Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: menanna who wrote (43153)	12/12/2003 11:04:33 PM
From: yard_man	of 74559

His take on Bush is right on. True fiscal conservatives dislike him intensely and what he has done ... deception upon deception and excuse upon excuse to wildly expand the reach of government. Imperialism at this pt is bearish for the US continuing as THE superpower, IMO. With respect to South African golds -- the rand at 6.4 probably is shutting some mines -- at least curtailing some plans. I don't know about the rand at 5.0 -- could happen I suppose, but I suspect we are near some feedback that will prevent a further rise in the rand. he is right, that if the rand even persists at 6.4, you wouldn't want to own south african stocks, but I think he likes the idea of a few more mines shutting down because it fits his super-bullish take ... 1) nothing says the rand has to stay strong 2) the more important factors influencing supply is not just the mines, but gold above ground and the discretionary selling of that (i.e. lack of) -- it has been the absence of selling which has propelled the market, I think. Investment demand helps, but I don't think that is it ..

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