The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Rarebird who wrote (3375)	12/15/2003 8:41:08 AM
From: Wyätt Gwyön	Read Replies (1) of 110194

gold may continue up, but the gold stocks are already priced for MUCH higher gold. the stocks could sell off even if gold goes to 420-450. If this carry trade unravels, and all carry trades of this nature unravel eventually, these other currencies will correct, possibly violently, against the $US. i agree, this is a real concern to me as well. however, we do not know if such a correction will occur soon or from MUCH higher levels. but the prospect for a correction is tempering my enthusiasm for unhedged foreign bonds. in this respect, at some point i will prefer bullion, but not the miners at these levels.

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