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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (659)9/10/2003 9:59:16 AM
From: Jim Willie CB  Read Replies (2) of 110194
 
I hear you
all evidence points to an Elliott major wave #3 beginning for gold
silver is breaking out
large scale covering might be in the early stages

a big battle is underway with large commercials
versus
growing and historically large speculators
I believe we have a titanic battle underway
this time the Chinese and Russian central banks are on the side of speculators
this time seems different, dangerous words to be sure
I personally believe that China will use financial markets to tweak the USGovt's nose
they might have done just that with silver
being the world's largest silver refiner, it would be a minor deal to garner a portion of output in silver

if EW#3 is underway, then pullbacks in gold miners will be brief and regular, as opposed to fitful and painful

we will see
I love natural gas, and produce myself on a daily basis
got a nice position that is doing well
I expect winter high of $12-14
/ jim
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