PM from me to Voltaire (shared since I am banned there)
I would love to post an occasional message over there on the Old VPorch, but I have been banned since late May
of course, I would have to slip it in between the surfeit of posts offering critically informative news on raccoons, battlebots, southern weather, and other water bubbler stuff
nobody seems to step forward to oppose his overly simplistic, naive, and unfortunately incorrect views on gold
so I will share my messages to him publicly here
/ jim
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yesterday in a friendly exchange, Volt told me that the gold market is rigged, and that is why he thinks gold investments will not be profitable, and why is down on the sector
he seemed to be attempting to offer me some revelation or enlightenment on this rigged issue
here is my reply
Tom,
I am glad to hear you are doing well
you appear more clueless than you really are <G>
I have studied gold for now 8-9 months
you act as though telling me about its controlled nature is supposed to open my eyes
I knew gold was controlled back in 1995
I knew gold was controlled from 1996-2001
the reason I like gold is that..
THEY ARE LOSING CONTROL !!!
sometimes I think you are so hardheaded, that you cannot learn anything new
shorterm trading is very risky
imagine putting $50-100k in DELL during summer 1994
then after a 100-fold rise, selling it
no daily observing all facets, just sit watch wait
then after several years, sell for $5-10 million
that is where we are with GOLD now now now
I could cite you 20 reasons why Central Banks are losing control, but you probably would not pay any attention, because you know something that works
or does it?
coming down from $13M to under $1M in a year is tough to stomach
CB's are losing control, Tom
that is the big story
their central lackey tool JPMorgan is dying
I mentioned JPMorgan to you via PM in the spring/summer
remember? I said they are toast, dead
it is moving toward their death now
in Sept/Oct 2001 Enron failed to meet capital reqmts
they were forced to liquidate, leading to realized losses
which led to more forced liquidations
then a sudden death, as we know
I am well aware of the rigging by the Fed and Dept Treasury
in fact, I know 20x more about it than you do
I know how they use the Gold Cartel to execute their ambushes
I know who makes up the Gold Cartel in NYCity
I know who makes up the European Gold Cartel accomplices
I know the weapons used to execute their ambushes
I know where the cash buying takes place, and when
I know where the paper selling takes place, and when
you know next to nothing about gold, Tom
yet you find arrogant comfort in advising others while clutching onto a single piece of flimsy knowledge...
that GOLD IS RIGGED
wrong, GOLD WAS RIGGED, THEY HAVE LOST CONTROL
JPMorgan's decline from 60/share to 18.5 is proof
JPM trades inversely to GOLD
you should attempt to spend even 2 hrs/week learning about gold
you distrust the establishment lies
but you should extend this healthy distrust to gold, which is replete with far more lies
Argentina bought our lie in the mid-1990's on currency, debts
now they are dead as an economy
dont even pretend to teach me anything about gold
I have studied it at all levels
the one area I lack info the most is the actual handling of hedgebook covering mixed with gold production costs on the financial balance sheets and profit/loss statements
I doubt you know jackshit about that
let loose your pride, Tom
sequester some longterm money and buy some gold shares
they will perform like DELL and those shitty little Dotcoms
the irony is that you ridicule GOLD when their upcoming performance will rival the 100-fold gains seen with Dotcom stocks, which made your original fortune
you are not a stupid man
but with respect to gold, you are just that -- stupid
I distinguish between ignorant and stupid
IGNORANT knows nothing and claims to know nothing
STUPID knows nothing and claims to know much
good luck, Jim |
