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London Bombings Should Sadly Change the Investing LandscapePeter Grandich I have constantly written that like it or not, major terrorism attacks will once again be a question of "when?" not "if?" Unfortunately, most Americans had slipped back to the comfort zone they were in before 9/11. Today's multiple bombings in London are likely to be played down, especially among the "Don't Worry, Be Happy" crowd that roams Wall Street and much of the financial media, but be advised that the ability for terrorist to coordinate and implement several attacks simultaneously in one of the biggest cities in the world, is going to have huge ramifications going forward. Like most, I awoke to the news. After watching Fox News (it's best first to see what the fair and balance network has to say before tuning to others like Commie News Network has to say). Then I tuned to the only "financial" network my cable company carries (what I would give to get ROB-TV live), CNBC-TV (TOUT-TV), only to hear one of the regular "talking heads" explain how 9/11 raised the bar in terms of attacks and since the market wasn't effected by it long-term, today's much smaller attack certainly couldn't cause any lasting harm. His response is "A" typical of those who always preach good times no matter what the situation. Now don't take me wrong, I'm not against being optimistic. However, like the Supreme Commander of the "Don't Worry, Be Happy Crowd," Mr. Larry Kudlow, these fellows could be tossed off the top of the Empire State building and be heard to say only one thing all the way down - "So far so good!" On the assumption that this attack is Al Qaeda or a militant Islamic group, we should see the rather lax security conscious ways of most Americans shaken. And, if by chance another similar attack takes place in another major city, Americans may have to stop their "robbing Peter to pay Paul" lifestyle, and realize the 21st century is going to be unlike any of the first 20 centuries (as hard as that is to imagine). Gold - I have not been a card-carrying member of the "gold is manipulated" fringe group within the metals and mining industry. This is not to say I do not respect what they have to say. But after Friday's trading pattern on the Comex and the opening today, I think I will be contacting them for an application. Now in my third decade of following the gold market, I believe Friday's trading on the Comex was a "planned" bear raid and not a random coincidence of factors that led to an $8+ decline. With a major holiday weekend upon us, and extremely illiquid trading environment, gold suddenly tanked. You can search until the cows come home and not find any legitimate fundamental factor that could have even remotely led longs to suddenly want to liquidate their positions. The fact that this occurred as gold was approaching levels that could have led to a break out on the upside, well???? Any doubt that there is someone (or a group) currently attempting to get Comex gold prices lower for reasons that the gold manipulation crowd have repeatly stated for a long time now, left my body this morning. Minutes before gold is set to open on the Comex this morning, it begins to fall and is heavily sold as soon as the bell rings. Did any of the news change that led to the rise just minutes and hours before? Why at 7:20AM EST does the gold community believe gold deserves to be up $5 but in just one hour (and no new news) do players on the Comex hit the ground selling hard and lead gold to be up less than a buck???? As I pen this, Comex is up a couple of bucks. The next few days of trading could be the most important time frame for those of us who believe gold is in a secular bull market and going to new highs at or above $500. Stay Tuned! Peter Grandich Grandich Publications, Inc. provides research, analysis, and investor relation services for certain of the companies featured in the articles appearing in its publications (each a "Featured Company"). Featured Companies may pay fees to Grandich Publications, Inc. that may include securities-based compensation that would appreciate if the company's stock price rises. Accordingly, there is an inherent conflict of interest involved that may influence our perspective and provide an incentive for publishing favorable information with regard to a Featured Company. Grandich Publications has been given the right to exercise stock options. A complete list of options and share price (in Canadian dollars) is listed on the right. 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