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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: glenn_a who wrote (974)9/23/2003 10:22:58 AM
From: Jim Willie CB  Read Replies (1) | Respond to of 110194
 
global demand has already slowed significantly, sorry
CRB, gold, silver, they are all reversing longterm downtrends

crude oil stands as most vulnerable to commodity price risk of decline due to economic sluggishness
we are seeing that now

mines all across the world have been closed over the last 10-15 years
they are not subject to price declines
you are overlooking the trend of closed mines
and overlooking the extreme impact of futures leveraged gearing to keep those prices down

every carry trade and geared effect must in time be reversed
the yen is being reversed now
gold was reversed last years, continuing now
these are not subject to industrial pressures so much
but rather to financial speculation pressures

a simple series of questions:
why is silver up to $5.30 from lows of $4.30 ?
why is gold up to $380 from lows of $285 ?
why is your home heating bill almost doubled from 2-3 yrs ago ?

/ jim