GOLD 0.51% $1,391.7 gold futures

What were all the so called experts saying about G, page-9

  1. 1,689 Posts.
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    From a fundamentals point of view, I'm still non-plussed about gold, for reasons which have been gone into in great detail on this forum recently. However, the stories that especially U.S. punters are reading at the moment have sent the gold stocks market into a feeding frenzy and one of my tiddlers has quadrupled since September, so, as with the dot coms, I'll try to catch the ride going up, all the time being very wary.

    The headlines from three years ago may entertain. One can see by the dates that despite the legitimate warnings, the best profits were yet to come. However, those who pulled out quite early and stayed out would be ahead today of those who rode the dot com boom all the way up and continued to accumulate the apparent "dips" which followed.

    http://www.taguru.com/mania

    1/3/00 Yahoo! vs "the old economy"
    12/9/99 Dot-com dogs
    12/18/99 The Anatomy of a Bubble
    10/5/99 Internet's Sky is Falling
    9/26/99 The Economist: Trapped by the bubble
    9/23/99 Microsoft: Tech Stocks `Overvalued'
    9/23/99 Microsoft’s Ballmer calls tech stock values ‘absurd’:
    "Microsoft Corp. President Steve Ballmer on Thursday said valuations on technology stocks have reached 'absurd' levels, and even his own company’s shares may be overvalued."
    9/13/99 Commentary: Lone Analyst Worries About AOL; Should You?
    9/11/99 The Short, Happy Life of Mayfly.com (Satire)
    9/10/99 IPO First, Startup Later
    9/2/99 Friedman warns U.S. stock prices may be in bubble:
    "Economist Milton Friedman on Thursday warned that U.S. stock prices could have created a bubble that posed a grave danger to the U.S. economy, he told the business daily Handelsblatt newspaper in an interview. 'The U.S. stock market exhibits some of the characteristics of a bubble,' the Nobel prize winner told the newspaper. 'If this turns out to be true, then the United States will experience a deep collapse of the stock market.' Friedman said that the current U.S. stock market exhibited uncanny parallels to the U.S. market of the 1920s preceding the great crash in 1929, and to the Japanese market in the 1980s before the collapse there."
    9/2/99 Barnes Market Risk Index Weekly Chart
    9/2/99 S&P 500 Relative to Normal P/E Range Weekly Chart
    8/24/99 Bertelsmann unloads more AOL shares
    8/23/99 Bamboo.com cuts IPO size, lowers price estimate
    8/23/99 Waiting for the Big One
    8/21/99 AOL's Andreessen Files To Sell $88 Mln In Shares
    8/19/99 Riding the Dot.Comet
    8/19/99 Cashing out (Article dated 8/13/99)
    8/19/99 The ugly truth about Net IPOs (Article dated 8/10/99)
    8/19/99 Outlook: How the bubble will burst (Article dated 7/30/99)
    8/16/99 AOL registers 35 mln shares to cover stock options
    8/13/99 Is past prologue for Internet stocks?
    8/12/99 Mortgage.com falls after market debut
    8/11/99 When Will the Bubble Burst?
    8/11/99 Salon.com Stock Plunges On News of Earnings Loss
    8/11/99 Word of advice for the cyber stock suckers
    8/10/99 Don't get railroaded by Net stocks' allure:
    In the mid 19th century, the railroad train was one of or the greatest invention of all times. Investors correctly perceived that railroads had great potential: "Thousands of investors sank money into railroads, convinced they couldn't lose... By 1850, however, the railway industry was plagued by overbuilding, competition and rising costs. Shares fell 85% from their peak." What they did NOT correctly perceive was the absurd valuations that railroad stocks reached at the peak of the mania. Investors did not look at buying railroad shares as a buying a piece of a business, they viewed themselves as betting on the far away promise the technology held. The case is identical to today. The net is one of the greatest inventions of all times, but the run up in share price was a mania. The net stock crash is only half over at best. As readers of this site know, the situation with radio stocks in the late 20s was the also same. After the bubble burst in 1929, the average radio stock dropped far in excess of 90% from its peak, I believe around 97%.
 
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