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Pastimes : A Jackass, his PAL(indrome), and GOLD -- Ignore unavailable to you. Want to Upgrade?


To: mt_mike who wrote (96)1/11/2003 8:22:27 PM
From: Jim Willie CB  Read Replies (2) | Respond to of 1210
 
I cannot repeat this enough
press/media has NO EFFING CLUE why gold is rising
I hope they remain clueless for a long time
education of the masses is necessary for the end legs

the top six reasons for gold now:
1. gaping gaping growing trade gap, now at 6% of GDP
2. negative real shorterm Trez rates
3. escalating federal deficits
4. differential of 2% from USTB 3-month yield and Eurobonds
5. astonishing debt loads in US, subject to liquidation
6. no pentup demand for exhausted car & housing sectors

/ jim