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Politics : Welcome to Slider's Dugout

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From: c.hinton8/31/2006 7:30:11 AM
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I strikes me that everbody here, slider included, share the same long term outlook on gold.the difference appears to be time scale.Slider is calling for an across the board correction,in 2007, of a severity few expect.In agreeing the only risk is that of not making money. In following the gold bull call the risk is loosing,perhaps big time.Take your pick!
I see enough long term opportunity and enough short term risk to warrent stepping out for the moment... but remaining ready to re enter later on when the waters are less muddy.
On that note i will point out that for the last few years CB policy has been an easy read.Now that they are approaching neutral interest rates ,future direction is less than clear......that may well mean gut renching volitility across the board.....as if gold was not already volitile enough.
Personally i see the probability of a recession with out an excessive weakening of the dollar.
ps; if i were a president intent on taking out iran, i would first force down oil and gold by allowing the fed to tighten more than most expect.
pss.I do still hold gold .....but gold purchased in2001,2002 and 2003.
as well as an athabasca oilsand area hotel- casino royalty trust and a ng royalty trust that i have traded in and out of over the last few years(sell winter ,buy summer)
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