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

To: stockman_scott who wrote (314)	6/10/2002 10:30:58 AM
From: Jim Willie CB	Respond to of 89467

a note on US stock indexes and US dollar signals on Friday US stocks showed some mild recovery after noontime but was it pure short covering? one indication that it was short covering is the dollar it did not move out of its recent lethargic bad range overnight, it seems Asia attempted to push it back up the midnight timeframe on INO.com chart shows this clearly my guess is Bank of Japan tried more intervention they really need psychological counseling intervention they threw away another few $B until the dollar breaks higher to confirm stock rallies, it seems purely short covering thus no sustained power to rallies just the opinion of a jackass / jim

To: stockman_scott who wrote (314)	6/10/2002 1:56:10 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

article: WHY IS GOLD LEADING THE CHARGE AGAINST THE DOLLAR? gold-eagle.com the biggest beneficiary from the unbridled dollar printing by the FedReserve Guttenberg Express is GOLD while liquidity surely helps drown the fires that burn capital from bankrupt entities, the pump prime is likely to be felt most in gold also contains some useful details on magnitude of Gold Miner hedging being unwound very large numbers here, large futures contract buybacks / jim