Zeev's Turnips Patch-No Politics (ZEEV)

[Frank Pembleton]

jrhana... I agree, you can't make a call on the spot price of gold, and you shouldn't. First off, the spot price isn't dictated so much on demand as it is on supply. Secondly, the American dollar is the worlds reserve currency. -- No matter how tough it gets in South America, smart money finds its way back to the US$ instead of gold.

What we need to spark the gold bull - is a lack of confidence in the United States financial systems. That's it that's all. Once that happens we'll see, like we seen in the bad old days (between the years of 1990 - 1996) the gold mining sub-sector appreciate by a 100% a year. I don't know about you, but I'm ready-- I have my baby caps safely tuked away. LTBH - until the herd comes rushing in.

The fact is you can trade these stocks, you can make the call when they're gonna rock and you can make the call when there about to sell-off. I know this because I do it regularly... you play'em strictly by momentum.

Spot price? What spot price...

Regards,
Michael