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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who wrote (18465)9/9/2002 10:49:34 AM
From: Jim Willie CB  Read Replies (1) of 36161
 
as credit spreads widen, gold will rise
just read the Hastings article on FinancialSense
abstruce, theoretical, dense, brilliant
the widening credit spreads indicate severe stress to the system, and derivatives (thru gearing) suffer amplification of that stress
we are overdue about 4-6 derivative shock waves

I believe Sinclair is righton that gold is the glue holding most derivative cracks together
the derivative events are way way overdue
when it blows, gold will be the release valve

check out that Hastings article
it is not for the illiterate
/ jim
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