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

To: t2 who wrote (1046)	7/1/2002 3:44:43 PM
From: Jim Willie CB	Respond to of 89467

TPaul, golds have been behaving very strangely last week they actually decoupled from currencies word was floating around that perhaps the dollar had gone too far in its quick breakneck decline also was word that Central Banker action would foil the goldbugs with the gold at #314 now, I think goldbugs are watching they are giving up more ground just yet the PPTeam has only limited weapons in their arsenals they rely mainly upon fear did Soros say 30% from current levels? to 75-77 ??? or 30% from its top of 120? to 84-86 ??? the GoldEagle article I posted earlier points to 80-85 target I see 100 as a resting point for dollar that should coincide with $1.03 or so for euro this is gonna get WILD WILD WILD later this summer and autumn I think the gold guys know very well the detrimental effects of the declining and lower dollar I make that distinction clearly first we have a lower dollar second we have a declining dollar I heard a great analogy about position and movement if high on a ladder, you may want to get off but there is considerable pain if you fall off it is good to be on the ground level but not if you fell off that is the way the dollar effect is felt now I made this point to GregM (Boplicity) last month the pain is in the movement just like moving from high pressure high temperature in weather to moderate pressure moderate temps the transition brings storms, thunder, lightning, downed power lines / jim