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JimWillieCB

10/16/02 11:30 AM

#353 RE: loantech #343

we have been on parallel paths, LT, on miner georisk
in the spring I mentioned Latin American seizures
been talking about it off/on since
glad we employ similar thinking

thanks to JPG and JWR for the Globex link
saved as Fave now securely

JPMorgo news confirms horrid shite
their securities trading is up strongly though
they are clearly trading the indexes and big stocks at resist lines and at support lines
maybe even their own on the way up, BUT NOT DOWN

a tidbit to keep watching
Dow down 150 pts
TENS yield up 5 bpt !!! (still above 4.0%)
once again, bigstocks and bigbonds are losing simultaneously
bonds typically benefit when stocks are losing their ass
this smells like bond topping behavior, bigtime
big big big big big big news if that continues
and I have been expecting it for some time
so has Sinclair, which is his signal for GOLD launching
he calls it his 5th ingredient

more than anything right now, it means confusion by investors
they moved out of bonds in a very big way in the last few days
now they are not returning to those same bonds as they exit stocks
I think they are feeling whipsawed by stocks
they dont know what the hell is happening with stocks anymore
so money is accumulating in a huge pool of cash on sidelines
eventually, it will find gold
esp if it continually is burned with stocks and bonds each

/ jim