To: SliderOnTheBlack who wrote (28189 ) 2/16/2003 12:25:22 PM From: Jim Willie CB Read Replies (1) | Respond to of 36161 every avalanche starts as a minor trickle in the next several months, expect pension funds, hedge funds, and bond funds to all enter the gold sector will this surprise you? $65M is insignificant, agreed but that is 5% of the value of combined top 10 gold mutual funds this sector deals with small numbers you are losing your cool, my friend ever since your last horrendous call with gold late December: "sell gold at 350" now #350 is the support old resist plus 20 becomes new support then your almost equally incorrect reassurance on Real Estate safety we will see, wont we? in 6 months, then 12 months, get back to me on my minimicrocap CDU.V the only question in my mind is whether it will be only a 5-bagger or perhaps a 10-15 bagger ??? a $2.5 billion Sumitomo cash infusion might have made a small difference that bought JPMorgan time their legal problems have not gone away do you have any insight on this, or just shallow digs? the US and NY Atty offices have much to be concerned with now each quarter, JPM accounting issues will surface they wont go away you are turning to adolescent rubbash tactics very unlike you, too bad really just what is your claim to fame in the last few months? you were 6-8 weeks early on your gold sell warning and $20-30 low on that call I have heard from a few people who followed your call, sold early, bought higher, and now are an emotional mess I ask them why they are resorting to such shorterm maneuvers they put too much trust in you take it easy, take a chill pill, try a small order of humble pie if you want an ongoing adversary, that can be accommodated you miss two major phenomena lately 1. this is a SuperCycle correction underway, which takes down the world monetary standard... did so in 1930 and will much more easily in 2003-04... huge nearterm and longterm implications for gold, taking it to well past #1000, probably past #2000... goombas dismiss such fantastic projections, but their reputations will be tarnished by then 2. Structured Finance has enabled a major problem with the mortgage finance bubble's emergence... huge implications for real estate finance, continued funding, and property prices... FNM will be an excellent indicator of stress... values will have to come down at least 10-15% in major metro areas (see coastal cities and Denver so far)... new home building is real estate's greatest enemy now, with new construction finance too easy, undermining an already heavy existing supply just sitting on the market in every major city / jim