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Strategies & Market Trends : Strictly: Drilling II
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To: nspolar who wrote (15819)7/16/2002 1:46:44 PM
From: SliderOnTheBlack  Read Replies (1) of 36161
 
...PROP JOB & GOLD PULLBACK

- "TIMINGWISE"...I think we are about to see the pullback in gold & goldstocks that can be "re-bought".

I think the prop job will work temporarially here and they'll get their little counter-trend rally - plugging the dike and praying for more positive economic news they can spin...to keep things afloat.

But, I think the consumer is turning and about ready to give up the ghost here. I think fear has arrived and consumer spending is going to collapse.

Unfortunately; the under-pinnings of the dollar, the deficit and most importantly - the systemic shocks of what will continue to be an on-going DEBT IMPLOSION - that is putting tremendous deflationary pressures on the system will continue.

Sometime between now and October the GOLD re-entry opp will unfold imho and we'll begin the next UGH-LY leg down in the collapse of the bubble.

I don't think we're prepared for the severity of part deux of this recession.

Is there something between a recession and a depression ?

- maybe an "EXCESSION" - ie: a prolonged and deep recession created by speculative EXCESS, misallocation of capital and the corresponding debt implosion ?

...that's where I think we're going... as I hate to use the word "depression" - visions of breadlines etc... don't think we'll have breadlines....but, 10-12% unemployment and consumer spending that slows to nill - may seem like it.
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