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

To: Wharf Rat who wrote (52109)	5/28/2002 10:49:20 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 65232

ouch NEM acqd hedges... dollar dropping, look out below in every way shape form considered, forward gold sales are corrosive and acidic to balance sheets thanks for passing this Newmont news item imagine what happens to miners who have this all over their books I smell bankruptcy for Barrick Placer Dome has 11% of their gold trapped in hedged sales Barrick's will be hidden in offbalance books I read that their shareholders are demanding more disclosure what a sorry bunch of fools and their creditors are demanding margin money, as in margin calls dollar is descending again quotes.ino.com precariously near breaking below support at 111-112 and gold is holding on to the 320 handle /jw

To: Wharf Rat who wrote (52109)	5/28/2002 11:14:41 AM
From: Jim Willie CB	Read Replies (2) \| Respond to of 65232

hold onto jockstraps, gold breaking again... touched 325 kitco.com I expect a breakout to 335-340 before some consolidation the Gold Cartel has officially lost control the market realizes this, smelling blood meanwhile, the dollar is breaking down, now near 112 flat quotes.ino.com the dollar is NOT the only reason gold is rising I believe 20 reasons are pushing it up the major ones: - near zero real rate of interest deters bondholders - trade debt widening rapidly - world tension with several international pressure points - lost control by Cartel suppressing gold - miners are covering their disastrous hedges - JPM remains a potential derivative desk bombshell making money hand over fist for first time since QCOM days oh, the Halcyon Days of yore !!! looking forward to some real big gold updays later this year and pocketing $100k per day / jim