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


To: mt_mike who wrote (51969)5/23/2002 1:35:52 PM
From: Jim Willie CB  Read Replies (2) | Respond to of 65232
 
meanwhile, gold breakout resumes... up to 322 !!!
I dont care about govt spin and control efforts
they have had their days of control since 1995
they lost control, and that fact will soon find an EXCLAMATION POINT

if this continues then soon expect two news items on front pages
JPMorgan derivative desk blows up
American Barrick hedge book blows up
which will spark another strong leg up, e.g. 350

gold is international, Mike, a fact one cannot overlook
it has been under a tight internationally controlled lid
and now that control is gone after 20 years
when an internatl lid is lifted, all hell breaks loose
sorry, but your fears are groundless
all upcoming spin attempts will be seen as BUY SIGNALS
just like JPMorgan's gold profitaking last week
utterly desperate

if the US Treasury is not careful, they will find themselves in a few years as having one of the poorest central banks in the world
no, I disagree
the Federal Reserve will soon JOIN the bandwagon
they may have megalomaniacs, but they are not stupid
they will not sell an asset rising quickly in value
they announced vague intentions of PURCHASING gold mines recently

GreenGormless is POWERLESS now, since he cannot raise rates
this is Japan redux

we have yet even to address the sham world currency reserve and banking reserves systems
this is the TNT issue -- RESERVE BANKING WORLDWIDE

I expect gold miner stocks to have 1/2 updays, 1/4 downdays, 1/4 flatdays
and frequent 10+% upmoves in smallercap issues

the fundamentals have never been so incredibly irrefutable and strong in over 20 years
time now to plan a small summer vacation and spend some savings
/ JW SBG

p.s. still looking for Volt's bear trap (wake him up)