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

To: D.J.Smyth who wrote (3055)	7/23/2002 5:34:10 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

I read a bunch of GOLD opinions over on Drilling thread here is what I read in outline form gold shares are strangely down worse than the metal itself possible Fed intervention to clear out much of JPM's gold derivatives, such as a forced liquidation at a given price, thus allowing JPM out the back door... only problem is that they have so many contracts, and many of them are exotic powers that be might be lowering the gold price in preparation for some imminent event to help JPM in the gold books... the lower the price of gold, the easier it is to finish the job... all these games might spook enough trader longs in the futures pits to take gold price lower the washout in PM stocks is very close to ending, with some ready to reload much of the gold stock rise was speculative and dangerous ultimately the gold dog will run loose, only unsure when I say "watch Asia and the next few days on metal's price" last time gold touched #310 in Asia, it jumped strongly fwiw, grub grub / jim