Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: Rascal who wrote (7547)	9/28/2002 1:41:41 PM
From: Jim Willie CB	Read Replies (1) of 89467

JPM: sub-20 means under capital reqmts for derivative mess Sinclair has said 18.5 on two straight days will result in enough forced liquidations to begin releasing gold to the point where gold will surpass the #330 barrier of resistance I know nothing more than this JPM shares did not benefit from Wed-Thursday rally they closed the week at 18.34, near lows of 18.26 as always, let me close with my refrain "UCK'EM" severe earthquakes coming funny how many more general alarms being sounded on the stock markets, but few focus on the derivative risk that could easily be 10-15x larger than LTCM in 1998 whenever the severe kick in the ass sends Dow and S&P down the staircase, I expect a Vicious Cycle to unfold with some acceleration Sinclair calls it the "Down Spiral" and believes only the reinstitution of the Gold Cover Clause (partial gold-backing to USDollar) will stop the spiral / jim

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