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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?


To: abuelita who wrote (4401)12/5/2003 12:30:09 PM
From: Jim Willie CB  Read Replies (2) | Respond to of 108616
 
just kidding you, same Bill Murphy, both NEPats and GATA
he had a brief pro football career back in the 1980's

I have read many things by Murphy regarding gold
he has an agenda but is an honorable man
what many GATA followers forget is that he was either convicted or pleaded no contest to securities violations in the futures contract industry years ago

he has a one-track mind
he talks endlessly about the outsized gold short interest out there in the futures industry, but cannot adequate explain why it has not happened yet
he has expected a massive short squeeze since early 2002
it has not arrived, nor is it likely to arrive anytime soon

he never discusses how the gold cartel has periodically rejiggered their critical line in the sand to higher levels, thus absorbing a portion of their losses, but recalibrating to a higher new critical level
I believe they did this precisely at gold $330
again at gold $370
again at gold $400
now that are in the process of resetting at gold $430 or so
IN DOING SO, THE GOLD CARTEL GAURANTEES A NEARLY ENDLESS GOLD BULL MARKET

Murphy never seems to discuss competitive interest rates, negative real rates, OPEC euro denomination, Asian central bank actions, Chinese citizen purchases, capital flight by wealthy Americans, or much of anything else

I regard Murphy as therefore shallow
he is deep in his futures arena, where he is familiar
in fact, where he is familiar enough to have been fraudulent

he is fast becoming a broken record
I wonder if he is even aware of what events must take place in order for his cartel closely watched futures short position to get busted
I doubt it

certain few other friends do admire him
one actually has dined with him
I see nothing to indicate keeping up with what he has to say
it is a constant re-run

DOES MURPHY HAVE ANYTHING NEW TO SAY ???
OR JUST SAME OLD SAME OLD DRIVEL ???

/ jim