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


To: steve susko who wrote (476)6/14/2002 11:33:26 AM
From: Jim Willie CB  Read Replies (1) | Respond to of 89467
 
at least CNBC heads now explaining the dire conditions
Maria Bartilomo is consistently suspicious for weeks
Santelli is quality on S&P, TBonds, Currency
Mark Haines regularly gives optimistic people a hard time

this early morning I awoke and checked Bloomberg
more concise, more factual, less attempt at entertainment
even a reduced list of stocks on the streamer to observe

I dont think a fulltime financial channel can avoid the bullshit entertainment factor
David Faber's book and Ron Insana's book have little place in the publishing world
but they manage to climb onto the shelves from publicity

strange
but a shift is underway
these guys are reporting the gradual deterioration
/ jim



To: steve susko who wrote (476)6/15/2002 11:28:45 AM
From: Jim Willie CB  Read Replies (3) | Respond to of 89467
 
endweek: gold #319.0 (saw #322), dollar 110.7

I am reminded of Garzarelli's technical view of gold and dollar
she said when the dollar breaks below critical support at 111.6, that gold should go ballistic

the dollar has remained below 111.6 for over a week now
it is below critical resist levels now
cracks are forming and being felt on a daily basis

gold is consolidating now, readying for assault of #330
but I dont think it will happen until July
this is gold's low season
Aden Sisters believe gold might get to #305 if #319 breaks
it did
Adens said they see this down cycle as about a month
it started in early June
so another two weeks of pressure
good opportunity to grab more shares

/ jim