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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Wharf Rat who wrote (52109)5/28/2002 11:14:41 AM
From: Jim Willie CB  Read Replies (2) of 65232
 
hold onto jockstraps, gold breaking again... touched 325

kitco.com

I expect a breakout to 335-340 before some consolidation
the Gold Cartel has officially lost control
the market realizes this, smelling blood

meanwhile, the dollar is breaking down, now near 112 flat
quotes.ino.com

the dollar is NOT the only reason gold is rising
I believe 20 reasons are pushing it up
the major ones:
- near zero real rate of interest deters bondholders
- trade debt widening rapidly
- world tension with several international pressure points
- lost control by Cartel suppressing gold
- miners are covering their disastrous hedges
- JPM remains a potential derivative desk bombshell

making money hand over fist for first time since QCOM days
oh, the Halcyon Days of yore !!!
looking forward to some real big gold updays later this year
and pocketing $100k per day
/ jim
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