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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 174.690.0%Dec 24 12:59 PM EST

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To: Keith Feral who wrote (112238)2/5/2002 4:26:24 PM
From: Jim Willie CB  Read Replies (4) of 152472
 
US major banks starting to resemble Japanese
and it could be showing up in price of gold
JPMorgan is the poster child of US banks in deep distress
they are not alone
sure, we are stronger than Mickey Mouse foreign economies
but our big banks have deep investments in Banana Republics

Thom Calandra once again on world instability and gold:

marketwatch.com

the basic difference I see now in currency and gold are relative to 1980 mindsets
back then, investors hedged against inflation and the instability it caused
now in 2002, investors are using gold to protect from wealth destruction and disappearance, not so much as a hedge, but as an extremely loud voice screaming NO CONFIDENCE

gold is sparking up in Asia and Europe, where it has protected people's capital by 20% and 15% respectively
Japanese banks will no longer gaurantee account holders
imagine that
they are buying small gold bars
and gold miners are now publicly announcing removal of farout future selling
translation: miners are buying back futures contracts

when your boat is rocking at its moorings by the dock, you can secure it with some ballast and a strong heavy anchor
same with currency and assets

we will be seeing louder cries of NO CONFIDENCE in the months ahead
these cries are the most shrill in Asia
they are the quietest in the arrogant USA

wait until JPMorgan (JPM) is under 10
by then gold will be over $330, up another 15%
anyone watching the little gold stocks (who dont hedge) ???

if the US economy were a hospital patient, he/she would be diagnosed as severely bipolar, suffering alternately from delusions of fast recovery and depressions based on collapse, as even the experts are sharply divided

the thermometer: gold price
its rise will possibly unleash forces that undermine USTBonds
and like a domino, real estate prices
/ jim
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