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 (51422)	5/14/2002 10:38:47 AM
From: Jim Willie CB	Read Replies (1) of 65232

pure consolidation in my view for gold and dollar had an interesting disagreement with my coin dealer on May1st he thought by middle of May gold would be over 325 I said no way, and he belittled me slightly my claim was for consolidation before a tough push thru the critical 315 resistance level which represents the point of death for the Gold Cartel also, my claim was that the US dollar had fallen so much that a climax shorterm was imminent and the dollar would also need to consolidate so it seems gold is gathering forces in uptrend and dollar is gathering forces in downtrend the stock market is going thru its annual spring self-deception rally probably more substance to it this year than last year Cisco's report was a fraudulent joke without $2 billion in 2001 writeoffs now showing up as 100% profitmargin sales, they would be languishing reading that Microsoft accounting fraud story was chilling Enronitis is all around item#11 of Golden20 Reasons will be increasingly important in fairness to my coin broker, he points to midJune as the time when control is lost on gold price, and large scale short covering begins in earnest we will see time is on my side I regard most of this year's stock rallying as superbear counter-trend rally nothing more plenty of money to be made on it but should be dangerous when it peters out in coming months / jim

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