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

To: Clappy who wrote (51042)	5/7/2002 1:07:52 PM
From: Jim Willie CB	Respond to of 65232

biotech represents latest lie by broker analysts last autumn I remember chuckling over a comment made during an interview some young jerkweed said something like... "biotechs are a promising sector now because they have no current earnings and no visibility to question" I laughed so hard I almost lost part of my dinner apparently some investors still believe prospective earnings matter / jim

To: Clappy who wrote (51042)	5/7/2002 1:37:59 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 65232

GOLD in NYCity behavior now unusually positive for the longest time, as soon as GOLD opens in NYC, it drops today it did again immediately at the open, down $2 but what is unusual is the move back to 311+ after the initial dip here is my understanding of GOLD trading in NYCity at the open, the Bullion Bankers Nimrod HeDevil Crooks put on big futures gold short contracts, taking it down right away they have been doing it for a few years but recently, NYC traders oppose the Gold Cartel efforts today it went right back to 311+ the bottom line is that JPMorgan, Citibank, GoldSachs are each losing big money on a daily basis from their gold short futures contracts it is a naked short position, probably illegal at least now they will lose their asses I read in many places many insider opinions that the Gold Cartel naked shorts are painfully underwater when GOLD gets above 305 and stays there we have several days in a row now above 305 in fact, we have 3 straight above 310 I believe cracks are forming the Bullion Banker Badboys are gonna cover gradually and Hedged Miners are joining them in the rush to cover kitco.com the big development that I have read about buyers is that German investors have now finally climbed aboard they are buying GOLD they must be losing confidence in all things dollar-based so now GOLD is pushed up bigtime in Asia, somewhat in Europe, with forces opposing the Gold Cartel even in NYCity and of course, Middle Easterners are buying GOLD / jim