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BUSH
AND GOLD, ACT 1 Below is gold’s price action this last Wednesday. At the moment gold is awaiting the next catalyst which I believe will be an escalation of mid east tensions.
"The gold market is showing tremendous strength," said Spina, in e-mailed comments. "Yes, oil and the U.S. dollar have been factors giving direction to this market, but now there is growing independence in gold's moves of late." "There is strong investor interest again and...we could be in the midst of the next leg higher, but let the market confirm this to us…" click What really peeves me is what captures the interests of the American people today. There is more excitement every week over the show “American Idol” than there is interest in the evening news reporting new deaths of US soldiers and US civilians losing their lives in Iraq. At least during the Vietnam War there existed an American conscience that showed concern for its war dead, but not today. Further signs of disinterest and lack of appropriate concern? Not long ago there was an American GI sitting on the top of his tank when a hand grenade was tossed in the open hatch. This 18 year old boy had a split second in time to make a decision. He could have chosen to jump off of the tank and save his own life. Instead, he chose to quickly climb back into the tank and throw his body over the grenade to save the lives of his fellow soldiers. Do we even know this soldier’s name? Has this story been plastered across every news paper and magazine? No, this hero dies in literal anonymity after giving his life for his country and making the ultimate sacrifice that can be made. But we didn’t catch the story because we were watching “American Idol” and entertaining ourselves from watching contestants be humiliated for their performance. And what has all this to do with gold? Plenty, as I believe the era of indifference is soon going to cost us greatly. This country feels confident it is fighting the war successfully against terrorism today. But how can we really be successfully winning any conflict when we do not even appropriately honor our war dead? Anyway, my point is that I believe things are coming soon to a nasty situation in the mid east and gold will be about the only beneficiary. Sell your gold shares now? You would be crazy, too. When the lid blows over there gold will climb sky high. Hi David “I am a regular reader of your contributions posted on xxxx. I'd love the chance to buy you a beer or two sometime. Your mix of cautious concern and sarcastic humor is both delightful and terrifying. You remind me of me (except I think I'm better looking).” “I became interested in commodity investing in 2001 after watching more than half of my net worth evaporate in the tech-wreck. I won't go into a historical diatribe. Suffice to say that I have now tripled my net worth since my initial interest and am doing exactly what all the so-called financial experts tell us not to do. I am NOT diversified. My entire investment portfolio is in precious metals with a chunk in energy (mostly uranium juniors).” “…I think anyone without significant exposure to precious metals in their portfolio is in for a very rude surprise in the not-too distant future.” Cheers, JP But we should all feel safe now because there’s soon to be a law against spanking your child in California. I feel safer already. “Assemblywoman Sally Lieber, D-Mountain View, wants to outlaw spanking children up to 3 years old. If she succeeds, California would become the first state in the nation to explicitly ban parents from smacking their kids.” “…it would be a misdemeanor, punishable by up to a year in jail or a fine…” click Vancouver!!! Just got back from the Vancouver Gold Show put on by the Cambridge folks. You should have come. Honestly I believe that if you have a minimum of 5 figures invested in this market you really need to come to at least one of these shows a year. They are tax deductible. A mini vacation you can write off your taxes. I went to the GATA evening reception and Jay Taylor, Bill Murphy, Bob Bishop, Frank Veneroso and many other prominent analysts were there. Did I mention that these shows are tax deductible? Again, if you have any sizeable money at all invested in gold or resource stocks you should take the time to come to one of these conferences to further educate your self by talking to company executives or individual analysts and experts. During the show I make it a point to talk to as many investors as I can. I talked to quite a few who had made over a million dollars in the past 3 years on gold and resource stocks. You can make money in this market, but only if you buy in and know when to sell. Harold has made 3 million dollars in just three years and quit his executive position to handle his portfolio full time. The following is one of the many folks I talked to who have made fortunes already in gold stocks. Harold attends these gold shows with pre arranged meeting with presidents of new companies he is considering investing 500,000 to 1,000,000 shares in. If you are successful in this market it really can open up a brand new type of life style for you. And wealth is really all about having the extra time to pursue your dreams. The following text below is from the prestigious “Fortune.” “So if you liked gold in 2006, chances are you'll want to stick with it in 2007.” click
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