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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Louis V. Lambrecht who wrote (22235)10/21/2001 9:48:15 PM
From: isopatch  Read Replies (1) | Respond to of 52237
 
Louis. Efforts to prevent suppress gold probably higher priority

as part of war effort to support the dollar.

IMO, it's quite likely that the US Gov has given the PPT an enormous budget increase to influence or even manipulate various markets with the relative thinly capitalized gold market high on their list.

In the long term? This will fail. But, for now, it will prevent a gold bull market from taking off. In essence, the gov is subsidizing massive bullion bank shorts by driving gold lease rates to the lowest levels I've ever seen, last week.

Until lease rates turn substantially higher, my call is there'll be no sustained gold rally over $300.

Isopatch



To: Louis V. Lambrecht who wrote (22235)10/21/2001 10:18:06 PM
From: velociraptor_  Respond to of 52237
 
LOL!! Thanks Louis, for the additional info. I'll be reading those reports. At this point, those higher numbers really don't surprise me. The silver derivatives alone is a definite problem, but I have heard that the gold derivatives could be even worse, particularly for Goldman Sachs.


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