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


To: stockman_scott who wrote (49748)4/8/2002 1:23:31 PM
From: Jim Willie CB  Read Replies (3) | Respond to of 65232
 
target: Dow 6000, Naz 1300 before next year

inflation will appear by yearend (surprise)
interest rates will rise past 10yrTNote yield 6%
gold will rise toward 350 quickly and continue
the dollar will embark upon an increasingly scarey decline

the biggest stories by December:
the dollar decline versus Euro
Federal Reserve scandal wrt GOLD
questions of JPMorganChase failure (too big to fail?)
/ jim



To: stockman_scott who wrote (49748)4/8/2002 7:47:07 PM
From: Jim Willie CB  Respond to of 65232
 
moral hazard has become central banker ideological glue
German Bund considers selling gold, buying stocks
what a great idea... NOT
buy major index basket just before reducing interest rates

gold-eagle.com

these guys are in charge of national treasures and monetary policy
what utter dolts !!!
they are willing to drain their entire treasures to avoid the consequences of irresponsible printing of money
Germany is a shock to me, the last bastion of strong Bund policy
our US Empty Policy has been exported in desperation

this mere idea reinforces the notion that central bankers behind debt-ridden fiat currency systems are incredibly desperate and backed up against the wall
they are staring at the Japan Scenario down the road

but western bankers are different
they will inflate in order to escape the box
and that is why gold will prevail
the more they inflate, the bigger gold's rise
and when they stop inflating, gold pops the weasal higher
bet against the Fed for a sure win

if central bankers sell all their gold, then the ultra-wealthy will buy all their gold
and it will privately skyrocket in value
divide the US money supply by the US gold reserves
I read that produces a gold price per oz of $27,000

if central bankers outlaw gold, then their currencies will be slammed and hammered down
if they simultaneously outlaw gold, then we are in for an interesting mindnumbing STAGFLATION that never ends
since all major economies will be seen as frauds, and a new underground economy will surface

central bankers have three choices for the 2008 BIG PICTURE:
ugly, uglier, ugliest

we have never never been in such a dangerous place in our modern history
with a few continued missteps, the Fed could wreck havoc so badly that a depression is ensured
/ jim



To: stockman_scott who wrote (49748)4/9/2002 1:52:37 PM
From: Jim Willie CB  Respond to of 65232
 
IBM is computer and S&P bellwether, not bouncing today

this is an ominous sign for S&P stocks generally
IBM is regarded as a bellwether
as it goes, so go not only computer stocks, but largecaps
they have two big bags of shite on their shoulders

they have a slowdown in orders and revenue
customers must not need any new equipment
(a tired theme from the Jackass)

they are guilty of accounting shenanigans
call it accounting engineering
but nowhere as scummy or as boldly shady as Enron
it raises the general question about true growth though

I cannot find any justification for S&P rallies here
not on increased business
not on lower interest rates
not on even flat energy costs
not on low valuations
not on renewed business cycle
not on technological breakthroughs

we are just Japan with an attitude, and willingness to inflate
next on the horizon: PRICE INFLATION
/ jim