VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Clappy who wrote (51240)	5/10/2002 10:22:33 AM
From: Jim Willie CB	Read Replies (4) of 65232

Klappy, you continue to dismiss the effects of JPM lost control the Gold Cartel has lost control of the GOLD price the Mining Hedgers are scrambling for their lives I dont expect Barrick will even exist in two years imagine the lost supply temporarily when Barrick dies off their arrogance matches JPMorgan's demand is rising while supply is shrinking both in physical and futures contracts you dismiss the effects of lost control an eruption is in the works the market smells it, and you dont see it it is not about valuations, overbought, stocks far ahead of spot price it is about the end of the Gold Cartel remember mining experts claim the equilibrium GOLD price at 600/oz to match up supply and demand we are 50% below that !!! the difference has been made up by this suppression game leased gold has depleted 65% of England's national treasure and probably close to 50% of American treasure and probably less of Germany's treasure with public attention now centered on this travesty, central bank sales and auctions will not be happening a few years from now we will be reading about how the world's major central banks all sold over half their thousands of tons of gold at the lows the effect on establishment of stable currency backed by GOLD is extremely extremely big Central Banks will be buyers of GOLD before 2010 in a big way in the 1960's and early 1970's the US$ was pegged at $32/oz if they had the luxury of pegging now, it would be $300/oz my guess is that by 2010, the US$ will be pegged at $2000-3000/oz the biggest development in the GOLD world now is that Barrick is fighting for their very survival, attempting to ABDUCT an unhedged miner to satisfy their forward contracts spaced out over 3-4 years into the future wow, that is significant the next response I expect is to see much greater separation between mining stocks, hedged going down, unhedged going up this will make abduction marriages forced by Hedgers next to impossible then comes the death of Barrick and a few other Hedgers the combined attention of the JPMorgan fiasco in banking, and the death of Hedged Miners will cause an avalanche of money to descend into GOLD / jim

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