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

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To: Wyätt Gwyön who wrote (2730)	11/29/2003 1:03:27 PM
From: Jim Willie CB	Read Replies (1) of 110194

in dangerous phase#2 for USDollar decline and the exciting phase#2 for GOLD ascent counter bounces do not typically occur so early after breakouts we have merely peeked the heads out of windows and retreated mildly even those who follow the dollar and gold will get this wrong in phase#2, the fundamentals align with the early signals major players get onboard international markets and economies show confirming strain govt intervention mechanisms are proving toothless suddenly and the public observes and begins to join the trade gap worsened in September the capital flows worsened horribly in September keep those contrary thoughts going I expect to find them NOT WORK THIS TIME for at least 3-5 months the USDollar DXY index is not technically positioned to bounce here at all !!! the critical broken support was 92, not 90 it is fiddling & diddling, hanging by threads, just below 92 and will careen below 90 very soon honestly, I dont find much foundational research behind such calls not much on checking foreign central bank action not much on observing capital flow changes not much on noticing how miners will now want prices to rise not much on acknowledging that both major currency axes are pushing against the dollar not much on even paying lip service to the growing international movement from China to Russia to Islam to PacRim in forming anti-dollar defense alliances for commerce just a shallow gut (not meant to be disrespectful) we are in the Elliott Wave major movement phases gold (dis)believers got it wrong for the gold pullbacks and the dollar bounces for the last 2-3 months why is that? could it be that those bounces are overdue? or are we in the dangerous phase#2? GOLD will not relent until it pushes up to $420 and USDollar will not relent until it pushes down to 87 methinks you guys are late to this game are you so busy with other markets that you dont research this gold/dollar market very thoroughly? Richard Russell stated openly a few times how gold followers will lack conviction and miss much of the upcoming gains his warnings and your bounce calls are very consistent my guess is you will NEVER properly forecast a gold move over 400 I EXPECT GOLD TO VAULT PAST 400 BY JANUARY / jim

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