When people would be looking back at history several years from now, August 08 2008 could be a turning point that we should remember. As people around the world celebrating the opening ceremony of the Beijing Olympic, a mini-war broke out in Georgia between the Russians and Georgians. At this point, it doesn’t really matter who started and instigated. The root of this mini-battle could be dated back in the 1980s if you are a true observer of modern day history.
If you reading the media sources from G-7 and the West, you would see the blaming on the Russians aggression. From the Pro-Russians view, they need to protect its borders against the NATO and the United States. Folks at this moment, people should realize how precious of independent and non-biased journalisms are. With the world of internet, we get news at the speed of lights. On the other hand, we have no time to digest the truth. Just look up the owners of the newspapers, media, and newswire, you would know what I am talking about. No doubt there is so many propaganda behind it.
It so ironic that preserving the Olympic sprit is about peace, harmony and athletes team works. On that day, with all the focus on the ceremony, majority of the people probably blinded fold.
As for the financial markets, the scuffle in Georgia have not priced in yet. Gold and commodities prices have been taking a mysterious plunge. No doubt the big investment bankers are probably loading up huge position while creating a panic selling to the ordinary investors. With geopolitical risks have not subsided; this might be a good time to long gold for the long term investors.
Short term wise, wait for the dead cat rebound finish before shorting again. Another clue, check out the Bear exchange traded funds.
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