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


To: t2 who wrote (51216)5/10/2002 10:12:34 AM
From: Jim Willie CB  Read Replies (2) | Respond to of 65232
 
yes, Euro-Dollar parity coming... questions on Yen moves
the Yen is the bigger mystery to me
the Japanese Govt and US Govt are equally culpable in running the monetary printing press 24x7 at a criminal rate
I read the Yen money supply has also grown by 30% in the last year plus, just like the Dollar

but the big difference is that only the US$ is used as a store of value, an impostor to gold
so as gold rises, dollars will be redeemed, and have been redeemed, for gold
my understanding is that most Yen printed are being used to fend off mindboggling and crippling internal deflation inside Japan, staving off an economic collapse
this is no exaggeration
the mismgmt of Japan is one for the history books

despite all the hubbub with the Massive US Stock ShortCover Rally.....
MIGHTY GOLD IS STILL AT 311, CRUSHING JPMORGAN'S ARROGANT TESTICLES

GOLD is higher now than it was on Wednesday same time of day
KitCo chart is great
London and Europe pulled GOLD up overnight
German buyers are defying the Central Bank conspirators

I expect an uptrend of 5pts per 3-4 weeks
then the JPMorgan entrails will be spilled
the fear that ensues from a banking crisis will be hugely good for GOLD
/ jim