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

To: Crimson Ghost who wrote (21654)	11/11/2002 4:17:04 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 36161

real rate on shorterm trez now negative, huge for gold I wonder if CPI will come in at 1% again maybe, maybe not before too many more quarters, I expect upticks in inflation some of this monstrous MZM monetary stimulus will be showing up, over and above the burned capital from debt collapse also, import prices (for components and finished products) are rising now, but not from China the lower FedFunds rate puts pressure on the gold futures contango this counts for something, removing incentive for screwing around with timed spreads and actual production hedging I am glad to hear vindication of some of my previous springtime warnings about South African miners I think their gold stocks will suck eggs before long in the spring I warned that marxist govts will dictate socialist spending in a fickle and arbitrary manner just give it time so now we hear of some of the mining properties will be sold at "below market" prices surprising? not one bit to me, very expected I wouldnt touch Harmony, Durban, Anglo, GoldFields this story will be a damper on the sector as it progresses but not as big a firestorm as the corrosive hedgebooks elsewhere I truly believe that smaller nations around the world experience incredible unnecessary pain from allowing the USdollar hegemony to continue unfettered Indonesia and Iran are only the start for the Dinar later, Islamic financial warfare might center upon the Dinar if it becomes gold-convertible, the buck is in trouble furthermore, if the Chinese Yuan becomes gold-convertible, one can take this as a sign that China's emerging economic power status is taking shape is Canada's Govt really planning to sell off its entire gold reserves? an interesting point to make on gold jewelry I hope demand goes to hell only then will investment demand pick up the two are oppositely correlated nobody should be disappointed that jewelry demand is down / jim p.s. nice to see that 139,000 gold short commercial position still there crush their shrinking testicles before they disappear