1. Thai Coup a Gold Positive or Negative? Although it may make sense that Gold should react positively to news of a coup in progress in this rapidly developing SouthEast Asian country, it's not clear what effects it may have on gold, if any. The Associated Press reported that "Thailand's unexpected overnight military coup rattled Asian financial markets Wednesday and pressured the Thai baht and other regional currencies, though its economic repercussions remained unclear." Accordingly, if the coup leads to a weakening of Asian regional currencies, that could be dollar positive and thus actually negative for Gold. However, so far, although some minor regional currencies weakened, overall, the Dollar has been weaker recently.
2. Update on Kimber: Kimber Resources' prefeasibility study should be out any day now since they said in September. Might be worth holding on to or buying more Kimber at this time. Although the Puplava proxy action has now muddied the waters at Kimber, Pupluva IS an insider, and he wouldn't be fighting to replace management if he was aware that the study results might not be that good.
3. Bin Laden Death Rumor: A French intelligence report according to which Bin Laden died within the last month was leaked over the weekend. Although it does not appear to be credible, if it somehow turns out to be true, that could pose a speed bump to any recovery rally in Gold this coming week.
Sentiment: Cautiously Short Term Bullish
PM Portfolio Exposure: 92% + 4% S&P500 short
Profit/Loss Last Week: -7% loss (another tough week...)
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