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


To: SOROS who wrote (2166)7/15/2002 2:59:30 PM
From: Jim Willie CB  Respond to of 89467
 
time required before Americans realize GOLD hedges deflation
right now the ONLY motivation for investors to go with GOLD has been perceived war tensions and threat of inflation

but debt meltdown, currency panic, shattered stocks...
these are viable motives also
anyone in Argentina who hid in GOLD can attest to this

it will take time for investors to learn
they will swarm into real money safehavens
the only real money is GOLD
all others are impostors: debt disguised as money

GOLD will not rally hard until July ends
timed with end of India Monsoon season
PPT can have their fun until then
each successive maneuver by PPT loses its punch
you and many others vastly overestimate the power of the PPT !!!

they provide relief for days, that is all
then the market power takes over
the PPT's last recorded activity was June 27-28
what effect did they make???

this panic is in the 3rd inning, imho
setting up for a powerful August-September in GOLD
/ jim