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By Monty Guild and Tony Danaher, on January 30th, 2004
Hey Gang, to no surprise there is a decline taking place in foreign currencies, metals and stock prices.
US STOCKS In our opinion, with the Democratic primary season upon us, the Republicans will be under attack. We expect the Republicans will be forced to defend the huge budget deficits they are running, and other issues impacting the country. From this political gamesmanship could come a lot of negative news. This could lead to a volatile stock market all year, but especially over the next several weeks.
We expect the stock market to decline in the first few months of . . .
Continue Reading: January 30, 2004
By Monty Guild and Tony Danaher, on January 20th, 2004
I know I just wrote to you a few days ago, but at the risk of being boring, I want to share some new developments with you about the Indian and Chinese stock markets and also to reiterate that I believe gold and base metals are ready to move higher in coming weeks.
I am a buyer of gold and base metal shares at this time. As the gold shares topped out and started to pull back before physical gold, the shares are likely to bottom out before the physical metal. Our strategy is to buy gold shares on . . .
Continue Reading: January 20, 2004
By Monty Guild and Tony Danaher, on January 15th, 2004
OVERVIEW The US dollar has at last begun to rally. As you know we have been calling for the US dollar to decline for many months and the markets have rewarded our view. However, even in the midst of a long-term decline, it is normal and healthy for the dollar to rise periodically. We wrote in December that we expected a dollar rally possibly by the first of the year. The dollar rally began a week or two after January first.
Further, the correction that we have been expecting in the stocks of base metals, precious metals and growth . . .
Continue Reading: January 15, 2004
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