Hi JD.
re: Monex.
While the frequency of them has increased of late, those commercials have been around for close to a year now, maybe longer.
However up until recently they have been limited to the financial news networks.
In the past two or so months
I've seen them on Comedy Central as well as *E*
Further, while surfing the channels I've noticed more and more
The shopping channels have been offering gold and silver coins as well as sets and collections too.
I pity the poor fools who buy them off any of the offers on the boob tube.
Heck, at the prices they are offering them , the consumers won't break even(metal content) until POG rises a good 30%+
I think a surprise is in store:
What kind of surprise are you thinking?
Only surprise I can think of is if POG isn't well above 400 before EOY.
We will take Iraq without a fight.
China and Russia will take care of negotiating with N. Korea for us.
I'm taking a wait and see approach with Iraq. Surely there is by now a war premium factored into POG. How much I don't know
But even if it is a quick war, I don't think it will be enough to affect POG for more that 10% and that will also be absorbed, much to the dismay of the nonbelievers within a month or two max.
re: Russia, China and North Korea.
I don't trust any of them
But I don't think it would be in China's best interests(economically) to participate in an U.S. invasion just yet.
Not until our economy is so severely crippled we only import a fraction of of the goods from China that we do now.
Will that day ever come? I doubt it
So we should be okay with China.
However, with that in mind, you might find this of some interest financialsense.com 
Keep an exit strategy ready.
Always. I plan on taking some trading shares off the table next week unless we can blow through the 355/360 range.
But I don't have any intentions of selling my physical stuff until 1200 or better. By them(POG 1200) it may be time to invest back into USDs and equities.
BTW, what is your exit plan for gold and miners?
Or better still what strategy have you adopted to capitalize on the renewed interest in gold? |
