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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: ild who wrote (46714)	12/6/2005 12:03:23 PM
From: ild	Read Replies (2) of 110194

Date: Tue Dec 06 2005 12:48 trotsky (Dippenaar to head GBN) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved we really have an excellent good news week going here...Dippenaar to head GBN, 3 takeovers announced yesterday alone, and the Economist pens an ultrabearish article on gold, all while the metal is hitting 24 year highs. what could be better? Date: Tue Dec 06 2005 12:33 trotsky (@economist article) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved "Even at $500, it's still a barbarous relic" "gold's enduring capacity to disappoint." "Nothing in either bond or stockmarkets suggests that investors see much danger" "The dull truth is much less bullish for gold." "Meanwhile, gold remains fundamentally unattractive. " and last but not least: "Caveat emptor." this is magnificent...music to my ears. few financial publications have a more solid contrary indicator record than the Economist ( we can conclude that it is aptly named - economists have proven time and again to be among the worst economic and market forecasters ) . who will ever forget the loud ringing of the bell when in the late '90's, with crude oil at a 20 year low, the Economist saw fit to blare the headline "Drowning in Oil" on its cover, predicting its price would fall from $10 to $5? its 'The disappearing Dollar' cover from late 2004 likewise managed to catch the dollar bear market's low to within a few cents in the dollar/euro pair. the Economist denouncing new bull market highs in gold with such practiced certainty and conviction is just about the best thing that could have possibly happened on the sentiment front...proof that the bull market is alive and well. CNBC Europe interviewed a London-based analyst today who likewise was dripping with disdain for gold and saw fit to warn everybody off. good news all around in short. economist.com

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