WARNING: This is Version 1 of my old archive, so Photos will NOT work and many links will NOT work. But you can find articles by searching on the Titles. There is a lot of information in this archive. Use the SEARCH BAR at the top right. Prior to December 2012; I was a pro-Christian type of Conservative. I was unaware of the mass of Jewish lies in history, especially the lies regarding WW2 and Hitler. So in here you will find pro-Jewish and pro-Israel material. I was definitely WRONG about the Boeremag and Janusz Walus. They were for real.
Original Post Date: 2008-03-13 Time: 00:00:00 Posted By: Jan
Good news folks, Gold has bust through the $1,000 limit! It pulled back after that – but that is to be expected as people take profit. Wait for Gold to consolidate its gains and to then start going back and remaining above the $1,000 point!
Today the stupid South African Rand closed the day on the edge of R8 to the US$. Folks, just a few short months ago we were talking of when a 1 Oz Kruger Rand would reach R7,000. But now we are poised on the edge of a 1 Oz Kruger Rand being R8,000! Just give it a little while long. Technically, we’re on the verge of that. What an amazing run we’ve had since January 2008!
I’m watching the DOW Jones index in the USA. They tried to push it up by unleashed $200 billion of credit… and even so, the DOW is thrashing around, half-drowning around at 12,000. I’m watching to see if the DOW won’t now finally just give up and dive below the 12,000 limit. My interpretation of the charts I’m looking at is that at BEST, it is unlikely the DOW can go above 12,600 – at its very best. So I’m hoping it will just plummet down to nearer the 11,000 level.
Let’s watch it…
I heard on TV news tonight that business confidence in South Africa has crashed from a level of 66% to 48%. Trevor Manuel tried to put a nice face on it… with the normal claptrap about how GREAT they’re doing. Wait… let’s see… That 48% was the Business confidence level AS AT THE LAST QUARTER OF 2007 folks – BEFORE THE WHOLE ESKOM ELECTRICITY DEBACLE WHICH SENT HORDES OF PEOPLE TO PREPARE TO ABANDON AND FLEE THIS COUNTRY! Let’s see the next time when they tell us the Business Confidence level for the first quarter of 2008!!!
On TV news tonight they said South African Gold output was DOWN 16% and Diamond output was down 10% because of Eskom’s electricity nonsense. Many mines still are still not getting 95% of their electricity needs.
Jobs are going to be lost. So despite a worldwide boom in commodities, here we are, looking like complete asses in a country where we can’t even benefit from the commodity prices. I’m not investing in a local mine ever again. I pulled my money out some time back, and will not touch any of them with a barge pole.
FINALLY in the USA the majority of economists now say the USA is in a recession. They’ve been resisting the “R” word for months now. But finally, it is staring them in the face.
Our Rand is looking horrific – but the ANC has brought this on us, especially with the Eskom debacle.
Eskom had the BLOODY CHEEK to say that “consumers are not cutting enough electricity” so blackouts will resume at the end of the month! Businesses are taking losses in order not to use too much electricity.
So wait… this Eskom debacle has not worked its way through the system.
For those of you with KrugerRands… everything is looking hot. I’m delighted with how things have gone. We’ll just keep a regular eye on things. But this economy is so screwed and the US Dollar is so buggered… that let’s hope we can make some really good money out of this damned chaos and madness.