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

To: sylvester80 who wrote (3866)	8/5/2002 9:29:51 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

you have the wrong focus on gold there is 1000 times more dollars out there than gold why are you not concerned about oversupply of dollars? the USdollar is in a new downtrend citing its higher level than 2-3 years ago misses the main point... A SEA CHANGE THAT IS CAUSING EARTHQUAKES the US$ has begun a new downtrend maybe you havent noticed gold has over 1000 tons shortfall annually, production versus consumption the shortfall is made up by Central Bank selling, which is trending down, even as gold miners are covering hedgebooks have you considered that CB's have reduced selling of their gold reserves because they see that prices have not only bottomed out last year, but have begun a new uptrend? most rising assets are held closer, rather than sold are you aware that equilibrium price for gold is estimated at #600? that price eliminates all supply shortfall you sound very gullible every time you open your mouth about gold why dont you just put your money where your mouth is? AND SHORT XAU INDEX VIA OPTION PUT CONTRACTS ??? get back to me by Christmas and tell me if you lost 50%, 75%, 90%, or 100% simply because gold is all around in vaults, does NOT mean it is available for sale? what is up for sale now has been stocks and debt issues Japan has been in the financial backwaters for over a decade they do not dictate the new trends they are in a death spiral as bank account insurance limits were announced early this year, that set off a buying spree in gold I love your terminology, which is laughable as it is absurd "In the last 3 months, while the economy and stocks have been in a nosedive, so has gold." check the chart, because after viewing the chart, your comment sounds utterly amateurish gold has moved from #265 last summer, to #290 this late winter, #330 in June, now #307, after touching #298 intraday that comes to 8% off a high, after a sizeable runup nosedive? the nosedives have been in banking sector stocks, in drug stocks, in chip stocks, and media stocks AOL down over 40% since spring JPM down 30% since spring gold metal down 8% since June get your figures right, and then descriptive adjectives fall in line / jim