Gold WILL come up if....
Hi Richard,
If you can believe the guys on the Big Kahuna thread, gold will go up WHEN "the big one" hits.... Many are talking about when to switch to bullion if and when the DOW starts to melt. Actually, there has already been some stabilization in share prices for the major minings in Canada...ABX and PDG... despite the the gloomy Gold conference in Geneva last week... My guess is that it is mainly due to the "cracks" showing through the DOW and the TSE... and comments coming out of Japan this week.
If Greenspan raises interest rates, Japan gets ticked off at exchange, etc... gold will probably be quick out of the starting gates... (and, in fact, DOW will melt if any of those things actually comes to pass). Also if U.S. "jobless rates" turn out to be higher than expected... I don't know about that one... Are the stats on jobless rates as fake in U.S. as they are in Canada???
But, despite all of the above, as you know if you are reading the Kahuna thread, the Bulls have plenty of fund $$$ to continue their wild run through the equities markets... However, sooner or later something will make the fund managers nervous, and when it does, the Bears will probably have their day... and that will probably signal the beginning of ours too...at least for the "producers" and then for the "explorations"... (-:
Here's to some better days... and some fulfilled "wish lists"
Regards,
Bev |
