Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: loantech who wrote (49450)	4/3/2002 5:40:22 PM
From: Alan Whirlwind	Respond to of 65232

Agreed Loantech. I think $360 this year is in the cards.

To: loantech who wrote (49450)	4/4/2002 9:21:49 AM
From: Jim Willie CB	Read Replies (3) \| Respond to of 65232

Japan is only starting to turn to gold not ending as of March31 2002, a $75k limit on CD insurance as of March31 2003, a $75k limit on savings accounts as they monetize their bank failures, they will turn to US$ and gold it will continue ALL YEAR LONG their need to protect eroding capital is of paramount importance and they are busy trying to protect $10,000 billion in my opinion the Middle East is in the 3rd inning we attack Islamic nutcases, and Arabs respond against Israel we will next pursue Sodomy, and Arabs will respond with more against Israel and my guess is against the US$/gold relationship some low risk, asymmetrically high reward here I dont think gold is just establishing a bottom and will stay there it has clearly ended the 10-yr downtrend the chart in the last two weeks made a clear initial statement that it was in uptrend rather than simply forging a bottom I think gold is reversing note the U-shaped pattern for both gold & silver that is a loud reversal pattern, not a bottom scraping pattern the key is zero real rate of interest as long as real rates remain depressed, gold will continue to be invested in the longer real rates stay down, the higher the eventual spike will be by the way, real rates have been zero since October THIS HAS BEEN THE CASE FOR OVER FIVE MONTHS !!! the next effect driving up gold will be the slipping dollar the final effect will be slipping S&P and rising CPI food/energy thus confirming energy costs have invaded price structure and then you have the nightmare on supply shortages from suppressed prices and shut mines and lest we forget, the JPMorgan-like short interest in futures contracts that exceeds 1-2 years of annual production it could be higher with offshore accounts under their roof is Enron the only firm hiding scarey investments offshore? hell no, and JPMorgan has deep ties to Enron gold @ 400 in a few years? more like a few months two things are sure in my mind 1. the longer real rates remain near zero, the higher gold will spike 2. the longer it takes gold to get over 325, the higher gold will spike I hate to sound kooky with extreme views I hate to see the naive believe anything I say blindly do you own research and reading, starting with websites I give I truly believe we are in for some gold pyrotechnics later this year it will be at least of the 1980 order of magnitude given the coordination of world markets for Y2K, then coordinated decline, now coordinated recovery, the effects of noticing energy costs, noticing lack of alternatives for hedging against inflation, and reacting to zero returns on investment with shorterm bonds, investors are working worldwide in unison to engineer this explosion it simply cannot be as subdued as 1980 but silver will be more breathtaking than gold smaller market, more easier subjected to a corner, with bigger industrial demand, growing number of applications remember: mining firms are not buying gold on the world market !!! / jim