A Jackass, his PAL(indrome), and GOLD Message Board

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Pastimes : A Jackass, his PAL(indrome), and GOLD

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To: smolejv@gmx.net who wrote (72)	1/10/2003 1:08:01 PM
From: Jim Willie CB	Read Replies (2) of 1210

jobs deterioration very expected by this jackass now seeing detrimental effect on the USDollar, at 101.5 economic recovery prospects seem to be under assault by reality they can trot out the same bullshit 2ndHalf Recovery doesnt mean that it has any more value than last time which was nothing but hype spin hope crappola promotion of self-interest sad really quotes.ino.com 100 parity should be reached before February Euro was at 105.6 this morning, the sole currency beneficiary behind the recent dollar decline I recall goombas saying Euro would stop at 100 parity I didnt think it would stop there, not for a minute but at the time, it made good promotional sense to say that by the inept press/media gold seems very comfortable in the #350 zone now pushing #355 press/media thinks gold has made its run now, and with some resolution in Iraq (war or peace) that gold will retreat quickly dont count on it, as jobs report will keep interest rates desperately low the major reasons why GOLD is rising has to do with negative real shorterm Trez rates (not war) and horrendous twin tower debts (trade, federal) low rates should continue for a long while twin tower debts should each worsen so dollar demand will dwindle, while dollar supply grows I believe the press/media position on gold and dollar is predicated (very mistakenly) on continued demand by foreigners for USTBond debt securities, even as our federal new issuance (added supply) increases, and as our economy slows further we are at stall speed in the USEconomy now I expect a recession to hit by summer, led by car sector / jim

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