Forum Archive Index - February 2003

["Lazy Haggis" <lazyhaggis@hotmail.com>]

Snoopy's comments ....

There's an old investment saying:
"Sell on the rumour, buy on the fact" (with bad news)
I think you will find that if the USA invaded Iraq tomorrow, the
market would spike upwards almost immediately, and gold will plunge
in value.

Snoopy is probably correct that the stockmarket(s) will rally (and gold 
fall)if and when the US/UK invades Iraq. This will provide an ideal time to 
sell equities and buy gold bullion and/or gold shares, unless of course you 
think that gold has been rising, and the US market falling for the past few 
years, is soley due to Iraq.

The US economy is in major trouble, and is likely to fall over 50% from 
current levels over the next 18 months. Any further terrorist activity will 
only compound this problem, and I think most people believe that there will 
be a lot more terrorism in the coming couple of years.

The outlook for normal equities worldwide is dismal.

Lazy Haggis

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