Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Crimson Ghost who wrote (78503)	11/10/2000 3:26:46 PM
From: SliderOnTheBlack	Read Replies (1) of 95453

HELLO George Cole... ie: gold not moving... meet the ESF ! The ESF is responsible for shorting the Aussie $ among other currencies -as it has allways been used as an indicator for predicting soon to follow commodity moves - ie: POG moves. The ESF most certainly has shorted Gold/XAU stocks as if Gold & Gold stocks were to jump - would there be any more widely accepted market indicator of panic ? If the market sells off; but Gold does not move; then they can point to Gold and say - don't worry; this is just an over-reaction to the political situation; if there was any fundamental worry - surely Gold would rally etc... This is the same spin they used on inflation - they used Gold & it's "manipulation/supression" to be able to point to the Price of Oil and say it wasn't inflationary, nor would it be - because the POG was NOT indicating it... Above all things; the ESF can NOT let Gold rally here; it serves as the DEF-COM 5 Red Alert Alarm to the Global Markets... trust me; Gold can not and will not rally "easilly" if at all here; not yet... Remember the Sept '99 breakout rally - in which weeks later we found out that JPM et al had nearly doubled & tripled their short/Gold derivative positions ?.... that was the ESF. The US Dollar must be supported here; Gold will be depressed and the US Equity Market will be supported - at the obvious key support levels here - ie: NAZ 3000/DOW 10,000. But; once the orderly transition is underway ... the markets will be less "stabilized" and in fact the US Dollar must be "walked down" in a controlled manner & the Gold Shorts will slowly begin to unwind positions... the ESF will insure an orderly transition; yes - the market could implode and Gold could pop; but not likely unless some other simultaneous Global Event occurs... Think outside the box & beat the crowd to the party.

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