Crimson > BTW if you think total disaster is at hand why are you so bearish on gold?
My position, in SA, is different from that of people in the US, for example. In SA, the rand is very highly valued and for this reason the gold price in rands has not reached the level of four years ago. Secondly, gold shares, in SA, are relatively unattractive (IMO) as investments because the costs on the mines, especially labor, are too high. Furthermore, no sooner do the profits rise but the miners go on strike for higher wages. Compared with alternative investments, gold mines have been disappointing over the past few years -- unless one traded their ups and downs.
stockcharts.com[l,a]dallynay[df][pd150,2][vc60][ilb14!la12,26,9]
stockcharts.com[h,a]dalaynay[dm][pd200,2.5][ilb14!la12,26,9]
Thirdly, my own experience has shown that one must trade, and not hold, gold and in this regard I see the present technicals show a parabolic rise in the gold price which I believe is unsustainable and therefore a retracement is inevitable.
Fourthly, the present bull market is not associated with a particular demand for gold itself, but has been brought about by speculation with derivatives (futures and options). Therefore, I regard the present situation as very speculative.
Re the total disaster scenario, I agree I said that and it is possible? But it is a fact that the chasm between pro-war and anti-war factions in Israel will increase because there is no politician who commands the center, as Sharon tried to do. I also said that the right wing is likely to win, but that's been the case for many years now.
> Like your fellow countryman Clive Roffey I see $600 this quarter
And then -- do you sell or hold for $1000, three months later? Or wait for the guru to make pronouncements?
Here's something you may find surprising -- I did:
prisonplanet.com
>>Poll: Jews Oppose Iraq War
Despite a widely held belief that neocons – many of them Jewish – are behind the war in Iraq, about 70 percent of American Jews now oppose the war, according to a new survey released by the American Jewish Committee.
The survey also found that 60 percent of Jews in the U.S. do not approve of the Bush administration’s handling of the campaign against terrorism.
Back in 2002, before the Iraq war, almost 60 percent of American Jews approved of Bush’s handling of terrorism and supported military action to remove Saddam Hussein from power, the Jewish publication The Forward reports.
By the fall of 2003, after the Iraq invasion, only 43 percent of Jews in the U.S. approved of the war and 41 percent had a favorable view of the campaign against terrorism.
In the latest poll – conducted by Market Facts, a consumer research company – only 28 percent said they support the war.
Among those polled, 26 percent said they are "extremely conservative,” "conservative” or "slightly conservative,” while 29 percent said they are "moderate.”<<
That's only 55%. I wonder how the remainder regard themselves? |
