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Politics : Gold and Silver Stocks and Related Commentary -- Ignore unavailable to you. Want to Upgrade?

To: smh who wrote (1202)	12/21/2004 8:26:06 AM
From: loantech	Read Replies (1) \| Respond to of 18308

Gotta love Jim Sinclair the steady handed gold bug: jsmineset.com Monday, December 20, 2004, 6:13:00 PM EST Gold Market Summary Author: Jim Sinclair To have the US dollar weaken after the gargantuan effort to re-establish credibility is a severe blow to those efforts. As part of this effort, world economic leaders have adopted measures and means of spinning everything to influence the mental/emotional character of market participants. Arranging the appearance of prosperity by inventing new statistics helped the investment industry convince its clients of the soundness of every governmental and Federal Reserve decision. Inflation indexes were changed and the formulas are so hard to locate (CPI) that one wonders if they are guarded as trade secrets. Productivity indexes have been created and quoted so as to indicate the health of a non inflation expansion when in fact they represent outsourcing and working the remaining employees half to death. As one example, only the combination of what statistically looks like a non-inflationary economic system and improving productivity founded both a bull market in bonds and bull markets in shares. All these shenanigans worked wonders for more than 24 years but have run their course. Greenspan knows what has taken place and therefore must recognize its failure. Could this be the reason he turned down the offer of taking the position of Secretary of the US Treasury? That position is like being the key salesperson of US debt. The recent fall-off of international buying of Federal Debt to the level that is required monthly to finance the US deficits must be considered an event of the most profound concern. The net result of all that is the continuing sickness of the common shares of USA Inc, the US dollar. Since gold is and will remain predicated on the US dollar, I cannot see any major counter-trend decline in gold as anything but a short and minor move. Conversely, I also cannot see any significant counter-trend rally in the US dollar. When you pull out the "Top Guns" to steady the mindset of the marketplace and it actually moves lower, the magnetism pulling the market lower reveals itself in terms of power. This is the risk of trying to talk a market in one direction or another. Intervention is counter productive when it fails to create a trend reversal as its failure always sends the currency higher or lower than it would have gone in the first place. Now the upbeat talk about the economy and the US dollar has not only failed to impact the target but has actually gone the other way. That seems to be even more dangerous than a failure of intervention. There comes a time when markets take over. The long line of administrations of both parties have ballooned the amount of money in circulation and have therefore created their own demon. The demon that's arrived to destroy its builder is the $1.6 trillion dollar per day size of the international currency market on a normal day. Can you imagine the size of this market when it gets crazy as all markets do from time to time? Will it be $5 trillion or may $15 trillion when it goes on the warpath. Gold is headed to $480 and beyond. As I have said before, my greatest fear is that gold will not stop at $529, completing the first phase of the bull market, but rather makes an attempt to balance the international balance sheet of the US right here and now. Like Dan I also feel that the speakers who called a top for gold at the New Orleans gold conference have brought shame to their doorsteps by spin. Even those of you NOT technically orientated or simply insurance investors must look at tonight's chart picture following the outline given below. Click here for today's most important action so far in this bull market in gold. Chart #1 speaks to the price of gold probing Fib resistance and it has the ability to take it out on the upside. You know what to do traders if such a thing occurs. Chart #2 speaks to the line of demarcation between $449 and $453 which will be put into challenge when the price of gold breaks above the Fib resistance line of $449 (rounded). All this is a setup for the run to $480 and above. Chart #3 is the setup that will be the power behind the break above the lines of demarcation which when resolved to the upside will have set up the run to $480 and above. This is a triangle developed in the US dollar representing the failure of the "Top Guns" to arrest the decline in value of the common share of the USA Inc.

To: smh who wrote (1202)	12/21/2004 9:35:32 AM
From: SOROS	Respond to of 18308

Only voted out of duty based completely on a scale method. Really had NO choice, and probably will never have one again, as no good and competent and not bought and paid for man or woman will ever run again. The die has been cast, and we lose. Kerry/Bush -- you really think this was a choice and either way would have made a difference? You really think either is competent and not "owned?" Semantics only. Let's keep it on the economy where either choice is simply greasing palms -- perhaps some different ones, but many the same. I remain, SOROS