Forum Archive Index - November 2003

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

Data as of Friday 7 November 2003

SP500 - up 18%
NASDAQ - up 45%
SP ASX 200 - up 8%
SP ASX Industrials - up 5%
SP ASX Resources - up 28%
NZSE 40 - up 13%

XAU (Hedged Gold) - up 41%
HUI (Non-Hedged Gold) - up 74%
Gold Bullion - up 19%
Oil Brent Crude - up 19%

NZD/AUD - down 1%
NZD/GBP - up 16%
NZD/EUR - up 8%
NZD/YEN - up 12%
NZD/USD - up 23%

Some Comments:

The NASDAQ is effectively a casino of money chasing money after companies 
making a loss, with high P/E's, little or no yield, insiders selling their 
shares, and likely to crash soon.

Resources (gold, silver, copper, nickel etc) are real commodities used in 
real industry with a growing demand. Some resources also have political and 
psychological demand such as gold and are likely to soar soon.

If next year is anything like the past year, and gold increases a further 
20%, then gold stocks are likely to increase considerably more.

If you believe the world is heading into a happier more peaceful place, then 
gold will probably fall. Personally, I think the world is heading into 
trouble, and gold will increase considerably more than 20% by this time next 
year.

Hope the above is of some use.

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