2/5/03
SPECIAL ALERT!

Gold prices have soared above $375 towards $386 today (Wed. February 5, 2003). It seems to me that if you are a trader - you would want to consider taking profits now and wait for a re-entry in your gold stocks at lower levels. If you are not a trader, you may hold onto your present position, as it should come back.

We are in very dangerous times both economically and geopolitically.

Let me attempt to explain an issue for which I receive a great deal of grief. I am neither a Republican nor a Democrat. I don't support Bush - specifically. In terms of this present tax proposal from Bush, assuming his numbers are correct, it would benefit the economy by $660 Billion over 10 years, or $66 Billion per year. The losses sustained in the stock market alone are already $6 to 7 Trillion and that's in the U.S. alone - If you add in U.S. holders of foreign stocks, the losses are closer to $10 Trillion. So the Bush stimulus package offers less than 1% of the stock market losses alone.

©2003 Arnold's Ramblings Inc., All Rights Reserved

- posted by Arnold @ Wednesday, February 05, 2003