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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: terry richardson who wrote (18121)	8/31/2002 6:23:48 PM
From: jimsioi	Read Replies (1) \| Respond to of 36161

Gallemore's trend and momentum indicators - review. Wonder how many follow Jay Gallemore's work to be found at chartingyourfutures.com ?. His web site was ranked 2nd among in the "commodity services" category at one point last year. He does a 'real audio' live update daily and a weekly review. Jay's been in the business a long time. Based on what I can determine from his site and conversation I have had with him, Jay is a broker as well as an innovator in terms of using the net to disseminate at least his views. "His views" over the last several months seem to have become increasingly wishy washy, perhaps its the broker in him, but his two indicators, Trend and Momentum have been helpful to me spotting turns. Heretofore, on a semi regular basis, I've posted a review of the indicators' setup, hopefully helpful to others, over on the Yahoo SSRI and VPI boards, but Yahoo is particularly strange this weekend and too frustrating to combat, so I'll post my thoughts here. Nothing is provided with a guarantee and is only a starting point for others interested. Checking the key commods off Gallemore's service I see the following this week. Gold...trend indicator (TI) continued its turn up and rebounded last week and is rising to the 50 line, but momentum indicator (MI) is still negative. This is less than ideal and suggests the technical situation is not particularly strong. Attaining $316 is key to igniting resumption of a vigorous uptrend. Based on the TI and MI set up, I'd suspect we'll see pull back and further tests of the $310-11 area early next week, getting over $316 will change that view as it would spring the MI and continue the TI's advance. Silver - just plain looks ugly...TI has attempted a turn but MI is still quite negative and Friday's action added to that. Silver clearly is not displaying much in terms of an "inflation hedge character", acting much more like an industrial commodity in a recession. This is most obvious with the CRB index making new recovery highs based on strength mainly in the grains, energy to some extent, and cocoa. The CRB however is reaching up into critical overhead of its own with a TI that is beginning to roll above the 70 area, suggesting a stalling out of the trend and probably retracement unless new leadership comes in. Crude - TI is declining but above 50 and MI is still quite positive....post pennant break out consolidation running its course. With OPEC saying they'll increase production and economies in low gear it's difficult however by reading the headlines to see lots of forward progress from here other than from war talk. Good support exists at $28 and unless broken the trend is still up for the intermediate term. S&P - what it's seemingly all about and around which many a commodity's trend seems to turn - sees declining TI and MI on the daily...negatives.... and what looks like the beginning of a down cycle on the hourly TI with low positive MI, suggesting trouble...If last week's lows at 900 gives way many negatives come into the picture, prospectively impacting gold as a positive, energy stocks as a negative unless commod prices are strong counterbalances. jims101

To: terry richardson who wrote (18121)	8/31/2002 7:32:48 PM
From: t4texas	Read Replies (1) \| Respond to of 36161

thomas becket and henry II and muslim clerics i normally have to laugh when i see muslim clerics taking the leadership postion in telling their populations what to do in non-religious activities. i have to wonder when the first muslim "henry II" will step up and let the population know the state is running the state and not the clerics. i am not up on atta turk, so i cannot say how he got it done in turkey. but it looks like there is no leader/dictator/group in muslim majority countries who has a chance at overcoming the religious demand for church/state togetherness. talk about a religion that does not "get it." here is link i found in a routine search. just more stuff on how nothing but violence will occur until they have a reformation internally. i wonder how long the rest of the world will wait for them to get a move on. jamaat.org

To: terry richardson who wrote (18121)	9/3/2002 2:41:24 PM
From: terry richardson	Respond to of 36161

JFK vs. The Federal Reserve & Executive Order 11110 sianews.com "...No man did more to expose the power of the FED than Louis T. McFadden, who was the Chairman of the House Banking Committee back in the 1930s. In describing the FED, he remarked in the Congressional Record, House pages 1295 and 1296 on June 10, 1932: "Mr. Chairman, we have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal reserve banks. The Federal Reserve Board, a Government Board, has cheated the Government of the United States and he people of the United States out of enough money to pay the national debt. The depredations and the iniquities of the Federal Reserve Board and the Federal reserve banks acting together have cost this country enough money to pay the national debt several times over. This evil institution has impoverished and ruined the people of the United States; has bankrupted itself, and has practically bankrupted our Government. It has done this through the maladministration of that law by which the Federal Reserve Board, and through the corrupt practices of the moneyed vultures who control it." Some people think the Federal Reserve Banks are United States Government institutions. They are not Government institutions, departments, or agencies. They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign customers. Those 12 private credit monopolies were deceitfully placed upon this country by bankers who came here from Europe and who repaid us for our hospitality by undermining our American institutions...."