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Politics : The Obama - Clinton Disaster
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To: Cage Rattler who wrote (25991)2/10/2010 5:44:56 PM
From: DuckTapeSunroof  Read Replies (1) of 103300
 
Re: "OK. I assume, given an Israeli attack upon Iran (albeit not a current certainty but nevertheless, a possibility), that you feel gold and gold related equities would be unwise positions to hold. Am I correct in that conclusion?"

Not really....

1) I am currently rather heavily invested in PMs (primarily through junior and exploration-level miners, but also royalty plays such as Silver Wheaton and Franco Nevada) although my weighting in base metals and oil (and other commodities) is much larger still. So it's safe to say that I'm a 'believer' in the mid-to-long-term potential with PMs. I expect a rather large amount of Central Bank buying of gold over the coming decade or so, and that is one thing that plays into the calculation of higher prices... Though in the short-range (after the rapid increases of the past two years or so) a correcting pullback would not surprise me one bit.

2) "an Israeli attack upon Iran". I regard that as a vanishingly small possibility. (And so I would not be inclined to load up on Gold as a 'preparation' for that eventuality....) If I actually *expected* such an attack was imminent I'd probably run right out and load up on the Volatility ETF (VXX), while selling gold into any price spike. Expect I'd see more profits that way....
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