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


To: habitrail who wrote (3682)8/1/2002 1:50:29 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 89467
 
sure, fastest growing US demographic group: $5 M-aire / jw



To: habitrail who wrote (3682)8/1/2002 5:15:51 PM
From: Jim Willie CB  Read Replies (2) | Respond to of 89467
 
methinks GoldmanSax is setting up an August gold ambush
their buy reco of gold and miners has me intrigued
at first I thought they were just falling in line
but these guys are egomaniacs, megalomaniacs, and evil

they had to realize the easy money (once at #300) was up
but they are in too deep on the naked short side
they would need 200 roundtrips #300 to #330 to exit their positions comfortably

I think they are setting up an ambush in August
it is a thin month in trading volume
almost the entire European continent is on vacation
and sporadically the North American continent is on vacation
we dont have as long a vacation typically as Euros

August is a dangerous month
for anything speculative
esp for currencies, and I expect some USdollar fireworks

I think Goldman and their Evildoer bigbrother JPMorgan will attempt to take gold down below #300
repeatedly
this is war
/ jim