A. Koke

Geithner's Tax Troubles Give Obama a Chance to Get It Right

Free Trade is OK. US gains from it. But Geithner has to go. No way. He has not shown he has any creativity in how we are going to solve our problems. He helped create it.

Going For Gold With Yamana

Any body know if AUY has any hedges in Dec 2008???

Central Banks Battle the Deflationary Spiral

I am holding some junior gold company stock and I wish gold would go to $3,000, but I don't see this happening. Mr. Sobolev's article on the history of gold stock since the depression shows that gold stock has been up and down like a yo-yo over the past 80 years. Gold itself after Nixon unhooked it from the dollar has also been up and down violently.

What about the price of gold from 1200 -1900, did it bounce up and down like a yo-yo when it was real money. I don't know, but I have a feeling that the violent ups and downs in gold stock and gold now are signs that gold's value is dying and we are witnessing its constant attempt to revive itself from the dead helped along by the myth makers. When you have semi-conductors and cell phones where is the magic in gold. We have lots of things that are better than the alchemy of old, no need to conjure some magical value in gold.

80 Years' History of Brutal Gold Stock Corrections: How Does Today Compare?

I found Mr. Sobolev's article very interesting. I knew that stocks like Lake Shore Gold went to $60.00 during the depression and stocks like Dome, Teck Hughs et al did very well, but I was unaware that from 1939-42 gold stock had crashed, so I found the article enlightning. But the "cash rich junior producers and explorers which sit on good deposits will undoubtedly have a bright future" caught me by surprise. Where do you have cash rich juniors. One mine I know is sitting on 7KK oz of reserve and has $120KK cash on hand. So what, they need $500KK to go into production. Where are they going to get the money. Even diluting the stock will not get them enough money to go into production.

A. Koke