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Politics : Gold and Silver Stocks and Related Commentary -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (2810)	1/6/2005 11:42:55 PM
From: SOROS	Read Replies (2) \| Respond to of 18308

Brief scan of today's news stories, and it's obvious why gold has been going down and high PE stocks touted on CNBC have been going up -- there's nothing but GOOD news everywhere you look. Yes, I'd say Greenspasm and co. have everything under control. Who needs gold? I remain, SOROS A roadside bomb killed seven U.S. soldiers Thursday in northwest Baghdad, while two Marines were killed in action in western Iraq, the deadliest day for U.S. forces since a suicide attack last month, the U.S. military said. U.N. Secretary-General Kofi Annan urged nations to come forward immediately with the billions of dollars in aid they had promised, amid warnings that 150,000 more people could die from disease — more than doubling the confirmed toll of 140,000. After a rapid expansion fueled by hefty tax cuts and historically low interest rates, economists are expecting a substantial slowdown in 2005, according to MSNBC.com’s annual poll of forecasters. Meanwhile the personal savings rate has dropped to near zero and the nation’s troubling twin deficits -- in trade and the federal budget – are at or near record levels. A bird flu virus commonly found in chickens in Hong Kong’s markets could mutate and jump more easily to humans, possibly leading to the next influenza pandemic, scientists said on Tuesday. The unprecedented prospect of Saudi Arabia under attack from within exposes the vulnerabilities of the world's two chief forms of insurance against oil shocks: IEA stocks and Saudi swing capacity.