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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Syd Deem who wrote (16086)	5/18/2001 2:12:07 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

Syd, I do not think that the gold recent ascent just above $270 has anything to do with the ME. I do not think there is real shortage of gold either, so apart of short covering rallies or other cyclical (rather than secular) reasons, I do not see gold as a great investment here at $270. The stocks are another thing, some of the big one have removed their hedges at "good prices" and may redeploy them here above $270, it seems that they are better at making money in the NY pits than in the mine pits (g). As for the fighting itself, I think it is a tragedy. People usually resort to arms as a last resort, and hope that this instrument may yield strategic goals not achievable by other less violent means. I see no strategic goals either party can achieve with violence, and it is becoming a vicious cycle. If it degrade to a real all out war, the losers, once more, very tragically, will be the Palestinians and a new generation of Palestinian refugees. Arafat should have accepted Barak's last offer, I doubt that in the next fifty years he'll get anything better. They should have accepted the UN offer in 1948, it was much better than what they are offered now. In fifty years, they will be lucky to end up with 70% of what they were offered last year. Iraq would love to go to war with Israel and fight to the last drop of Palestinian blood. Zeev In edit, my cyberfriends on the MU thread will hate me for this, but I just got into MU here under $40, I think we have a good chance if that market continues its ride up to see $45/6 or so, maybe even a challenge of the mid April highs just shy of $50.