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

To: Bruce Robbins who wrote (8133)	2/26/2003 4:14:00 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 39344

market can absorb more tonnage with each passing week Bruce, we are in a new longterm bull market let them sell back in 1999, how much new CSCO stock supply could be absorbed by the bull market? or IBM? or QCOM? or ORCL? or EBAY? or INKT? or AMZN? or AOL? are you kidding me? this gold bull is gathering power and speed I am amused at how much it is doubted by its own investors just tells me we have a long long way to go up back in the early summer, some clowns were predicting all the Central Bank selling to send the price of gold back to #280 remember those lunatic claims? instead it hit #390 !!! they totally overlooked the gold miner hedgebook buybacks I didnt each quantum drop by the USDollar ensures another drop of nearly equal amount I call it the USDollar Decline Vicious Circle the next drop is due any week now to about 95-96 that will bring us a gold runup toward #400 quickly some smart gold guys are expecting POG to retreat to #310 not me I aint smart enough to believe the detrimental effect of CB selling in news we vastly underestimate the Chinese, Russian, and other Asians put their surplus figures into perspective Sinclair offers the data combined Asian reserves (securities plus gold) total over $900 billion it is diversifying into gold which is only asset group rising in value for them Asian demand overwhelms the CB supply gold miner buybacks only water down that supply anyway enjoy the ride, while the US and West decline and China rides to the top / jim

To: Bruce Robbins who wrote (8133)	2/26/2003 5:59:45 PM
From: BSGrinder	Respond to of 39344

Well, if the Washington Accord is being honestly observed, then the market has been absorbing an average of a little over one of these 30-ton dumps every month since 1999. I think most of the big CBs have stopped selling. It is only when the IMF finds one of these smaller CBs that's willing to trade their little stockpile of gold for special considerations that we see some real CB supply, IMHO. Amazingly enough, the Swiss are still selling, which is why it is hard to get excited about Swiss francs. I would really like to see our U.S. gold reserves independently audited. I have read that it is mostly .900 bars made from melting gold coins. I don't know if that is true or not. /Kit