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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Jim Willie CB who wrote (47430)2/5/2002 4:09:20 PM
From: Jim Willie CB  Read Replies (6) of 65232
 
US bank problems resembling Japan's (story hidden)

marketwatch.com

JPMorgan is their poster child
watch JPM (now 30) fall steadily and relentlessly

this distress is showing up in price of gold
Japan and Asia are pushing up gold to protect capital
this gold phenomenon has opposite motives as 1980
back then, it was an inflation hedge
in 2002, it is a wealth preservation device

with US rates so low, the world is now casting a vote in gold,
which represents a vote no longer in USTreasurys
THIS REPRESENTS A CHANGE IN THE WINDS

the stock market is awakening to new realities
instability is sweeping the world right under our noses
to stabilize a boat in rocky seas, use ballast and big anchors
why is financial world any different?
GOLD, SILVER, OIL
the investment community is smartening up bigtime
gold stocks are up
and firms who heavily hedge against future prices are not benefiting much at all in share price
e.g. American Barrick
/ jim
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