Forum Archive Index - June 2002

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

I found the companies I was in interested in and then emailed them direct.
They where more than happy to advise there current hedging position.

I also went for mining companies that had little or no debt.

Your broker or the web should enable you to find prospective companies.




----- Original Message -----
From: "D & C . Adams" <davida@wave.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Saturday, June 15, 2002 7:07 PM
Subject: RE: [sharechat] Dont underestimate the dynamism of the U S economy
Steven


> Steven
>
> Can you tell me which are the unhedged producers or where can I find the
> info
>
> David
>
> -----Original Message-----
> From: sharechat-owner@sharechat.co.nz
> [mailto:sharechat-owner@sharechat.co.nz]On Behalf Of Steven Tong
> Sent: Saturday, 15 June 2002 01:57
> To: sharechat@sharechat.co.nz
> Subject: Re: [sharechat] Dont underestimate the dynamism of the U S
> economy Steven
> Importance: High
>
>
> 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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