2/21/2004

Economy in General
THINK OF FREE TRADE AS FOREIGN AID

The Left stand against Free Trade misses something much deeper. Free Trade, NAFTA and the other ones, are simply surrogates for the much hated "foreign aid". If the Democrats win and junk these agreements an immediate revolution will happen in Mexico that will spill into our country. Ditto with every other agreement. You want a real war? See what happens when the Chinese dump every U.S. T-Bond they have bought over the past two or three years. Same with Japan. This is a suicide pact. End free trade agreements and we will really be toast. The stock market is very nervous about this election, and investors should be. These markets could easily dive during the summer if "Silent Cal" Bush stays deaf and dumb about policy. I don't comment directly on markets anymore, but.....if you still have a buy stop on gold at $393 + that I suggested three weeks ago, cancel it. Don't buy gold unless it hits $380. This will be my absolutely last remark on actual trades in markets. Futures trading involves a high degree of risk and should not be undertaken by anyone without sufficient capital to absorb heavy losses. Past performance is never an indicator of futurer results.)

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