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

To: t2 who wrote (496)	6/17/2002 1:14:43 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

another shorterm prediction?? dont view dollar in a vacuum later in June, the $6 trillion fed debt limit gets hit and with it, all manner of hugely negative debate and attention in another week, the dollar 20day MA intercepts the daily that should pressure the dollar we may be in for an oversold rally here for stocks but dont think for a minute that European and Japanese central banks can forestall the torrent you are slowly becoming a contrary indicator for me so far 4-4 perfect record in shorterm calls since April there is serious value in such a role, but only to others central bankers are losing control, my friend sure, higher Euro currency value hurts the continent but they are more dependent on American economic recovery than we are for their decades-long socialist stodgy pathetically entrenched system to respond you seem to lose entirely any focus on the twin US debts federal debt, now "officially" at $100B but if you add SS rape, more like $500B and trade gap, fast rising at $400B have these twin towers faded away? no, only worsened by the week then you have the horrendous corruption episodes that run new weekly stories which the foreign perception has not lost sight of the trade gap is not the only gap out there a "perception gap" exists we in USA still think foreigners hold us in high regard it could possibly been at a 15-yr low, contrary to our view this plays out as departure from US stocks the dollar may be forming a shorterm base at 110-112 here to me it seems more a pattern resembling a pause than a firmly formed heel-type base foundation the gold rally is in need of a rest, and it will get it now by mid-late July, it should resume and be ABSOLUTELY ON FIRE BY AUGUST/SEPTEMBER you may still be singing some offkey tune then also / jim