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- Gold is hitting $500 an ounce, and of course the predictions of $1000 gold are coming out of the woodwork. You know these kinds of predictions. It's a momentum call. It's a call that since something has gone in one direction, it'll continue in the same direction forever. We saw it in 2000 when folks were predicting 40,000 on the DOW. We saw it in 2002 when folks were predicting 3000 on the DOW. You be the judge.
- I'm tired of cold weather already, and it's only been about a week or so of it here in Sacramento. Raining today.
- Merck is letting go of 7000 folks. Mostly manuracturing jobs they say. Closing 5 plants. I'm scared of investing in Big Pharma because I think we're going to socialize it down the road. Just my opinion, of course. You know, with folks aging and needing more and more drugs, I don't think there is enough money on the planet to cover the costs. At some point, the voters will vote for politicians who will try to do something about it. Again, still just my opinion.
- I think the long term catalyst for gold is inflation, and the core rate of inflation continues to be very mild. Gold has been a great trade for those who have made profits. Can't deny them kudos for a good call.
- The market looks like it's chillin' today. Are we going to get month-end strength this November?
- Lunch time!