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Strategies & Market Trends : Strictly: Drilling II
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To: yard_man who wrote (3679)11/6/2001 2:52:25 PM
From: isopatch  Read Replies (2) of 36161
 
Great minds....<g> Boosted my KGC position by 60%

on the 1/2 pt cut. Position is now 70% filled vs zero 10 days ago.

As to your question. It's my guess that as part of the emergency Congressional appropriations since Sept 11th, PPT received a huge budget increase under some non-descript catagory<g> for more and bigger prop jobs any time the market takes a hit. Justified, of course, as part of the war effort know as domestic morale.

"Job One" will be to try to hold the $ up as long as possible. Once the dollar finally tanks the foreign capital our markets have sucked in from all over the world will flow back out collapsing all our markets and gold will take off.

THE KEY factor holding gold back, as I see it, is the remaining IMF gold hoard. It's the only large stash of bullion that the socialist manipulators haven't already leased out to artificially suppress the gold price. We can only guess about how much longer this end game will continue before "....time's up". But I'd be surprised if it lasted beyond 1st qtr of 02'

In the meantime, the best they can do is try to manage the ascent. 1st to $320. Then $340-350 in as "orderly" a manner as possible. Meanwhile the spin will attempt to paint it as a "natural adjustment". And nothing significant. HA!<g>

$340-350 is probably where they'll attempt a goal line stand. Once we blast through there, the real fun will begin. But it might take until well into next year. There's no way to nail down a date unless you get a peak at the IMF's "second set of books"<lol>

But the sand in the hour glass is getting lower and lower.....<G>

Isopatch
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