Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: stockman_scott who wrote (1188)	7/2/2002 3:43:48 PM
From: Jim Willie CB	Read Replies (2) of 89467

XAU broken Head&Shoulder, HUI breaking on doubletop I see XAU retreating to around mid-60's and HUI retreating to support around 110 it could get worse for each, with capitulation I am noticing selling of the entire stock market now capture profits in precmetals sell the safehavens that worked until now meanwhile the CB's and their PPTeam is succeeding so far they are puncturing the spirit of gold bugs now I expect a surprise dollar bounce overnight some night I aint fighting no CB's (even if my moniker includes it) I dont expect a long bounce here, but several days maybe even a couple weeks, but who knows? I think gold and golds will be now left waiting for a return of price inflation the decline of the dollar is all well & good but golds need the consequences of the falling dollar to be realized before gold prices rise and that is the arrival of price inflation it will come thru the backdoor from imports both finished goods and components lots of them this is an early summer retreat / jim

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