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Politics : Stockman Scott's Political Debate Porch

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To: surfbaron who wrote (1659)7/9/2002 11:31:26 AM
From: Jim Willie CB  Read Replies (5) of 89467
 
pulse: gold #313.6, dollar 105.8, HUI 131.5, XAU 75.2 >>>

HUI goldbug index was stopped exactly at the bear triangle downtrendline
if HUI fails at 131-132, then it will quickly head to 120
then time would quickly run out on a triple top failure

watching closely
in my gut I think we are setting up a July stock rally
pure sucker's rally
the press/media stories have already begun
expect them to continue

economy on the mend
new jobs being created
productivity is strong
inventories must be replenished
rates are low
dollar stabilizing
lower dollar excellent for exporters
inflation is low, offsetting higher import costs
energy costs are subsiding
TrimTabs with new favorable inflow of funds
no July4th terrorist attacks
gold rally died
no new scandals in the last two weeks
tough enforcement of governance violators
WorldCom guys got grilled before the world
peace on earth
the system works

start me off with a spittoon, then a barfbag
/ jim
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