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

To: abuelita who wrote (2025)	7/13/2002 11:07:00 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

in futures contract land, "comms" are commercials commercial precious metal miners e.g. Barrick, Placer, AngloGold commercial gold bullion bankers e.g. JPMorgan, Citibank, GoldmanSucks these are not the little guys who observe the Gold Cartel who bet against them, who have limited resources these are the same guys who comprise the Gold Cartel who are attempting to unwind forward sales of gold who have way oversold into that future by 2.5 years production who are attempting desperately to maintain a controlled market they require a steady-eddy market to buy back 130,000 shorted gold futures contracts as "comms" have begun to the buyback process, they are making a floor of support for gold now, and will continue while providing a nice uptrend for quite a long time now / jim

To: abuelita who wrote (2025)	7/13/2002 2:44:45 PM
From: Jim Willie CB	Read Replies (4) \| Respond to of 89467

article: S&P 500 Slow-Motion Crash, by Adam Hamilton we are in phase 2 now, with the 3rd phase coming soon zealllc.com excerpts: The symmetry between the bubble run-up in the S&P 500 and the resulting slow-motion crash is absolutely amazing! So far the near mirror-image has held up remarkably well on the downside. ..... If the S&P 500 was to fall back down to its normal 7.4% return line proxy as commenced in January 1980, it would have to plunge to the 550 range in today’s terms, a long way down from here! ..... My guess is that we are well into the second phase now, but I imagine that a flattening or even shrinking broad money supply, which we haven’t seen at any time during this bear market bust so far, could make things a whole lot worse in the coming year. All investors and speculators with long or short exposure to the S&P 500 or any of the elite US stocks which comprise it should carefully watch the US money supplies in the coming months for clues as to what is approaching next. With the S&P 500’s enormously-overvalued P/E ratio and immensely bearish technical breakdown, I can’t help but think that the professionals are selling out like crazy leaving the folks the Wall Street crowd call “suckers,” the mainstream working American middle-class with their precious retirement and college savings in the markets, left holding the bag, which is emptying fast. It is truly a tragic sight to behold, but this is the way these supercycle busts always work in history too yet virtually no one seems to heed their hard lessons. SOMETHING TRULY UGLY THIS WAY COMES even uglier than Comiskey / jim