Gold & Silver Forum (http://goldismoney.info/forums/index.php)
- Gold - Silver - Coins - Numismatics (http://goldismoney.info/forums/forumdisplay.php?f=51)
- - J Sinclair on AU and record currency intervention (http://goldismoney.info/forums/showthread.php?t=8728)

money matters | 03-12-2004 05:55 PM
J Sinclair on AU and record currency intervention From today's JSmineset.com "Gold Following in the inverse of the dollar - where intervention is taking place by our Japanese US Fed Reserve - gold has moved in this chop lower to the $390 to $393 range. This is in concert with the drop scenario just prior to March 15th, 16th & 17th wherein I expect to see a reversal after which the chop will move to the upside until it takes out $410.80 then $419.70, accelerating late in time and high in price to challenge $430.30. Bolstered by information from informed friends, it is my opinion that advisors to the administration are quite concerned by the recent downturn in consumer based forward looking expectation indices. For that reason, our Japanese friends have been asked to intervene heavily in the yen in order to produce dollars to buy US treasuries while the Exchange Stabilization Fund has intervened more in the dollar in the last two weeks than the past four months. All this is temporary and will fall directly into our expectations in terms of the market of our primary interest, gold. ================================================== == Heaven help us! More intervention in the last 2 weeks than in the last 4 mos!!! Those months were the previous record! If memory serves, this would be an amount in excess of $2 Trillion. From 12/29 through mid-Feb the reported amount was $1.5 Trillion!! They are willing to spend $100 billion per business day to keep the "illusion" afloat. If this does not tell you that the crap is coming down NOW, you are simply deluded. Money Matters (no more)

All times are GMT -4. The time now is 05:33 PM. |

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2010, Jelsoft Enterprises Ltd.
Copyright = None use it and Link to GIM