Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Jim Willie CB who wrote (27710)	2/9/2003 2:39:16 PM
From: SliderOnTheBlack	Read Replies (3) of 36161

JimWillie CB re: ["views on PIMCO's Gross purchasing gold or PM stocks ??? jw "] Yo, Mr. Corned Beef ? ...wasn't JPM supposed to have collapsed and triggered a derivatives armageddon by now (vbg) ? And didn't Sinclair (?) tell us that once GOLD broached $352 - that was the level the shorts would be broken and we were going straight thru the roof ? Well it looks the the Gold shorts are far from "broken" here ? ...and do ya kinda be thinking; that maybe, just maybe...if it's in their best interest; that the CB's have a little more Gold they could dump on the market, if needed ? And do you think "they" are going to let "the Canary in the Coal Mine Alarm" to ramp unbridled here during this precarious Geopolitical/Economic crossroads ? Steve Forbes, Jack Kent & many others were calling for Gold to be unshackeled and allowed to run to $340ish... and taking out the anticipated (should have been anyway (vbg) Pre-Iraq War HEDGE spike thru $380...that's the level we now find the POG. Too many people here expecting, or betting on once in a lifetime, or first ever... type of events occuring (derivatives collapse, Nuclear Event, Depression, Fiat Collapse)to drive Gold higher to their desired levels ? I can't imagine a more emotional and less logical trading strategy; than that...

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