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

To: Raymond Duray who wrote (20712)	6/20/2003 12:26:27 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 89467

I have read isolated reports of possible cancelation of the 2004 prez re-election my view is pure poppycock but if in state of war (on terrorism) then possible could this be part of Patriot II ? I expect numerous unusual political procedural events ushering in the New World Order in the next few years we are gonna see some social breakdown, matching political breakdown, all mirroring financial upheaval / jim

To: Raymond Duray who wrote (20712)	6/20/2003 1:00:03 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

some views on gold and the dollar check out this chart on gold nearby future contract, weekly stockcharts.com we have a nice Cup & Handle pattern longterm we are tracing out the right Handle now we had an unusual confluence of factors in late winter and early spring, mainly benefiting from Iraqi angst now that has reversed I believe on the bigger picture, gold just finished in January its minor EW 5-wave completion the correction following is usually a tough one consider that completed EW wave as a major 1st wave now we are seeing early signs of completion of the major 2nd corrective wave see the HUI breakout, for instance NEXT COMES THE MAJOR 3RD UPWAVE FOR GOLD !!! it is the biggest and most powerful I think by year end we have more dollar correction here is my quick view on dollar adjustment IT HAS NOT EVEN BEGUN, since an adjustment is intended to relieve trade imbalances the Fed US$ index is down only 2% from its top it is heavily weighted in Asian currencies IT HAS NOT EVEN BEGUN the press has really missed this one so far all we have done is not adjust the dollar, but transfer the overvalued dollar to an overvalued euro now the EU has a big problem to deal with and the euro must adjust versus the Asians at the same time we must adjust versus the Asians Chinese products now have a 30% price advantage versus last year within the EuroZone late this year and early next year, we get a true Asian currency rise it will climax with a Chinese adjustment maybe the rest of the Asians will follow the Chinese lead, and nothing will adjust until the Chinese Govt are in the mood to deliver a crippling leg-cutting policy change to the USEconomy but somehow I think Japanese Yen will rise despite the Chinese strong position / jim