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


To: mt_mike who wrote (51974)5/23/2002 2:23:43 PM
From: Jim Willie CB  Respond to of 65232
 
suspect behind-scenes JPM bailout on gold supplied
in form of first-in-line CBank sales to cover shorts
if not all, then certainly many
they will probably compromise on this agreement
any way you cut it, the deal will be criminal and sweet

the only alternative is much worse and more disruptive
as in, repudiation of precmetal futures contracts
and temporary closure of Comex in precmetals
I cannot see that happening

so I opt for likelihood of sweet deal sale to JPM
what is another 100 tons when they sold 50% of Fort Knox already
????????????????????????????????

this is a huge Fed/JPM scandal in the making
coming this autumn, my guess
/ jim