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

To: tonka552000 who wrote (12379)	1/31/2003 10:26:51 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

message to Voltaire, who confirmed that gold has done well but warns to be careful after the Iraq issue settles --------------------------- Volty, neither Iraq nor Islamic crude oil concerns will go away Iraq is somewhere around #7 or #8 in gold importance that is the media garbage nonsense klaptrap out there 1. shorterm Trez yield at 1.2% is below inflation 2. trade gap is approaching 6% of GDP 3. federal deficits are soon to breach $500B/year 4. European Bond yields are 2% higher 5. gold miners are covering their hedgebook (3.5 yrs production) 6. Arabs are directing their petrodollars toward Europe these are more important I expect a blip down after immediate war threat subsides then gold will surprise the industry and media with continued rise it will confuse the media to a great extent they are already beginning to wonder what is going on they have few answers, and confuse many people with their bullshit about gold and Iraq but that is all they understand maybe that is all you understand you never comment on the other gold forces the sentinel signal for gold to begin a new bull run since 1900 has been 3-mo Trez rates going negative on real rate what does that have to do with Iraq? the basis for gold has to do with failed Keynesian Monetarism, the debt collapse, and the imminent dollar crisis gold is not signaling the return of inflation it is signaling a world dollar crisis / jim