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

To: mishedlo who wrote (4844)	1/12/2004 11:11:41 AM
From: Jim Willie CB	Respond to of 110194

here is what I said in my upcoming part#2 in "Broken Cycle" Now the gold price has stabilized above the $400/oz level. Silver has breached the critical $6/oz level. Gold is the widely recognized meter of financial distress and an imminent price inflation threat. Best yet, the clownish Prechter reneged on his white surrender flag, and has chosen to employ cartel tactics. Last year his line in the sand had been revised to the $400 gold price, where he promised to admit defeat. Mark Twain defined dogmatic as “wrong at the top of your voice.” Perhaps he had Prechter in mind, who now has cowardly nudged his line in the sand to the recently breached $422 level. What will this charlatan be saying when gold is well along the powerful major EW3 wave, pushing the $500 price? Who knows? Who cares? The man cannot read his own charts!!! An image of a loud noisy gong fits well. Commodity prices are registering new highs across an indexed long list of materials. The CRB index has shown a clear breakout since surpassing the 250 level. Yet the consensus view is that price inflation remains subdued. Metals, energy, and food dispute such flimsy shallow claims. Signals are again missed, as mental gears have been stripped. / jim