11/4/03
The 3rd quarter GDP was announced at 7.3% - this would appear to be the high in this cycle. Stocks should have peaked by October 31, 2003 or early this week. Then we should start heading lower.

I still do not see +7.3% GDP in the economy. I do not personally know one company which is experiencing significantly rising sales - and no optimistic entrepreneurs running companies.

Gold continues to be strong - before year end we should break $400 an ounce on Gold and head much higher into 2004, whereby we should break $500 an ounce before year end 2004.

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- posted by Arnold @ Tuesday, November 04, 2003