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

To: Jim Willie CB who wrote (106)	6/6/2002 4:41:07 PM
From: SOROS	Read Replies (1) \| Respond to of 89467

I hear wind noises. finance.yahoo.com

To: Jim Willie CB who wrote (106)	6/6/2002 4:46:18 PM
From: Mannie	Read Replies (2) \| Respond to of 89467

Seabridge was up almost 16% today... Interesting post from the Strictly Dilling II thread... To:longdong_63 who wrote (13941) From: SliderOnTheBlack Thursday, Jun 6, 2002 1:42 PM View Replies (1) \| Respond to of 14011 re: ["The fall in the bourse's gold stocks came in the wake of a large after-market trade in New York last night, with an unnamed fund liquidating 5,000 futures contracts, a move which knocked the price first to $326/oz, then to $324/oz and finally to $321/oz, where some dealers reckon it has found support. Interestingly, one senior Johannesburg-based trader says the long-liquidation by the fund appears to have been an intentional strategy to lower the gold price. He could not give reasons for the fund's alledged intent, although he said it could have been a move designed to lower the gold price in order to buy in again at lower levels. The sale was executed using the 'Access' system on Comex, which allows for anonymous trading by large funds. The trader said the sale was made in an illiquid market, between the New York close yesterday and the opening of the Tokyo market this morning. "They also sold illiquid months and that pushed the price down. It was definitely someone trying to butcher the market," said the trader. The deal was done for 2,000 December contracts, a particularly thin month, and 3,000 August contracts. It sparked a series of stop-loss selling which the trader said created a feeding frenzy among those long gold bullion; this brought on the long liquidation many market commentators have warned of in recent weeks."] $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$*$ quote/unquote - an "intentional strategy to lower the gold price" in an after-hours, illiquid market, trading illiquid months ? whodathunkit ? ...let the "games" begin ~ Imho: 1. They can not and they will not be able to knock gold down this time... the "jig is up" 2. Crashing Federal & State Income Tax Receipts amidst an imploding debt bubble... does "that" combination sound like a positive environment for an economic recovery, a new Bull Market in paper assets ? - or A RECEPIE FOR COMING DISASTER ? 3. Continued, accelerating Foreign repatriation from US assets 4. Falling US Dollar - that must and will continue to fall...for our own benefit...and technically with our growing account deficit - it will. 5. "real" inflation everywhere from Medical, Healthcare, Insurance, Taxes, Housing etc - virtually everywhere except commodities (that's next VBG). 6. The Sword of Damacles - the looming - when, not if - DERIVATIVES IMPLOSION...."this" is the biggie and "this" is the parabolic blue-sky catalyst for the POG. PS: the dollar strength vis a vie - Japanese intervention; is not a sign of dollar strength. FWIW... Big & Old Money has FINALLY seen the light... and they are scrambling folks. We are about to see a massive concerted effort to publically "talk down" gold, to ridicule those who have shifted to gold as a hedge and accentuate it's move as an anomalous temporary abberation - simultaneous to a coming massive inflow into gold from themselves - the elite old money crowd... just watch. The "Old Guard" has finally seen the light and have real fear... Stage II of the Gold Bull is now boarding...and Mr. & Mrs. Main StreetUSA will be left holding the paper asset bag. - it's going to get "real interesting" here shortly folks.... just watch ~ As I said before... no reason to sell untill we see the "white's of JPM's Eye's"...and we will - before it's all over.