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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (499080)	11/26/2003 12:40:01 PM
From: JakeStraw	Read Replies (1) \| Respond to of 769670

Reports Brighten U.S. Growth Prospects

To: Kenneth E. Phillipps who wrote (499080)	11/26/2003 12:41:14 PM
From: JakeStraw	Respond to of 769670

Midwest factory surge most in 9 years - Chicago PMI index jumps to 64.1 vs. 55.0 in October

To: Kenneth E. Phillipps who wrote (499080)	11/26/2003 12:42:54 PM
From: JakeStraw	Respond to of 769670

"The November Chicago Purchasing Managers Index stood at 64.1 vs. 55.0 a month ago and topped expectations for 56.3. It was the highest reading since October 1994, the National Association of Purchasing Managers-Chicago said Wednesday. The report comes on the heels of other data Wednesday that showed a surge in orders for big-ticket items. "The [PMI] gain was driven largely by a huge surge in new orders, boding well for the near-term outlook," said Andy Kish, economist with Economy.com. Readings above 50 denote business expansion, while readings below that line show contraction. The index has shown factory expansion since April." cbs.marketwatch.com

To: Kenneth E. Phillipps who wrote (499080)	11/26/2003 1:34:03 PM
From: Hope Praytochange	Respond to of 769670

<<COMEX gold challenges $400>>> comex gold hit record high $850 under peanut farmer Carter ???

To: Kenneth E. Phillipps who wrote (499080)	11/26/2003 1:39:29 PM
From: Hope Praytochange	Read Replies (1) \| Respond to of 769670

Gold aficionados believe that the dollar will continue to fall. They argue that the Bush administration wants a weaker dollar and that confidence in the dollar is being hurt by American foreign policy. The current account deficit, which measures the balance of trade in goods and services with the rest of the world, is nearing $500 billion, and that is also a drag on the dollar. Yet if the economy does manage to continue to grow modestly — after the stunning 8.2 percent growth at an annual rate in the third quarter that was announced on Tuesday — the dollar might not fall all that much more, limiting the upside for gold from here.

To: Kenneth E. Phillipps who wrote (499080)	11/26/2003 1:41:58 PM
From: Hope Praytochange	Read Replies (2) \| Respond to of 769670

A third force of note is speculators. They have been betting heavily that gold will rise. Look at the net of the futures contracts to buy and sell gold outstanding on the Comex division of the New York Mercantile Exchange on Sept. 2. The net equaled almost 123,000 contracts to buy about 12.3 million ounces of gold, the biggest weekly position by far in the Commodity Futures Trading Commission data going back to 1983. But since then, these positions have been trimmed, with the net buy contracts totaling 93,160 as of Nov. 18. While this is the ninth biggest weekly net position, the fact that it has shrunk may be another reason why gold has still failed to break through $400.