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Gold/Mining/Energy : Precious and Base Metal Investing

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To: Bruce Robbins who wrote (8133)2/26/2003 4:14:00 PM
From: Jim Willie CB  Read Replies (2) of 39344
 
market can absorb more tonnage with each passing week

Bruce, we are in a new longterm bull market
let them sell

back in 1999, how much new CSCO stock supply could be absorbed by the bull market?
or IBM?
or QCOM?
or ORCL?
or EBAY?
or INKT?
or AMZN?
or AOL?

are you kidding me?
this gold bull is gathering power and speed
I am amused at how much it is doubted by its own investors
just tells me we have a long long way to go up

back in the early summer, some clowns were predicting all the Central Bank selling to send the price of gold back to #280
remember those lunatic claims?
instead it hit #390 !!!
they totally overlooked the gold miner hedgebook buybacks
I didnt

each quantum drop by the USDollar ensures another drop of nearly equal amount
I call it the USDollar Decline Vicious Circle
the next drop is due any week now to about 95-96
that will bring us a gold runup toward #400 quickly

some smart gold guys are expecting POG to retreat to #310
not me
I aint smart enough to believe the detrimental effect of CB selling in news
we vastly underestimate the Chinese, Russian, and other Asians

put their surplus figures into perspective
Sinclair offers the data
combined Asian reserves (securities plus gold) total over $900 billion
it is diversifying into gold
which is only asset group rising in value for them
Asian demand overwhelms the CB supply
gold miner buybacks only water down that supply anyway

enjoy the ride, while the US and West decline
and China rides to the top

/ jim
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