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Politics : Stockman Scott's Political Debate Porch

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To: Cactus Jack who wrote (27)6/6/2002 11:54:34 AM
From: Jim Willie CB   of 89467
 
Miner hedge covering trend JUST GETTING STARTED, cool

but I expect miners will be sacrificed by central bankers and gold bankers
(gold banker means bullion bankers -- nobody carries 2 tons)

the Fed is soon gonna be forced to manage its PR exposure
they will allow miners to go bankrupt, like Barrick
Barrick is doomed with gold over #350, deadmeat
JPMorgan, Citibank, and GoldSachs will continue to call it loaned gold, margin calls by any other name

got a full list of the bullion bankers
USA: JPMorgan, Citibank, GoldmanSachs
EUROPE: UBS, AIG, Deustchebank

really surprised about Union Bank of Switzerland
these guys have several 100 years of banking tradition
they turned into money whores, allowing fiat currencies
but among all the fiats, SwFranc and Euro will do well
perhaps the best of all will be the SwFranc imho
/ jw
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