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Politics : Welcome to Slider's Dugout
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To: paul ross who wrote (6037)8/16/2007 10:15:25 PM
From: SliderOnTheBlack   of 50746
 
re: ["Do you think the gold stocks action today was due mostly to the smashing
of the carry traders or may there be something else more fundamentally at work."]

The first part of the correction from HUI 370 to 340ish
was from the subprime shakeout.

This was from yen-carry unwind:


Today was forced selling/liquidation.

Doesn't mean there can't be more. But we finally saw
volume levels in both PMs and the Financials to
where the worst may be over.

SOTB
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