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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: pezz who wrote (38430)9/19/2003 9:28:52 AM
From: rolatzi  Read Replies (1) of 74559
 
I commiserate, I had the biggest losing day in months, yesterday. If you don't believe in the tech stock reflation story then you lose money on days like yesterday. Keep your eyes on the megatrend of this decade unless you are a short term trader, that the U.S. economy is tapped out and in the midst of a weak recovery, that jobs and production are continually being exported to lower wage countries, that China is becoming the growth engine of the world and that anyone who sells what China needs will profit. China needs raw materials, oil and primary materials. This growing wealth in China will lead to increasing consumption and they will accumulate precious metals and other symbols of a wealthy lifestyle, food, spring water, alcohol, and whatever symbols remain of western opulence.

Gold is up again this morning but seems, for the moment, to be range bound trying to decide how big a barrier $382 is.
RO
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