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

To: maceng2 who wrote (3906)	8/5/2002 11:49:06 AM
From: Jim Willie CB	Respond to of 89467

upcoming curveball event: divergence of HUI and XAU we have a technical inconsistency now showing with the 200MA breakdown in XAU, but 200MA support in HUI the heavy presence of hedged miners in XAU will next become extremely evident imho, causing confusion among gold miner investors the brokerage houses who dont like gold will use it to dismiss the gold rally, invalidate it, and attempt to pull gold investors off the newly established choochootrain the next run for gold could be from a base of #295 to a much higher level my guess is #370, and perhaps even over #400 as this occurs, if this occurs, when this occurs, we will see some extreme damage done to Barrick, Placer, and even AngloGold these are large-scale hedgers I actually expect a hedgebook blowup for Barrick, and bankruptcy if and when this occurs, the XAU index will slow its growth or remain flat WHILE THE HUI INDEX CONTINUES UPWARD IN A SHARP ASCENT gonna be interesting, to say the least one line used by TanRange CEO Sinclair has stuck with me "this gold rally has been disbelieved by both its bulls and bears" I expect confusion to worsen I will time average my buys for as long as I believe the story the world financial system will undergo massive continued earthquakes for the next two years, at least / jim