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Politics : Stockman Scott's Political Debate Porch
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To: stockman_scott who wrote (20154)6/10/2003 10:06:26 AM
From: Jim Willie CB   of 89467
 
gold might go down this summer, but more likely tread water

if the USDollar manages a bounce, we will see gold languish
a sizeable US$ bounce is really overdue
but the euro response to the ECB rate cut tells me that is not likely
at best, I believe the AmerPeso will tread water in 93-95 zone

the G8 meeting came away with coordinated consensus to mutually destroy their currencies in order to prevent the quick destruction of the US$
that means, they will print money and buy USTBonds
so our rates will stay steady on the TENS
so gold will not do much

MY MAJOR CALL FOR 2ND HALF: Jyen will rise in a suprise
the timeframe is for a breakout below 115 in July-October
it will take many gold experts off guard (to their pleasure)
because it will unleash Asian import price inflation

/ jim
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