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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: koan6/7/2006 11:35:15 PM
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Nikkie down 347 points. Wow!!

kitco.com

It seemed the stockmarkets were all keyed on the fed. I figured the fed had decided to give warning for one more raise and then they would freeze the raises going through the election hoping to give the stock market a kick and republican candidates some fuel.

But everyone said it was threading a needle. Everyone assumed they could do it i.e. raise rates without sinking the market, I am not so sure.

Things have never been worse: Our troops are sort of trapped over in the middle east not unlike Custer. Immigration has no solution only existential decisions no one can even figure out how to make, and it is chronic and intractable. Deficit problem looks impossible to solve.

Global warming is still being debated despite only two very loud voices objecting: Lindzen of MIT and Gray of U of Colorado and both are seen as out of touch with reality.

Gray is 76 and seems desperate to tell his story of natural cycles and does not like modern computer modeling. What does that tell you?

Iran. That looks like an imminant situation that will cause a conflagration not seen since the second world war.

One would expect gold and silver to rise, but in 1987 under these same circumstances (sort of -lol), mining stocks tanked. simply the Facts made a good point.

Boy, this could be really bad. I do not know what to think.

To be honest, I think the most pressing threat is to make sure Bush does not bomb Iran without consultation with the United States congress. It has to be made cystral clear to Bush he cannot bomb Iran without an OK from the US congress and they will never OK that.

I am glad I took 25% in profit and am probably just going to ride this out. I still see gold and silver as safe havens and growth in asia. So I will sit.
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