Strictly: Drilling II Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Strictly: Drilling II

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Frank Pembleton who started this subject	7/9/2002 2:09:21 PM
From: SliderOnTheBlack	Read Replies (3) of 36161

PPT/ESF Money Supply prop job... From the Daily Reckoning. ["...during the most recent reported week, the money supply rose by nearly $40 billion. At that rate, about $2 trillion of new M3 money would be added to the system in a year's time - an amount equal to 20% of the entire GDP! "] They have the ink and the paper (lots of it too - VBG) and they're ready, willing and able to fight the fight...to plug the dike....at any cost. THAT must be factored into the "when" part of the "when, not if" GOLD BULL scenario. Except for a Rogue Wave Event (dirty nuke etc) - the POG is NOT going to be allowed to run too far-too soon in this market & economic environment without a significant fight....read manipulation. The big shakeout is coming... I can smell it... "they" need to rally this market and do it soon & simultaneously they need to cap GOLD and cap it now. The markets are at a very tenuous position here...the dollar will be propped up, money will be jammed into the market, technical support will magically arrive when need ("they" can read charts too) and we'll continually see massaged economic numbers...the next 3-4 months for POG and Gold stocks imho, will be difficult... but, let Q3 earnings disappoint and we're perfectly set up for another BLACK OCTOBER storm...and that's about the time we should be playing Saddam a little visit. FWIW: 10% short - homebuilder/Subprime CC & Mtg Lenders/tech 10% long - airline toe dip, some gas/power plays 15% long - Gold/Silver Stocks 3% long - physical Silver/Gold 62% CASH... and 110% patient - waiting for an "Event Driven" crisis to deploy into.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next