Forum Archive Index - January 2003

["soarer2" <soarer2@xtra.co.nz>]

Gold morning,

US markets are taking a battering this morning, the latest bear market rally
is well and truly over. The lows of October and July last year should be
taken out in this next down phase.  June Gold touches $ 370 an ounce.

The privately owned Fed Reserve can't keep printing US $ forever, something
has to give. Consumption is falling, capital expenditure is falling, local,
state and federal administrations are running huge budget deficits and still
Wall street is predicting stock markets will be higher by year end. Does
anybody believe anything that comes out of " Fall " street anymore, the
latest panel of " experts " has predicted across the board that stock
markets will be higher by  year end.
These people are the same ones trashing Gold, they make it very easy in my
opinion you take the exact opposite position to them.


Gold - Long  ( will still be long even if there is a quick resolution in
Iraq, this is just a sideshow )
Stock markets  - Short

As for my favourite Austalian  share, can I choose Gold again this year ?










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