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

To: orkrious who wrote (10628)	12/18/2002 11:05:02 AM
From: Jim Willie CB	Respond to of 89467

Puplava Tuesday market wrap... delusion continues financialsense.com my two big takeaways: The fact that nobody sees a flaw in this kind of thinking surprises me. To put it simply, it is based on debt and contraction of employment, which doesn’t spell prosperity. If one company fires workers it is another thing. When all companies within an industry fire workers the economy contracts. That nobody questions this line of reasoning shows the flaw of present-day economic thinking. Only the Austrian school of economics would question this reasoning and see it as fatally flawed. We are basing our prosperity on even higher mountains of debt. AND Gold also got a favorable lift from Weiss Research out of Florida. Weiss Research analyst Kevin Kerr said he could see the possibility in which bullion banks with huge short positions in gold could get squeezed in the worst possible way. The gold that they have sold short is now jewelry worn by women around the world. In effect the women have become the longs while the investment banks have become the shorts. Who do you think will win this battle? I love Martin Weiss, a solid expert in upper level financial streams of money this is the first evidence of Weiss turning positive on gold for two years he has been bearish on corp debt / jim

To: orkrious who wrote (10628)	12/18/2002 1:01:14 PM
From: stockman_scott	Read Replies (1) \| Respond to of 89467

11:40AM Sector Watch: Semiconductor : -- Technical -- Under significant pressure today in the wake of negative news (MU -20%, ASML -14%) but the sector index (SOX at 301, -5.9%) has stabilized for the time being in the 301/299 support area (50% retrace Oct/Dec run, 100 day sma). Short term need to stabilization above resistances at 303/304 and 307/308 (recent range floor, 50 day sma) to improve the bias. A failure allows for follow weakness with next supports at 295 and 292. Others in the group posting sizeable losses include: TER -7.4% AMD -6.5%, ALTR -6.4%, LSCC -6.4%, LLTC -6%, MXIM -6%.