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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Bruce Robbins who wrote (8128)	2/26/2003 4:06:07 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 39344

seems to me gold rose from #290 to #350 since spring do you mean those nearly insignificant retracements where even gold afficionados toss in the towel on mere 10% pullbacks ??? in the face of widespread CB selling, endured for almost two years, gold has pushed off the #265 bottom and marched north let the stupid bastards sell their gold in time, such collateral selling invites a currency crisis in that nation I dont think like most American investors a 10% pullback like this is no big effing deal by August we will have another pullback probably from #435 back to #390 will that be another fudge pushback into the toilet? last week massive Western CB gold selling where is the big price damage? #325-330 was the last resistance level now support seems like #345-350 where is the toilet effect here? I am missing something, and I think I know what it is yes, it is massive Asian buying of any and all Western supply our trade deficits are being converted into gold by Asians so the massive Fed Monetization effort is printing dollars, which are then spent by numbnut American overconsumers, and off goes that capital to Asia, where it is 1/3-rd converted into gold not only do Asians convert new surplus into gold, they buy it from the same people who offer them the surplus !!! look at the net Asians build finished product Asians take USTBonds, EuroBonds, Gold in exchange Americans build nothing, but buy everything Americans sell their gold, while accumulating more debts bullish for gold, very bullish very negative for American economic prospects Western CB are just keeping some order to the insanity but not for long / jim