Peter Jackson

Obama's Role in the Market's Next Breakout

I agree. We have seen the bottom of the markey. World markets will be 30% higher by year end - not a lot to expect as they have fallen more than this. If we can shed a few hedge funds and some rotten institutions along the way, life will improve for the investor. The doomsters and gloomsters will eventually stop stop saying that things will get worse.
And a Democrat President is always better for the stockmarket than a Republican. Look at statistics.

Peter Jackson

No Reason to Fear the IMF Gold Sales

Why the recent obsession with gold? Gold creates no jobs, pays no dividends and stimulates no economic activity. After the days (in early 1980) when Bunker Hunt pushed the silver price to $50 per oonce and gold rocketed to nearly $900 per ounce, both metals fell to a small fraction of those prices.
For a quarter of a century the metal prices languished, but suddenly
gold is touted as a 'must have' asset. From what I see, world use of gold for jewellery and decorative purposes is diminishing rapidly. leaving the speculators to pick up the baton.
The purchase of gold is driven by greed and speculative forces, the same forces which caused the housing bubble. Can people not see this?

Peter Jackson.

A Dozen Positive Bounces

Well, these pages seem to be monopolized by the prophets of doom.

Of course they are saying 'buy gold and silver, Armageddon is awaiting. Things can only get worse in the world economies. We told you so.' Etc etc etc.

My read is that is things can only get better. Sit tight when it comes to the (stock) markets. You won't enjoy the ride, but don't lose heart. Just persevere.

Gold is the new property market! - Driven by greed and opportunism. And gold creates no rents, no dividends, practically no jobs. It is the current fad, and it will be dropped like a hot potato when (and it will happen) the world stock markets stabilize and the hordes decide that it is time to get back into stocks.

I did predict in mid 2008 that the US Dollar was undervalued. Now it is overvalued. Sell US Dollars, buy world stocks, buy oil, sell gold. Things have a habit of rebalancing!!!

Peter Jackson

Nine Ways to Profit in 2009

How about this?

1. A 35% increase in US and European stock markets by year end 2009
2. Oil stabilizes at around $45 and climbs to $65-$68
3. Both US Dollar and Euro drop substantially against British Pound
4. Emerging Markets steady and bounce back.
5. Fiscal stimulus packages begin to work and confidence returns
6. The US/European media finally realizes that gloom and destruction is a self fulfiiling prophesy.
7. Gold falls back to $625 by year end after fluctuations.
8. Silver will outperform gold
9. Warren Buffett is not stupid, and his buys in the fall and winter 08-09 quickly come good.
10. A 40% increase in the UK, China and Brazilian markets in 2009

Calling It Quits on Gold, Platinum - It's Time to Go Financials!

Well, the incidence of subprime problems does seem to have peaked, oil prices seem to have peaked, the euro has surely peaked, and gold and silver prices appear to have peaked. Obviously, the property market peaked some time ago.

I feel that world stock markets and the US Dollar are the 2 obvious 'buys,' in the short term and probably the longer term. Following the principle that we should buy that which is cheap and shun that which is now overpriced, I think we should turn away from precious metala and most commodities,

Peter Jackson