Jim Willie- killed me on his silver call last May. He was calling for Silver to explode right before it crashed. It's been a long, cold year for gold and silver bulls. This guy does not strike me as a trader. His claim to fame seems to be kissing Richebackers ass and talking in some pseudo, high brow econo speak.
The guy has been calling for the dollar to crash and burn, the world to blow up in economic chaos and gold & silver to breakout for ages now.
He is like all the other bullshit artists on gold-eagle and kitco. Its like he's trying to impersonate the Mogumgo Guru, or something with all his mumbo-jumbo. I still say the guy needs to learn to speak F*@#^&n english and quit trying to sound like Richebacker.
The guy is a CLOWN in my mind.
Here's some of his recent editorials and my comments in bold.
Ron
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Shocks, Webs, Liquidity & USDollar
Jim Willie CB
Jim Willie CB is the editor of the "Hat Trick Letter"
Mar 2, 2007
321gold.com
“But the flow of money which is constantly reflected in the gold price will remain brisk enough to lift that gold price. Is Goldman playing games, exploiting the cheaper gold price for large new long positions? Methinks probably yes.”
GOLD FRONT & CENTER
“This here analyst expects gold to rise admidst a number of cross currents. Gold will rise regardless of negatives and with the support of positives. The money supply growth will be relentless, especially given the credit problems and bank debacle underway in its mortgage chambers. The systemic price inflation will return to full gait upward, as energy prices have revived, wage demands will persist (outside Detroit), and an avalanche of liquidity inexorably works its way into the price structures. The advent of Chinese trade protection seems on our doorstep. With less importation will come higher permitted prices, maybe even broad worker pay demands, perhaps even shortages which always are accompanied by higher prices. My gut tells me that gold rose in the past few months quietly and without attributable reason, but in the next few months the list of reasons why will grow to be well understood.”
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Gold & Silver Stealth
Jim Willie CB
Jim Willie CB is the editor of the "Hat Trick Letter"
Feb 20, 2007
321gold.com
“I don't know about you, but 9 powerful PRO factors in progress, versus 4 CON factors (some unlikely) seem like great odds to me for a gold price increase toward new highs. The pros and cons line up to do battle over the gold price. Of course, for each gold price growth factor cited, the same applies to silver. These factors are discussed and fleshed out in the February report due this weekend.”
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Summits, Trade War, Gold
Jim Willie CB
Jim Willie CB is the editor of the "Hat Trick Letter"
Feb 2, 2007
321gold.com
“My view has been steadfast for several months. The gold community will benefit from the upcoming, ongoing, broadening, and deepening banking sector crisis born out of mortgage industry.”
WRONG! – Gold cratered with everything else.-Ron
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Ultra-slow Motion Gold Bull
Jim Willie CB
Jim Willie CB is the editor of the "Hat Trick Letter"
Feb 1, 2007
321gold.com
“Imagine two smallish men attempting to walk a mastiff hound weighing 170 lbs (80 kgm) when a cat crosses the path. Gold will run in an endless march uphill powered by phony money and omnipresent printing presses, whose machine operator hacks will be continually motivated to avert an economic meltdown from bubble collapses. Since the currency system is unfixable, and debt must accelerate, the gold bull will breathe endless life, since the alternative is a rampaging recession aggravated by debt default and asset deflation. Such is not a viable acceptable option. Attempts to subdue the bubble propagation will be brief and fitful, sure to be abandoned, since the USEconomy urgently requires them for sustenance. Silver will ride gold's back, aided by depletion, widespread industrial usage, restricted delivery, and unpublicized default.”
The HUI gold stock index is still down nearly 20% from last May’s highs. I would NOT exactly call that a “slow motion Bull? How about a year of pain and suffering for gold and silver bulls (me included) who got beaten down on every single rally.-Ron
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Gold Brushes Off Oil
Jim Willie CB
Jim Willie CB is the editor of the "Hat Trick Letter"
Jan 26, 2007
321gold.com
Behold gold! Check it out its strength relative to the broad Commodity Research Bureau index in a ratio analysis. Note the powerful uptrend in the MACD (moving average convergence divergence) series. During the energy correction in the last autumn months, the ratio gained newfound momentum seen in the upper cyclic chart. GOLD LEADS THE COMMODITIES NOWADAYS, WITHOUT QUESTION.
Behold silver! Check it out its strength relative to the broad CRB index. Note the powerful uptrend in the MACD (moving average convergence divergence) series. During the energy correction in the last autumn months, the ratio gained newfound momentum seen in the upper cyclic chart. SILVER ALSO LEADS THE COMMODITIES NOWADAYS, like Robin is to Batman.
Behold- Silver? I be holding it since it was $15 and you said it was going to $20, and now its $13 asshole!
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Gold Impetus & Risks
Jim Willie CB
Jim Willie CB is the editor of the "Hat Trick Letter"
Jan 12, 2007
321gold.com
“The gold and silver prices will zoom when desperation sets in for the US Federal Reserve.”
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