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Politics : High Tolerance Plasticity

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To: BigBull who wrote (409)	2/26/2001 3:56:45 PM
From: Archie Meeties	Read Replies (1) of 23153

Quick comment on gold. The XAU and the lease rates are broadcasting a higher pog, so going long the April is high probability stuff.. Looking at it from the metals prespective - the rapid rise in lease rates are telling us that the price of the metal is too cheap. Over the past 3 years there has never been a big jump up in lease rates without a followthrough with the metal. The difference at the moment is that the XAU is anticipating and following, whereas before it has been skeptical, and was dragged along when the actual pog changed. History of course, will not repeat, but a rhyme will come in time. I'm partial to T.FN and HGMCY, the latter for its leverage to gold and b/c of its ability to directly market bullion. The former because of it's power to withstand any type of rapid currency devaluation/inflating cost of production and also because it holds some of the physical (as will as the pge's) as an asset. BTW, jesting with ido about buying HOFF @4 reminds me of your TESOF @ 5 3/4 in late April of '00.

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