faramir Posted July 14, 2006 Report Share Posted July 14, 2006 But if the HUI leads the physical, then physical is going down, correct? In the strange world of the Canadian currency, as the Loonies has weakened it has raised my cost to add physical. At least you Yanks don't have to worry about the currency crap - it's all pretty simple for you. One wonders if gold will ever outperform US Gold in other currencies. Not as long as the USD is continuing its bear market. Anyways, does gold really have a war premium? Didn't seem so in the wake of 911. Eventually the Israeli conflict could become business as usual and gold won't care? I am thinking inflation is the real issue for gold. Joe and Jill sixpack have some inklings that costs are out of control (other than their pathetic wages). In my line of work we have seen our net incomes fall this year - with our Defined Benefit pension fund telling us they don't have enough money and have to raise our contribution rates. I wonder how much more of this will be happening in Canada (The US worker foolishly tossed his DBP for 401Ks) in the next few decades. Link to comment Share on other sites More sharing options...
Whadda I Do Whadda I Do Posted July 14, 2006 Report Share Posted July 14, 2006 It is only business as usual until people find they have to buy less, eat less and work more. If you rely on the stock market for retirement funds........... Miners acting fairly well today compared to the regular markets. Spot prices holding steady. Link to comment Share on other sites More sharing options...
faramir Posted July 14, 2006 Report Share Posted July 14, 2006 Sorry, I meant business as usual as far as violence in the middle east. In the end Lebanon-Israel-Gaza don't affect oil supply. Yes, you are right there will be a moment when the public realizes that inflation is absolutely kicking their ass. Not just at the gas pump. I keep an eye on our company's retirement fund. What concerns me is how much US equity it still maintains - very dumb if one expect the US dollar to fall at least to 68 on the USD Index. Link to comment Share on other sites More sharing options...
The CoinGuy Posted July 14, 2006 Report Share Posted July 14, 2006 Just checking in, looks like CapStool was down for a month or so? Hope everyone's having a good summer, will be back in the states in a few weeks. TCG Link to comment Share on other sites More sharing options...
faramir Posted July 14, 2006 Report Share Posted July 14, 2006 You are right. Miners are finishing the day nicely. Kicking myself for missing out on ABX today. If Ander is right I missed my entry opportunity and Monday we are off to 400 on the HUI. Link to comment Share on other sites More sharing options...
Charmin Posted July 15, 2006 Author Report Share Posted July 15, 2006 Yeah, I just got back from three days of vacation and we lost our July Thread it seems. I guess I'll start one now. Link to comment Share on other sites More sharing options...
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