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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (247774)	6/30/2003 3:28:56 PM
From: patron_anejo_por_favor	Respond to of 436258

Sold a bit more CLS and a first third of POS (MU)....haven't been in this one in a couple of years.

To: patron_anejo_por_favor who wrote (247774)	6/30/2003 3:29:34 PM
From: Knighty Tin	Respond to of 436258

silver was very strong today. The other white metal has some moving to do to catch platinum, but it tried a bit today.

To: patron_anejo_por_favor who wrote (247774)	6/30/2003 3:33:57 PM
From: ild	Read Replies (1) \| Respond to of 436258

RSA Rand is too strong, although Trotsky thinks that it should go down. Date: Mon Jun 30 2003 11:23 trotsky (Hambone) ID#377387: Copyright © 2002 trotsky/Kitco Inc. All rights reserved the way i see it, either the Rand weakens ( big rate cutting spree has just begun in SA ) or the dollar PoG powers ahead. admittedly there were very good reasons for the Rand to rise: a fiscally responsible government, a stern and conservative central bank ( who would have thought that Mr. Tito Mboweni would turn into a more responsible central banker than the entire Fed board combined? ) , falling inflation ( which is mostly a RESULT of the stronger Rand ) , a booming economy, a favorable rate differential, a trade surplus. to some degree these fundamentals still obtain, but the Rand has had a huge rally already, and has imo priced all of this and then some in by now. one important fundamental has basically disappeared by now, namely the trade surplus. political risk perceptions seem to be reflecting reality now ( that risk has always been far lower in SA than various US-based investment advisor hacks would have you believe ) , but could be damaged again by Zimbabwe's situation spinning further out of control. in short, the Rand now reflects all the good things and none of the risks...a very unusual state of affairs, and one that statistically speaking has never managed to last very long in the past.