Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Dnorman who wrote (3295)	7/26/2002 11:15:15 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

SEABF support at C$1.65, then C$1.00 (fugly) as long as safehaven seeking money is pursuing Treasurys, gold will be under pressure those Trez are rising in principal value but when the dust clears, Trez will be offering pitifully low yields and if/when rates rise for whatever reason, Trez lose this is the topping process for the Treasurys two bubbles remain: Trez and Real Estate despite all this dollar decline damage, I am reading from many sources (research & anecdote) that foreigners have stopped buying so all this damage comes from a foreign buying strike and their selling has not happening on net basis yet in round #2 of dollar decline this autumn, I suspect dollarized assets will be sold this could be both stocks and bonds, if yields get really low tough times for gold I intend to dollarcost average with gold stocks I see all the fundamentals in place, strongly in favor of gold - federal deficits growing - trade gap growing - near zero real rate on Trez Bills - growing tension internationally - currency turmoil led by dollar decline - unprecedented FedReserve dollar printing - hedged miners have begun the buyback cover cycle - instability of US major banks, entire banking sector when the fundamentals are in place, stick with the gold my coin dealer was wrong -- gold at #310 did not hold hurry August/September this is a sharp correction after a very large gold run in this multi-year cycle, I expect the USdollar to decline at least 35% in value in the 1970 decade, the USdollar lost 50% in value !!! this time around, our debts all around are enormously bigger this is a world-wide debt liquidation and we live in the most debt-ridden economy on earth the USdollar will be decimated, utterly decimated and inflation will be returning by 2004 / jim