The truth about the gold market:

verfasst von Günter, 22.03.2002, 14:30

The truth about the gold market:
by: Captainfreddy1
Long-Term Sentiment: Strong Buy 03/22/02 08:12 am
Msg: 4148 of 4148

I do not know what traders you are talking to, but those I talk to who are at the top of their field are bullish. This does not mean that there cannot be corrections. I think gold is base building in this range. I predicted the oil price rise back in Dec. 1998 on the SEV board, and others, and argued on the Callon board a few months ago that drilling in natural gas was falling, the economy was growing, and the instability in the oil supply centered in the Middle East would cause switching to natural gas. There is a relation of six to one between energy produced from one barrel of oil and one mcf of natural gas. Oil is 25.00 per barrel and natural gas has rallied from 1.90.

Now, the gold market is not based on fundamentals or momentum and never has been. It is Central Bank supervised, and these flunkeys at the Central Banks are controlled by the private bankers who hire them for a million dollars plus a year after they do their bidding.

During Rubin's high dollar reign, as the frontman for Wall Street, the yen carry trade made billions for his bosses, and also the short trade in gold whereby they borrowed gold for 1% and sold it short using the proceeds to buy short-term Treasuries at 4 or 5 percent, making a killing on the rate differential and also on the decline in price from 1996 helped along whenever necessary by Central Bank gold leasing or sales of these public resources commandeered for the interests of the privileged aristorcrats on Wall Street and in the City in London. Whereas in the early 19th Century the hue and cry went out against the holy alliance of Christian monarchs as merely a device to retain their inherited positions, whereby it was an effort to restore Christian stewardship from the democratic brothel of the French Revolution that all modern western states have become, the financiers inherit their wealth upholding an unholy alliance of sodomy promotion and pornography.

Now, to study fundamentals and momentum in a market that is totally corrupted is really a meaningless pastime, and it is better to try to fathom which way the gold price will make the private houses money. That way is presently up with the contango gone and world disorder favoring the caveman's money a la Andy Smith, gold, though it is really the money of the righteous.

Now, they will make huge profits on the way up pushing the market up and down within a range racking up a hundred points of profit on a 20 point gain, and 500-1000 points of profit on a fifty to hundred dollar gain. The profit to short is limited by the bottom signal of the European Central Bank agreement to limit leasing and selling so as not to destroy Africa. That was earlier explained by the IMF decision not to sell their gold on the open market.

So, do not drown in statistic and measurement that have no bearing in a corrupt market.




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• The truth about the gold market: - Günter, 22.03.2002, 14:30