual funds this week.
The US  market
will continue to fall and 4000 - 6000 on the DOW is very likely.


Gold is about to explode, is gold in a bubble ? after 20 years in a bear
market it has risen form $ 255 to $320. This is not a bubble, the NASDAQ at
5000 was a bubble.

Unhedged Gold and Silver producers will expode, its only a matter of time.
The gold bullion banks are fighting the trend, they can only manipulate for
so long.
When gold hits $354 an ounce, the derivatives market will implode.



>
>
> > Steven Tong wrote;
> >
> > "There will BE NO RECOVERY IN US EQUITIES THIS YEAR"
> >
> > I recall another stumble of the U S economy. I refer to the savings &
loan
> > fiasco.
> >
> > A rash of unwise lending by small community banks called savings & loan
> banks
> > had threatened a bust the amounting to what looked like several
telephone
> > numbers strung together.
> >
> > The U S congress took over these banks and ruthlessly liquidated them.
> Thanks
> > to an economic recovery they were able to sell off these assets. I
cannot
> > recall exactly, but the net result was a small gain or loss for the U S
> > taxpayer.
> >
> > My point is that the U S was able to take decisive corrective action to
> > ensure stability and recover.
> >
> > If there is a melt down on Wall Street I guess we will see the same
thing.
> >
> > The DOW @ 20,000 in 2006?
> >
> > Boop-doop-de-do Marilyn
> >
> > Short on diamonds, long on optimism
> >
> >
>
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> >
> >
>
>



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