Erick Tippett

Stocks for the Long Run?

Mr. Toro ?

Robert Prechter is predicting the Dow (which got headlines today in the
Chicago Sun-Times as the "Wow Dow" after Monday's Manic near 1000
point blimp) will return to the 577-1051 range according to his interpreta-
tion of the Elliot Wave theory. Of course there are arguments pro and con concerning this and other historical market cycle theories, but at least I see you were able to understand how Cramer's off-beat predic-
tions and advice are out of sequence, in fact often out of this world and south of the border mind wise!

EDT
Chicago, Illinois

Too Soon to Move From Equities to Gold

Mr. Katz,

You are probably correct in your evaluation regarding the premature
gold bulllish expectations. I can see why Robert Prechter in his Elliot
Wave work has projected deflationary tendencies and a depression
for this period instead of inflationary. However, those who already
have gold are unlikely to sell it now! I'm certiainly not going to.

EDT
Chicago, Illinois

Too Soon to Move From Equities to Gold

Mr. Katz,

You are probably correct in your evaluation regarding the premature
gold bulllish expectations. I can see why Robert Prechter in his Elliot
Wave work has projected deflationary tendencies and a depression
for this period instead of inflationary. However, those who already
have gold are unlikely to sell it now! I'm certiainly not going to.

EDT
Chicago, Illinois

Why The Paulson Plan Won’t Work

Mr. David Bailey,

Let me begin by saying I agree with the substance of your presentation and explanation concerning the causes of the present economic malaise in the United States particularly the statement ".....nobody will buy our mortgages until we turn ourselves from risky Gordon Gecko into 'safe' Jimmy Stewart from it's a Wononderful World"... I've seen that film many times and was born in 1945 and have seen and experienced many things as a citizen of this country.
Let me say this, turning from the Gordon Geckos to the Jimmy Stewarts does no good if the Thomas Mitchells in their weakness drop their hard earned savings on the floor of the bank or leave them on the counter in a newspaper so that the Gordon Geckos can snatch them when no one is looking and prosper even more in their crafty conceit!

E.Tippett
Chicago, Illinois

Double Short ProShares ETFs

Bespoke

On august 24th you said you expected the Dollar to fall. Well, today
is 9/4/08 on week later to be exact. Had you noticed where the dollar
is? Have you noticed where the Euro is? Want to change your forecast?

EDT
Chicag

Is This the Death of Gold & Silver Stocks?

Mr. Courtenay,

I agree with your observation and analysis of the historical market trends and the precious metals in particular. How anyone could be so ignorant concerning obvious facts and consider gold/silver and other precious metals to be part of a "Ponzi Scheme" baffles me. They need to read The Coming Currency Collapse by Jerome Smith and The Value of Honest Money by Pat Gorman. Big mouthed macho bragging about whiz kid shorting antics in the stock market impresses no one with even minimal intelligence!

Anyone smart enough to claim 'success' in shorting the market should
know of the ruthless 'naked short selling' and last minute 'carpet bombing' of precious metal stocks (particularly the juniors) that has gone one with not the least bit of SEC inforcement against these viciously illegal acts, and all done to suppress the stock price of many excellent companies! Legal action by lawyers preparing to pursue class action suits in Canada concerning these very acts is now underway!

My last word to all the 'gold bug' haters (and I've heard as much of their off-handed microscopic minded comments as I care to hear!) is a quote from George Santyana,

Those who don't learn from their history are doomed to repeat it!


EDT
Chicago, Illinois

Things You Would Never Have Said Eight Days Ago

Erick D.T.

My first impression of the SEC's head's testimony before the senate last week was that he had no concern for nor intenion of protecting any sector of the market from 'naked' short selling except his friends in the financial arena. Junior gold and other precious metal and mining stocks are being mercilessly 'carpet bombed' by ruthless short sellers, minutes before markets close each day, with impunity!
The apparent objective of these tactics is the forcing down of the
stock's price of these companies and subsequent 'panic-selling' by frightened investors unaware of these behind the scenes stealth
activities! Of course the result of these acts can threaten the stabilty of a company (particulary small caps whose capital resources are limited, but also large cap stocks one of which was affected in this way by a CNBC commentator who confessed on a Street.com interview to doing this very thing himself when he was manager of a hedge fund in which he had upwards of 25 million dollars at his disposal with which he knocked down the stock price
of several large cap companies! (See financial sense.com archives) This has been going on for years in the markets, now when suddenly the spector of short selling financial stocks occurs, on the
scene appear the three stooges of American Government (I won't
mention them by name!). These three pigeons have been chosen
to dutifully camouflage the well orchestrated rape and pillage of the average hard working investors money.

They should (all three of them) be summarily executed!
Amen.

The Precarious & Problematic Potash Pyramid at Potash Corp. (Part IV)

Mr. Martin,

I understand your logic and argument concerning POT, but allow me
to say your presentation is a smidgen condescending and far too
convoluted to be understood by the average person who hasn't
the slightest idea of who the Ancient Mariner was (thanks to the
slothful american educational system among other sources of ig-
norance). Besides there are other stocks in that sector that show
promise and are much less expensive than POT.

EDT

How to Play the Dollar's Fall With ETFs

EDT

Your article was intereting but gave not specific etfs tied directly
to the US dollar particualarly for shorting. Did I miss something?

Erick Tippett
[e-mail]

Economics of Oil Futures Trading, Part II

Mr. Perry

I understand your explanations concerning the economics of oil futures trading quite well. However, to expect the American public, which is woefully uneducated in economics, to grasp these concepts concerning market dynamics is rather unrealistic in my view however unfortunate.

You also mention the quote of Bloomberg's Hasset that if speculators raise the price of oil today it forces people to voluntarily
use less oil. You also personally comment that "speculators don't
recieve attention when they are lowering spot prices, but only when they are raising spot prices".

Assuming speculators are in the business of making profits, my question in view of these statements is, do speculators profit
when they are influencial in lowering spot prices as opposed to when they are raising them?

Gold Bugs Emerging in Some Unlikely Places

I was reading an article on valuation of silver junior mining companies
this evening, but when I went to reduce the chart I had enlarged and that accompanied the article, a young lady had so ably written, I lost the screen!
How can I track this article down, I can't seem to find it. Do you have the exact title and author.

Thank you.
Erick Tippett
[e-mail]