Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: SOROS who wrote (1417)	7/4/2002 3:15:46 AM
From: Jim Willie CB	Read Replies (2) of 89467

when HUI is in (90-110) range, time to plan re-entry it is now 122.8, coming down from a doubletop failure support is at 100, then 90 with the mounting evidence of deflation, increasing activity of Central Bank intervention, lack of import price inflation to date, and lost footing for golds in recent days, it just dont pay to ride it out right now I wait for most of the above to show renewed signals - some quieting of bankruptcy liquidations - some success by CB's in stemming the blood loss - some evidence of import price rises - some stablizing of golds at lower level it will come maybe not all at the same time the paradoxical motive for golds I see is bankruptcies and fraud-related wipeouts the resulting fear leads some into golds but the consequent deflation forestalls inflation's arrival we must wait for the time when deflationary forces are external, not internal to the USA bankrupt liquidations are the internal China and Asia are the external the Fed will soon be forced to up the monetary ante and print dollars like there is no tomorrow fear have entered the hallowed inept chambers of the Fed I expect that sloshing liquidity to be directed toward commodities much more so in the future but each new liquidation might hurt golds temporarily I will be ready, unless the summer sun or a skirt distracts me / jim

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