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


To: stockman_scott who wrote (665)6/25/2002 10:29:31 AM
From: Jim Willie CB  Respond to of 89467
 
my expectations: minor 2nd gold shakeout next 4 weeks
a little more mayhem to loosen grip of weaker hands
a minor selloff of gold back to #3teens

BECAUSE A MAJOR MELTUP IS COMING SOMETIME IN AUGUST
and it wont stop until February 2003
at least $100/oz move up for GOLD
and at least $7/oz move up for SILVER

August is the most of currency corrections, erosions, disruptions, airpockets, hotmoney movement, and earthquakes
trading tends to be thin just when endofyr forecasts become clearer
see Thailand and Asia in 1997
see Russia in 1998
watch USdollar in 2002

some major sheet to the fan is coming
some guesses:
OPEC will demand crude oil priced in Euros
and investment editors will advise exiting all stocks
and another high profile corporate bankruptcy
/ jim