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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Clappy who wrote (49334)	4/2/2002 10:43:53 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 65232

mining top? below production cost? no way remember that Wall Street does possess some intelligence they can reason thru the bubble sequence just like me if 50% of silver mines are shut, due to artificial low prices, then not a top dont be duped we have seen all highcost gold and silver producers go out of business see Sunshine, see Coeur d'Alene (near death) we have seen consolidation due to desire to share cost structures and mgmt overhead equilbrium price of gold to satisfy supply/ demand is 500-600 equilbrium silver price is 25 wait at least 18 months before employing your contrarian gears the contrarian signals will be like: - ads in press and TV to buy your gold & silver - ads explaining the benefits of precious metal investments - your stupid neighbor telling you about discovering gold Klapp, this thing is in the bottom of the 1st inning plenty of resting points plenty of deception points with the stock feeble upcoming recovery, plenty of alternatives but watch the physical price chart this is early relax /jw

To: Clappy who wrote (49334)	4/2/2002 10:51:28 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 65232

two ultimate ongoing BUY signals for GOLD 1. near zero real rate of interest (bond funds will exit credit market slowly some will go to stocks, small amount into gold) 2. mining firms are buying gold from central bank sales (unwinding their unwise forward hedges the most laughable irony of all) by the way, real rates remain near zero now the longer they are near zero, the bigger the gold spike will be in viewing the future, I expect three big waves and three little legs within them I think we have just finished the 1st leg of the 1st big wave you better shape up, slackjaw here is an assignment find me a website with four silver futures prices nearby month contract, and three prime qtrly future month contracts that contango pattern is critical in a year or two, when forward months are cheaper, then that is a top signal it is called backwardation, or backwardized pattern (akin to inverted yield curve) as long as uptrend remains intact, it should be in contango (rising price in each forward month) / jw sbg