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

To: ItsAllCyclical who wrote (378)	1/24/2003 4:53:12 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 1210

war premium? what a crock of shit? big pile of steamy turd prepare for a monetary crisis, the likes of which you have never seen I expect it to arrive sometime around mid-2004 to early-2005 that is what the gold price movement is foretelling it has almost nothing to do with Iraq, which is political horseshit spin the press/media doesnt understand the major forces behind gold right now, which are... - trade gap at 6% of GDP and worsening - federal deficit of $500B and possibly $1 trillion in 2004 - shorterm Trez yields that dont cover inflation (negative real rate) - USTrez yields way below EuroBond yields across entire maturity curve - gold miners are buying back their colossal hedgebooks - gold supply is not keeping up with demand, after years of neglect (typical among most commodities) in my opinion, Iraq and MidEast tensions rank something like #7 or #8 on factor importance given the widespread illiteracy (including press), my guess is the Iraqi situation is THE ONLY THING THEY COMPREHEND the six cited forces above require a modicum of financial literacy and intelligence to assimilate / jim