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

To: surfbaron who wrote (52403)	5/30/2002 3:28:58 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 65232

silver pullback, dunno, more likely quick catchup to gold SIL pulled back nicely today it topped above 17 last week, now just under 16 that is still my monster fave silver stock silver metal closed in NYCity at #496 so if continued breakout is coming, silver stocks will rise dunno really I think far far far too much is being made of gold and silver stock Technical Analysis toss it out the window the USdollar is teetering it now played all day below the Sept-Oct01 low at 111.4 it closed today at 111.08, with low of 110.88 next line of support is 108 roughly and then you have the extreme potential of a gold desk blowup with bullion bankers and hedged miners pushing up a geyser I think gold/silver/dollar fundamentals warrant a massive upmove in gold & silver very soon the stocks are reacting very orderly, with intraday backfilling like today my gem SEA.V pulled back to C$2.85, then up to C$3.12 as long as we see orderly backfilling intraday, the likelihood of serious airpockets and multi-day downers lessens but the likelihood is never removed toss charts out the window, Surfer expect a gold eruption and dollar mild panic very soon it is all heavily supported by their fundamentals huge demand for gold, huge supply of dollars with probable heavier future demand for gold and probable heavier future supply still of dollars today I heard a feckin moron on CNBC while donning socks they guy actually believes the 70,000 new air marshalls hired by the USGovt will be a huge stimulus to the economy and spending wow, how daft !!! how about a huge increase in federal debt even as inept Congress wrestles with raising $6000B limits so this equivalent of 4 new Army divisions will add even more billion$ to both the fed debt AND to foreign held dollars already in oversupply many analysts and smart people are making a horrible mistaken assumption THAT FOREIGNERS WILL CONTINUE TO GATHER AND STORE DOLLARS I think that assumption will be shattered and a 20% USdollar decline is in the cards by 2005-06 this decline is unfolding rapidly as this occurs, GOLD will surpass $1000/oz the implications to the major US stock indexes is serious and indirectly to the smallcaps, dire investor ignorance of currency and macro-econ will be deadly this is a ModernDay repeat of the Great Depression without continued Fed Inflation, bread lines would form we have extreme levels of inflation it will show up via imported goods and declining dollar I read yesterday that US has a 12% annual price inflation rate from imports NOW (exactly what the Jackass predicted in March-April) the imported price inflation rate will get MUCH WORSE / jim