Sunday, 2 November 2008

Gold and politics


Quick comment on gold: I think gold will fall down further, perhaps even touching 500. So far its difficult, if not impossible, to say when, and at what price gold will turn bullish again. Still, buying at these levels will give good long term gains. Id also like to point out that other commodities (agricultural, base metals and energy) look very inviting at these prices.

Also, there is an election on in the US. I have no idea whos gonna win, although it seems as if Obama has the best shot. (He currently has a 87,6% chance according to intrade) But still, I dont have a clue. for all I know, Mcain is saving his best hatchet job for tomorrow when Obama has no time to respond. We'll see.


1 comment:

hlewagastiR said...

McCain's not going to win and you know that!