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To: John Madarasz who wrote (89051)	1/10/2004 3:19:23 PM
From: nspolar	Read Replies (3) \| Respond to of 209892

John, I really have never liked that gold or similar HUI count. I've tended to prefer to believe that all the stuff until near the end of 2001 is corrective. Hence the count I am on has both POG and HUI in a Big 3. If one does not count it this way the XAU has a serious count violation, that imo can not be pissed away. They should be in sync. Additionally all the evidence and movement during this leg we are on has a 3 appearance, a long one with subdivision of waves, etc. Of recent I've quit looking at candlesticks so much and went back to line charts, for counts, and sometimes squeeze a long time frame into a short distance, on a log chart. It get rid of a lot of the noise distraction. (Ignore the noise as JO says). There are lot of different counts and a lot aren't worth shit to put it aptly. I remember last Feb a lot of counts showed up and had the 5th and primary over, and POG and the HUI were headed to the depths. The Goldbears were going to have their day and counted all kinds of crap to try and prove it. Well they hibernated again. My most preferred scenario at present still has the XAU and HUI in a 3 of (3), completing a v to be exact. To be honest I am not that comfortable with that but it is the best I can come up with. If this holds yes we get a correction not too far down the road, but would still have a 5 of (3) to complete, this year and probably during 2nd qtr. Going forward in the NT I think stock selection becomes increasingly important. RE SA golds, the stocks should lead currency/gold imo, and Drooy is probably doing exactly that. I think it is nearing completion of a 1 of (3). If this is the case, do not miss the 3 of (3). I plan to hold mostly likely and double up during the 2 of (3). I don't necessarily believe this is a sector where it pays to continually hold leaders. I like the leverage of the more volatile ones and they seem to have their own timeplan. The long corrections they go through can be most frustrating, but the impulses up are reward for patience. On a little more philosophical note I do read Sinclair, regularly. Not so much for his gold poop all the time, but for his philosophical chat. I think that guy is really in tune with society and human evolvement, and has that connected to his financial underside. I agree with Sinclair and it is my opinion that the 60's/70's and Nam era were like wave 1 of what is coming down the pike, which will be wave 3. A lot of social and economical unrest is highly probable in our future. We are continually fed so much bullshit, and fundamentally I can not see how our economy can move forward, without going through some very very severe pain. The bullshit that we are fed comes from all angles, including the companies we work for. CEO and political leadership continues to sell our asses out via outsourcing. One of these days blue collar America is going to say they've had enough. Sinclair has been harping on this theme for a long time, in addition to our foray into Irag and all the Osama stuff. The whole goal of Osama and his ilk is to break us financially, and they are on path imo. In the meantime the Moslem countries, India and China buy gold. Friday, January 09, 2004, 12:28:00 PM EST Old West Moves East Author: AP/Jim Sinclair Levi’s closes last two U.S. sewing plants By T.A. BADGER AP BUSINESS WRITER SAN ANTONIO -- Levi Strauss & Co., the California Gold Rush outfitter whose blue jeans are a globally recognized symbol of America, closed its last two U.S. sewing plants Thursday. more... Jim Sinclair Commentary This trend of outsourcing to foreign countries will have to effect labor which in contrast to past circumstances is almost powerless today. The dehumanizing of our labor pool as a product of the transition of business management to accountants and attorneys is dangerous. It is widening the gap between the haves and have nots in American society. I can see the lable now: "Levis, the True Old West. Made in China." Not to explain but the same sort of BS is going on within the company where I presently work. I sat in on a CEO level meeting just the other day. The attitude was the same, outsource everything, with no question as to the value added by doing so. There was absolutely no attitude towards "what can we do internally, or how can improve our internal efficiency". It was automatic that we had to outsource. Herd mentality in total. I guess all the big shots feel they have enough, or can can hang around and manage one of the outsourcing contracts that comes along. I sense the frustration within my company growing, everyday. The blue collar and lower white collar workers are becoming increasingly frustrated, and they are not being listened to. The first time in my career that on the net I have sensed that. Most do their jobs well because of personal pride, but are the point they will do little extra. Pardon my language but the mentality is becoming increasingly "Fuck em". I guess over the LT I see gold going much much higher, with some violent corrections. This doesn't mean one just hangs in LT imo, if one has some chart skills there is a lot of mullah yet to be made. At some point imo it will be important to hold the real stuff. Maybe at the bottom of the first primary would be a good time to load up. Whew, a long one. JMO's.