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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?


To: Mannie who wrote (4)6/6/2002 10:30:27 AM
From: Jim Willie CB  Read Replies (1) | Respond to of 89467
 
Mario Bartilomo gave gold some half respect on CNBC
she followed by her aquiline nose (with leashed hook) exactly the bullshit line from GoldmanSachs that ...

- jewelry demand is down 15% yr/yr
- copper demand is down similarly
- international tension is running high
- but gold is a hard asset

to her credit, she went halfway down the path toward credible and creditable reporting
she said word is all around about a large short position in the gold metal
that this could be a turning point for gold heading down

BUT BUT BUT...
she made no mention that the USDollar is in its weakest skein since 1990 in deep downtrend
she made no mention that GOLD has recently run inversely to DOLLAR in price action
she made no mention that GOLD has risen against all its competitive currencies
she made no direct mention that GOLD is a currency at all

after the GOLD derivative event, upcoming with near 95% certainty later this year, effing losers like Voltaire will be treated to a wakeup call
his knowledge of the world macro-economic markets is about as deep as a 5th grade math class's knowledge of calculus
his experience is bounded to reading market sentiment, and even that he is barely above average
his realm is salesmanship, friendship, and female genitalia
all have their places, to be sure

but in order to make money, one must watch the major financial currents
and macro-econ reading requires such
I dont think they teach Economics in the State of Mississippi
I used to live there as a kid
the students there went to college to learn how to read

I dont care if many Back Porchers strictly migrate or not
only that key intelligent Back Porchers visit
and that some good editorial articles are dropped off to complement what others appear

they can go to the Back Porch to talk about critters, battlebots, weather, personal lives, or whatever
that has been its main value
oh forgot, and following the shorterm trading high leverage maneuvers that have nearly bankrupted over half of Volt and RR's imitators

I have bigtime respect for RRick
but not for leading others to attempt to duplicate his success
such duplication can be repeated by a mere 5% of those who try

I expect many on the Back Porch will get skewered following Volt's consistently incorrect calls
TYCO ??? right
RMBS ??? right
ELON ??? yup
a loser is as a loser does
he should stick with what he does best, and become a pimp

/ jim



To: Mannie who wrote (4)6/6/2002 12:29:34 PM
From: habitrail  Respond to of 89467
 
Fite da powa!