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

To: steve susko who wrote (493)	6/15/2002 3:24:47 PM
From: Jim Willie CB	Read Replies (4) \| Respond to of 89467

I repeat Garz gold call because it echoes my own the dollar sits precariously at the edge of a 300-pt drop the dollar move from 111 to 108 will lead gold over #330 / jim

To: steve susko who wrote (493)	6/17/2002 1:30:06 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

curious press reporting on gold in last couple weeks three Fridays ago, Kudlow & Cramer extolled gold on CNBC they had just finished interviewing Barrick HedgeFund CEO the next week cracks formed in gold markets the following week gold came down harder taking with it gold miner stocks in a solid correction K&C were not alone pumping gold it was all over the press generally next expect a wave of negative press reports on gold perhaps in a few weeks it will mention the demonetized gold role, the central bank selling threat, lack of inflation, etc large gold stock sellers needed greater buying volume 2-3 weeks ago to exit their hugely profitable long positions in a couple or three weeks, they will need greater selling volume to re-enter their next long positions not much has changed the system still buys press reports, it seems to me but I dont expect anything to rage with gold until the summer peaks we move from low gold season in summer to high gold season in autumn that makes for a very quick turnaround Clif Droke has been the best shorterm timer I have yet he expects a whopping gold rally this August-Sept or perhaps loosely termed in the autumn / jim