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Strategies & Market Trends : Waiting for the big Kahuna
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To: randy kay who wrote (2004)7/4/1997 2:19:00 PM
From: Ibexx   of 94695
 
randy,

Gold has ceased to be an inflation hedge a long time ago, and this is one of the major changes taking place on the current economic scene.

Many other rules changes as well, but some BK believers still use the traditional ones for valuation in general.

One of the reasons for gold's downfall is the massive dumpling of European countries's reserves as part of their preparation for Euro dollar. It has been going on for almost a year, if not longer.

Regards,
Ibexx
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