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Politics : Stockman Scott's Political Debate Porch
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To: Haim R. Branisteanu who wrote (79)6/6/2002 3:22:41 PM
From: Jim Willie CB  Read Replies (3) of 89467
 
gold margin calls have begun, beyond a critical price now
we are to see a handful of critical gold/dollar price levels
#315 was one for GOLD
#330 is next
112 was critical for DOLLAR, trade weighted index
108 is next
each level will be more painful for Gold Cartel
utter desperation will arrive at #400 gold
that is when bankruptcies of major banks will likely occur
I expect when the dollar is done in next few rounds, 95-96

dont make the mistake of attributing conscience to currency traders
they would be perfectly content in taking big profits
then hiding on a south pacific island with bare chested women
sipping marguaritas while the world enters depression

they are not evil
they are efficiency engines
their work is to accelerate corrections
but to be hired guns for the corrupt to enable their distortions quickly

reminded of the Old Soviet Union
three things brought them down:
cellphones, faxes, photocopiers -- as info was disseminated

this time around one thing will bring down the system:
the internet and free flow of info
the best and most competent economic analysis is on internet
the mainstream media is way too controlled
I hate saying that, because I trust much of it
but not as it pertains to dollar, economy, bonds, currencies
and especially GOLD

their PlungeTeam mantra now is: "GOLD IS JEWELRY, NOT MONEY"
they are wrong, and will find this out painfully
GOLD has been money for 5000 years, and still is money

I appreciate your thoughts
/ jw
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