Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: Sully- who wrote (5825)	9/6/2002 12:14:49 PM
From: Jim Willie CB	Read Replies (1) of 89467

not sure, Tex... maybe sell 1/3 to 1/4... maybe not we have a gathering storm it appears we have begun the Iraq Attack already gold is slowly rising, not spiking up at all gold today is over #320 that is a more stable foundation from which to jump past #330 we are approaching the high season for gold now its next low season is March my July and August purchases are all up 30-40% I didnt give up the theme or story the cheap discounts back when all the turkey turds were moaning about gold going to #280-295 were just that, bullshit I didnt believe them then, and dont now they dont no shit about shit when it comes to gold the biggest most dangerous shift regarding GOLD is the gradual movement from gold as commodity to gold as alternative stored capital asset gold already is viewed as a currency alternative if it werent, then why does gold have a 65% negative correlation with the USDollar? if not, then why a 85% negative correlation with SwissFranc? this transition will gain speed, imho when Dow comes down another 2000-3000 pts, we will see more discussion of gold, and far more discussion about INFLATE OR DIE gold skyrockets when the Fed actively encourages inflation the last time they did so was 1975-1980 I remember history, I lived it 95% of Americans dont know shit about shit in history THAT IS PRECISELY WHY THEY ARE REPEATING 1930-32 NOW they are soon to lose another 30-60% in their stocks did you notice that Pimco's Gross offered no estimate on how low NazComp would go? because he probably thinks it will go to about 300, and chooses not to cite such a low figure that is about where I expect NazComp to settle... 300 I hang onto my gold shares I like two others now, but havent diversified yet NovaGold and TanRange NRI.TO and TNX.TO NovaGold may own the world's largest (and still growing) gold field it is outside Nome Alaska my fave is still SEAbridge Gold (SEA.V) SEA.V is up 35% since early August heading to CapeCod for 2 days of camping, biking after lunch / jim (LTBH golds)

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