KITCO GOLD FORUM
1997-1999

index
Date: Thu Oct 01 1998 23:32
PH in LA () ID#225408:
Copyright © 1998 PH in LA/Kitco Inc. All rights reserved
REALISTIC:

I hope you do not spend very much time congratulating yourself on what you probably think is a clever way of expressing yourself with your nuisance posts. Because unfortunately, nothing could be further from the truth. Instead of cleverness, they demonstrate the paucity of your thought...the dearth of imagination that is yours.

Your limited mind demonstrates an inability to encompass one of the most fundamental tenents of the human condition. Things change. What one thinks in all sincerity one moment is not always what that same mind thinks in another. Without going into too much detail, a myriad of details are constantly changing in each of our own personal environments and they define our all-too-human existence. As Robert de Niro's character in The Deerhunter said long ago to another whiner: That was then! This is now!

Most of us do think one thing one day and something else another. This is an inevitable part of seeking truth. Your own obvious enjoyment in wallowing in the human weakness of others is not pleasant to behold. Furthermore, your constant whining on such and such a day, you said so and so, and...now you say blah, blah blah...Can you please explain? is supremely boring to everyone who reads it.

Maybe you should work up some new material.

If it's not before your time, you may recall that Walter Pirsig says in Zen and the Art of Motorcycle Maintenance, The real motorcycle you're working on is the cycle you call yourself.

Think about it!

Date: Thu Oct 01 1998 23:29
PH in LA () ID#225408:
Copyright © 1998 PH in LA/Kitco Inc. All rights reserved
REALISTIC:

I hope you do not spend very much time congratulating yourself on what you probably think is a clever way of expressing yourself with your nuisance posts. Because unfortunately, nothing could be further from the truth. Instead of cleverness, they demonstrate the paucity of your thought...the dearth of imagination that is yours.

Your limited mind demonstrates an inability to encompass one of the most fundamental tenents of the human condition. Things change. What one thinks in all sincerity one moment is not always what that same mind thinks in another. Without going into too much detail, a myriad of details are constantly changing in each of our own personal environments and they define our all-too-human existence. As Robert de Niro's character in The Deerhunter said long ago to another whiner: That was then! This is now!

Most of us do think one thing one day and something else another. This is an inevitable part of seeking truth. Your own obvious enjoyment in wallowing in the human weakness of others is not pleasant to behold. Furthermore, your constant whining on such and such a day, you said so and so, and...now you say blah, blah blah...Can you please explain? is supremely boring to everyone who reads it.

Maybe you should work up some new material.

If it's not before your time, you may recall that Walter Pirsig says in Zen and the Art of Motorcycle Maintenance, The real cycle you're working on is the cycle you call yourself.

Think about it!

Date: Thu Oct 01 1998 19:26
Realistic (@Farfel) ID#410194:
Copyright © 1998 Realistic/Kitco Inc. All rights reserved
Bonds reached yet another all-times high today. ( Dec bonds above 132.00!!! )

8 months ago, bonds were around 118.00.

People who invested in bonds around March and April of this year, have been part of one of the most amazing bull market of the board this year.

What are your friends thinking of this huge move Farfel?

Date: Tue Mar 03 1998 22:03
farfel ( @DONALD...YOU SAY DEFLATION, FRIEDMAN SAYS INFLATION, AND I SAY... ) ID#28585:
NEO-STAGFLATION....

I warned many friends to avoid this Wall Street propagandistic manipulation...in fact, I went down on my knees with some of them and BEGGED THEM not to place any monies in bonds. I categorically predicted the current bearish scenario now unfolding in the bond market; it will only exacerbate as the TORRENT of newly printed money ( printed in the aftermath of the October crash in order to maintain liquidity ) begins to hammer bonds even further over the short-term..


Date: Thu Oct 01 1998 12:17
PH in LA (Another multiple personality?) ID#225408:
Farfel:
Any relation between you and the poster at K-1 named Gollum? Your take on bonds etc. is spot on with his. Well, come to think of it, your thoughts seem to be right in line with ANOTHER's, too. Maybe you're on to something here. In any case, well organized piece, your last opus. Will post it at K-1.

Date: Thu Oct 01 1998 04:28
farfel (Interest Rates Must Rise Now...or PULLING THE GOLD TRIGGER!) ID#341227:
Copyright © 1998 farfel/Kitco Inc. All rights reserved
The real estate market is overheated in most major American cities. Financial corporations are laying off workers in droves ( not downsizing this time but bankruptcy avoidance! ) . Increasing unemployment means less consumption and less investment in 401k's, etc. The dollar is falling far too quickly, inspiring foreign capital to head for home. Contrary to the assertions of JP and other deflationary exponents on K-1, we are about to witness the most amazing STAGFLATION in the history of this country. Pure deflation Not a chance! Can't happen...won't happen! Too many people today with too many AMerican dollars, no matter whether the stock market caves in today or not.

Greenspan knows damn well that there is only one logical direction for interest rates...UPWARD! THe world is engulfed in countries enacting competitive interest rate hikes ( except Japan & America ) . These rate hikes are all designed to save various countries' respective currencies from complete collapse. That's why Greenspan cut a mere 1/4%. He must protect the value of the dollar above and beyond the stock or bond markets themselves. He is protecting the Big Boys who are cash rich and already out of both stock and bond markets. His move was nothing more than a ruse, designed solely to get the last suckers into the bond and stock markets before the Big Boys slam everybody via a much needed interest rate hike! It will appear out of the blue, sooner than later.
In the end, the Dollar will remain relatively strong against world currencies as interest rates move up on a competitive basis.

Gold above 300? Ridiculous...try gold above $1000 and then you are entering the right ballpark! If you have a gold stock trading today at $5.00, then that same gold stock will be worth at least $40 after the dust settles. Those who think that CB's will contain gold below 300 until '99 have no comprehension as to the speed at which the global financial system is coming apart. It is a rolling snowball and the CB's priorities must be shifting just as quickly. Concern about containing the gold price? How about concern in getting your loaned gold back? Concern about creating parity for the Euro and Dollar at the start of '99 How about concern in simply protecting the Dollar from plummetting into the depths?

But most importantly, LONG TERM CREDIT must be saved in order to avoid upsetting the most amazing pyramid scheme ever erected in world financial history via an initial 5 billion dollar investment. LTC bet the farm on interest rates rising...and so they must in order to save America's largest financial institutions. How ironic that in order to save some of the major financial institutions in this country, INTEREST RATES MUST RISE! Yet, think about it....if the Fed must choose between saving Chase, Goldman Sachs, etc. vs. saving the little guys in their mutual funds and 401ks, then whose interests do you think they will favor?

When interest rates are raised, the bond market will CRASH. Not a correction...not a slight downturn...but a CRASH!

I always thought that the stock market debacle would precede any bond market debacle. Now I am convinced bonds will be the first market to tumble, and in its tumble, the trigger will be pulled for a stock market dive. The bonds bubble has become even more outrageous than the stock market bubble. The big money departed bonds some time ago...does anybody remember that Buffett exited bonds several months ago? The only people buying bonds en masse are, unfortunately, your grandmother, your parents,
your neighbors, and all those who have been conned into believing that bonds are somehow a radically different investment vehicle than stocks. The only true flight to safety.

When the bond market goes, precious metals will roar. The CB's will be powerless to contain PM's as populist demand for the metals will far outweigh CB ability to sell or loan gold into the market. The last and only true flight to safety. CB's will recall gold loans en masse...the gold lease rate will skyrocket well above the extant treasury rates. The gold carry trade will die on the spot. GOld shorts will be running around like chickens with their heads cut off trying to find metal that is simply unavailable at these historically low gold prices.

If you're not on board the gold train yet, then you missed it.


Return to Home Page

Site design & maintenance by Nick Laird
All pages on this website are ©1998-2017 ShareLynx Gold - All Rights Reserved