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

To: I_C_Deadpeople who wrote (3120)	12/10/2003 12:43:28 PM
From: yard_man	Respond to of 110194

didn't ask me -- but how bout just below 400 before taking off again ... gold bugs having it too easy lately??

To: I_C_Deadpeople who wrote (3120)	12/10/2003 1:23:41 PM
From: Jim Willie CB	Read Replies (3) \| Respond to of 110194

I see gold heading to 420-430 in the next few weeks instead of a big correction in gold and gold shares, I expect to see numerous speed bumps which continue to fool people guys like Tippett are well intentioned, but seem to base their forward views on past performance since late summer, every single attack on gold has been pathetic, weak, and lacked force but such signals have been overlooked even among the gold crowd which is utterly humorous to me their pervasive doubt of their own success SPEAKS VOLUMES few seem to factor in the new Chinese demand their Shanghai Exchange is in full operation now Americans do not understand China at all, not one bit, nothing they never have, they never will we dismiss their effects pervasively, in full ignorance in fact, I expect the next international racism to involve US & China we widely insist on viewing them as grubby little workers with no lives, no minds, no souls, no humanity, no behavior like ours by January 2005, huge political friction will be developing CHINA in 2004 will be the greatest force behind GOLD between 2004 and 2010 a grand transition from US to China will take place China will gradually assume the dominant geopolitical role THE CATBIRD SEAT that seat will be built upon GOLD in its banking system and currency this is minor Elliott Wave 3 within major Elliott Wave III the small giant step within the big giant step I sincerely doubt that charts and typical technical analysis will help in any shorterm reads or calls we have the EW3 unique alignment phenomenon working for us (or at least for true believers, doubters aside) the fundamentals look spectacular the financial market underpinnings look spectacular the horizon contains imminent price inflation from several sources a breakout is in progress, but fortunately, it lacks extreme force we have ideal conditions for a steady creepup march to 420-430 which will fool even the experts I love this stuff GOLD WILL NOT CORRECT UNTIL IT MAKES A FAST SUDDEN LARGE MOVE which I expect will be from 418 to 431 over a 3-day period like climaxing around January 14-16 then and only then, a pullback to 410-413 gold is in no way overbought some stocks are but pricing formulas for them has become nettlesome they will soon behave like the dotcoms except they will have fundamental background support in my Feb 2002 article "Gold Volcano" 321gold.com I pointed out that a great many roads lead to GOLD during these unique 1970-like conditions, stocks & bonds will falter but the key is that bonds will falter, as rates rise in the face of nascent price inflation the rising systemic price inflation will shock the entire nation and its markets next year and confuse it immensely, since pockets of price deflation will continue to persist the attack on profit margins will be the massive curve ball the punctuation point will be declining household budgets next year will mark the advent of public discovery of A BIFURCATED ECONOMIC DISTORTION PIMCO's McCulley will not be surprised, even expects it his words are hardly heeded many trillion dollar capital pools will find gold the sector simply cannot handle it without price explosions its total market capitalization is still under $100 billion the govt and cartel powers that be will be unable to harness it IMAGINE FIVE STRONG MEN HOLDING BACK A BIG HORSE IN THE LAST TWO MONTHS, ANOTHER HORSE HAS ARRIVED EACH MONTH THE POWERS CANNOT RESTRAIN THE NATURAL FORCES AND THE GOLD SECTOR IS FAR TOO SMALL that is precisely why I chose to invest in it in spring 2002 / jim p.s. who are the fools sending good money into 3mo TBills at 0.9% ???