To: Keith Feral who wrote (112238 ) 2/5/2002 4:26:24 PM From: Jim Willie CB Read Replies (4) | Respond to of 152472 US major banks starting to resemble Japanese and it could be showing up in price of gold JPMorgan is the poster child of US banks in deep distress they are not alone sure, we are stronger than Mickey Mouse foreign economies but our big banks have deep investments in Banana Republics Thom Calandra once again on world instability and gold:marketwatch.com the basic difference I see now in currency and gold are relative to 1980 mindsets back then, investors hedged against inflation and the instability it caused now in 2002, investors are using gold to protect from wealth destruction and disappearance, not so much as a hedge, but as an extremely loud voice screaming NO CONFIDENCE gold is sparking up in Asia and Europe, where it has protected people's capital by 20% and 15% respectively Japanese banks will no longer gaurantee account holders imagine that they are buying small gold bars and gold miners are now publicly announcing removal of farout future selling translation: miners are buying back futures contracts when your boat is rocking at its moorings by the dock, you can secure it with some ballast and a strong heavy anchor same with currency and assets we will be seeing louder cries of NO CONFIDENCE in the months ahead these cries are the most shrill in Asia they are the quietest in the arrogant USA wait until JPMorgan (JPM) is under 10 by then gold will be over $330, up another 15% anyone watching the little gold stocks (who dont hedge) ??? if the US economy were a hospital patient, he/she would be diagnosed as severely bipolar, suffering alternately from delusions of fast recovery and depressions based on collapse, as even the experts are sharply divided the thermometer: gold price its rise will possibly unleash forces that undermine USTBonds and like a domino, real estate prices / jim