The US Budget deficit wil be a high one next year due to underestimate of the Iraq war effort (Thanks Belg): http://csmonitor.com/2004/1217/p01s01-usmi.html
I thought we may be able to get away with 10% but a 20% increase is too much.
I was asked what priority I gave to the Fundamental and TA coverage.
I think that FA plays the greatest role here as the issues are clear: gold was shorted in a big way but only retreated to 430, due to the USD being kept in check because of the deficits.
The US wants the dollar down while the rest don't want to. Any benefits of a lower dollar have sofar not been proven and may not be unless other measures are introduced.
As to TA, I tend to read Clive Maund; he is a clear presenter and is well known. He is quite happy to stick his neck out. However, I may not always agree.
One reason why I keep gold stocks is because an unforseen event may suddenly occur, eg an attack on oil installations, oil platforms or on US interests, wherever these may be.
The US tax selling month is just about over. The pricing of Canadian gold stocks follows the gold price closely.
Paul van Eeden is wishing you a happy Xmas: http://www.kitco.com/weekly/paulvaneeden/dec172004.html
