Zeev's Turnips Patch-No Politics (ZEEV)

[mlsoft]

max...

I tend to agree and look for more downside here. The wild card is the 09/11 anniversary, and although I see no reason for it to be market moving, it could. The other things this week are AG talking (always good for a sigh) and a visit to the UN by Bush where he will most likely call for a final attempt at UN resolutions against Saddam, including a demand for completely open and unfettered inspections - lots of luck on getting that.

War with Iraq is coming, and unless something else intervenes, it will come soon. I am convinced that it is necessary, but am not convinced it will be easy or quick. Until the end is in sight there, it is a negative for the markets and I believe that (plus Japan) is what is sending gold up.

Take care.

mlsoft