Seabridge seabf sea.v -- Goldmine in the Making Message Board

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Gold/Mining/Energy : Seabridge seabf sea.v -- Goldmine in the Making

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To: marynell who wrote (1)	5/28/2002 2:57:19 PM
From: Jim Willie CB	Read Replies (1) of 35

notes from talk just now with gold/silver coin dealer he expects gold to pull back slightly from 325 my TA chartist view is pullback from 335 he said it is now written in stone: Barrick will announce bankruptcy before Christmas JPMorgan will be revealing a blownup derivative desk before Christmas the fallout from Barrick bankruptcy will be to restrict supply since operations will be interrupted during court oversight numbskull arrogant Barrick is the biggest NoAmerican producer the few remaining heavily hedged miners will get their nuts cut off before they disclose their corrosive hedge books and HUI will further diverge from XAU the XAU might even turn flat, which will make wonderful press ABX makes up 35% of XAU index, so XAU should drop 35% soon oodles of shareholder lawsuits for mismanagement of hedge books the consequence from JPMorgan blowup will be to ignite investor demand and to bring full attention to the suppression of gold that prevailed for over a decade following this blowup will be calls for govt bailouts as risks will rise for the entire EastCoast banking system we might well see the linkage fallout on the shorterm interest rate connection with gold suppression that Greenspan and Lindsay write about by that I mean, higher shorterm interest rates which would torpedo both stocks and corporate earnings this all should bring new earthquakes to investor confidence correct me if I am wrong, but JPMorganChase is the biggest bank in the world but more importantly, I expect it will expose JPMorgan's corrupt relationship with the US Federal Reserve and calls from Congress might surface on clear disclosure of the national gold reserve status I believe 50% of our US Gold Reserves have been sold this serves as collateral to the US $6,000,000,000,000 Treasury debt thus a scandal at the US Federal Reserve doorstep by this time, I expect gold to surpass $400 easily and the Recession with Inflation scenario will be widely accepted as The Perfect Storm unfolds / JW SilverBack Gorilla

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