Sharechat Logo

Forum Archive Index - February 2003

Please note usage of the Forum is subject to the Terms & Conditions.

 
Messages by Date [ Next by Date Previous by Date ]
Messages by Thread [ Next by Thread Previous by Thread ]
Post to the Forum [ New message Reply to this message ]
Printable version
 

[sharechat] Snoopy and Iraq War


From: "Lazy Haggis" <lazyhaggis@hotmail.com>
Date: Thu, 20 Feb 2003 18:41:39 +0000


Snoopy's comments ....

There's an old investment saying:
"Sell on the rumour, buy on the fact" (with bad news)
I think you will find that if the USA invaded Iraq tomorrow, the
market would spike upwards almost immediately, and gold will plunge
in value.

Snoopy is probably correct that the stockmarket(s) will rally (and gold 
fall)if and when the US/UK invades Iraq. This will provide an ideal time to 
sell equities and buy gold bullion and/or gold shares, unless of course you 
think that gold has been rising, and the US market falling for the past few 
years, is soley due to Iraq.

The US economy is in major trouble, and is likely to fall over 50% from 
current levels over the next 18 months. Any further terrorist activity will 
only compound this problem, and I think most people believe that there will 
be a lot more terrorism in the coming couple of years.

The outlook for normal equities worldwide is dismal.

Lazy Haggis

_________________________________________________________________
MSN 8 with e-mail virus protection service: 2 months FREE*  
http://join.msn.com/?page=features/virus


----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/chat/forum/


 
Messages by Date [ Next by Date: [sharechat] War against Iraq Jefley Aitken
Previous by Date: [sharechat] Daily ShareChat News Summary The ShareChat Team ]
Messages by Thread [ Next by Thread: [sharechat] WRI RESULT BY MACDUNK Duncan MacGregor
Previous by Thread: RE: [sharechat] Advantage? Mark Stevens ]
Post to the Forum [ New message Reply to this message ]