VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: T L Comiskey who wrote (52504)	6/2/2002 11:06:48 PM
From: Jim Willie CB	Read Replies (2) of 65232

silver will be explosive, gold is sooner explosive just read that combined short positions by commercials held worldwide in futures contracts has committed the Gold Cartel (and their associates) to buying a sum of gold equal to 60% more than the combined Central Bank gold holdings across a dozen or more national treasures !!! wow, awesome, devastating gold will eventually be valued accordingly only question is when we will surely see informational attacks by the Gold Cartel next but I have come to learn that two Asian gold traders are extremely deep-pocketed they are known only as Dr.No and Hung Fat they buy all the dips, and have far more money at their disposal that the Gold Cartel has left the Cartel is slowly leaving the game (e.g. JPMorgan) the volcano will be gold the rocket will be silver Morgan has long thought silver will see greater gains I am certain it will unfortunately, I see few silver miner bargains out there the hedging strategy by gold miners have offered us many greater opportunties imho later, the silver opps will be much greater the hedging has essentially killed the future of participating mining firms, all for accelerating profits in a downtrend an incredible story that has drained the best mines at artificially low prices and has committed the best miners to become dependent on a downtrend the result of which is they have become tools of the Federal Reserve and other Central Banks an amazingly suicidal practice and relationship when push comes to shove, I expect the Central Banks to skewer the hedged miners they will eventually buy gold back themselves, replenishing their depleted treasuries, preparing for the day when collateral becomes important again for managing and restoring value to their currencies / jim

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