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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (89776)	9/19/2002 4:24:05 PM
From: long-gone	Read Replies (1) \| Respond to of 116822

<<With gold up $10 in the past 2 1/2 days, I'm stunned by gold stocks lagging so badly!>> So many burned so many times when the real one comes along...?

To: Real Man who wrote (89776)	9/19/2002 5:07:20 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 116822

Vi, a few wet blankets that I see out there for gold 1. Japanese are monetizing their bank portfolio assets now... doing it slowly, buying up stock shares held in bank reserves... the result is large-scale debasing of the JYen... thus the USdollar is up to 122 yen now 2. Europeans believe Inflation (wielding some swastika) lurks behind each wall, so they left their shorterm rates at 3.25% in truly moronic fashion... this ensures more economic recession... Germany ante'd up its own stupidity in response to colossal flood damage expense, by canceling its tax cuts/rebates... thus the attraction to Europe for capital tied up in the USA now has waned 3. I believe a counter-intuitive JPMorgo effect is at work... I believe many watchers expect the USGovt to step in and assist Morgo The Monster somehow... could be assumption of their derivative book (wow)... could be forced marriage with Citibank (ugly wife forced on withering husband)... could be DeptTrez announcing an "auction" whereby the only public bids accepted are by Gold Cartel members (can you say gold bailout?)... could be massive PPTeam infusions of capital to purchase JPM stock and portions of JPM hedgebook 4. USDollar traditionally behaves well during wartime, PERIOD... it has been the historical last resort safehaven... and besides, the TBond continues its bubblicious rally 5. the usual... Gold Cartel assaults could come anyday on gold, now that it has popped above #320 and is resting up there in rarified air... group membership seems to grow, with leading hand rotating... recently Sinclair reported that MStanleyDW was the chief sacraficial lamb throwing good money at gold to keep it down 6. US stocks as measured by S&P just have yet to decline below late July lows... but downward momentum is building... each and every econ data tidbit is shitty... many leader firms are releasing shitty numbers, offering lousy forward guidance (today was IBM, EDS) my personal thoughts are that the many tangled webstrings holding GOLD down are being cut, one by one... the Gold Cartel is being killed, by a thousand little cuts... the world economy is slipping into a recession as a result of debt suffocation, asset inflation, and diminished returns from govt subsidized relief programs GOLD WILL BE RELEASED SOMEDAY, FOR ABSOLUTE CERTAIN not a question of whether only when / jim