SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Strictly: Drilling II
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jim Willie CB who wrote (28286)2/18/2003 4:26:36 PM
From: SliderOnTheBlack  Read Replies (1) of 36161
 
Tokyo-JoeWille re: ["a USDollar move from 100 to 80 will bring about the following:

- 30% cut in Dow
- $100 to $150 rise in gold, minimum"]

...funny how none of the Mega-Gold Bull Web Sites and the "Gold is going -Too the Moon-Alice" Goldbuggers here are mentioning one little problem with the coming end of the USD ?

- that China has it's currency fixed to the USD.

A little complexity there my hairless friend.

...then there's Japan that also wants a weaker currency.

Then there's that little fact that not only is a lower dollar now part of US Policy and a positive for America ! ... and that the Euro-schmuro was orignally pegged at $1.17 only 4 years ago and where was GOLD then Tokyo-JW ?

Euro at $1.069 today... lots of room to run to $1.17 and that didn't drive Gold then, why now ?

Seems like the USD can obviously weaken considerably against the Euro from here and still be in "been there & done that" territory that didn't catapult Gold.

Was the USD at 115 a good short play ? - obviously.

Is the USD going lower ? - yes, obviously.

In the recent past, has the USD been significantly lower - without Gold being significantly higher ? - YES, QUITE OBVIOUSLY.

...then there's your "Staples Express-lane Cashier" statistical assessment; that a 20% contraction in the USD will = a 40%+ rise in Gold ?

You obviously pulled that one out of that gasseous black hole - called Uranus.

Lots of other Mega-Gold Bulls on record for saying that a 20% contraction in the USD will only raise gold a max 20% ?

...I guess your "Jim Willie versus the Volcano" B-Movie rehash of all the other 3 year old Mega-Gold Bull Web Site articles-end of the world Gloom & Doom tripe, is an attempt to self-elevate yourself above and beyond the the Gloomiest of the Doomers; to become the Doomerest of the Gloomiest ?

One clue:

Play the "game" and Race the "race" - that the Market is putting in front of us, right here - right now.

Let the Rain Delay play itself out...and we'll worry about the "rest of the race" - later, if indeed; there even is a "rest of the race"....as that is yet to be determined.

PS: GOLD Short update !

CEF leads the pack down today, under the $5 margin level...and still trying to swim against the current carrying all that "premium" around it's ankles (VBG) !

Ka-Ching.....will re-join y'all to play some more after dinner, tonight.

Don't overplay your "end of the USD hand" just yet Tokyo...China & Japan have a little say in it too, you know (vbg).
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News