Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: Karen Lawrence who wrote (336)	6/10/2002 4:43:33 PM
From: Jim Willie CB	Read Replies (2) of 89467

a few reasons why gold got hit today in my view: - relaxed India & Pakistan border tensions - South African Govt announced nationalization seizures of mining industry --- (death blow to all SoAfrican miner stocks imho) - gold rebuffed at #330 resistance - NYCity hedge fund selling last week broke shorterm uptrend - possible retail investor acceptance that gold is jewelry --- (demonetized gold theory) - gold entering its low season (summer = low season) - USdollar resting at critical support level (actually just below it) - OsamaBedLinen admitted he wears Jockey Shorts after all unless & until the following occur, gold trend still up: - gold remains above #300 - shorterm TBill yield rises above 2.5% (now 1.75%) - US trade gap falls to below $200B/year (now $400B/yr) - US dollar stabilizes below 100 (now 111) / jim

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