Papaya : Yes, I saw Mr Starr in action. And Mr Hyde. And the rest of the white-haired, lynch mob salivating for Slick's blood. It's not clear to me what they are trying to do because they don't have enough support to impeach him and the recent election also demonstrates the "American People" (I love that expression) are not in favour of a hanging. IMO, the more the Republicans proceed with this self-righteous and moral-superiority crusade, the more support they will lose. Clearly, that's why Newt pulled out. Looks like they are not satisfied just shooting themselves in the foot, now they want to shoot themselves in the balls!
Re POG, the third, recent 0.5% Fed cut and yesterday's sharp weakness in the $US should be favorable to a $300 penetration. But I keep getting the feeling that the bullish factors have been discounted because, if it was going to move up, surely it would have done so already. In fact, I am unimpressed with this kind of "hand to mouth" action which we see in the gold price --- a little bit here, and then a little bit there. Then a little bit up, and then a little bit down. That's why I concluded, in a recent post, that the POG is "horizontalizing". In fact, if it stabilizes at $300 then all the "gold standard" devotees should be satisfied. But, they won't be!!
Meanwhile, I'm waiting to see the POG rising in ALL the main currencies. pacific.commerce.ubc.ca Plot the gold price since 1995 in SDRs --- still hasn't turned up. |
