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Strategies & Market Trends : Waiting for the big Kahuna

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To: Gary105 who wrote (69288)4/30/2004 5:06:41 PM
From: Real Man  Read Replies (1) of 94695
 
Gary,

My investments are 95% gold & silver and PM stocks, still.
I have made a decision not to trade it, and I'm sticking with
it, even though it's rather hard, and gold bears have been
proven right recently. I think gold is even harder to trade
than just to own. I buy the dips, such as now -g-

I don't believe in deflation, quite the opposite. When
$$$ are dropped from a helicopter, prices don't go down.
Also, foreigners own a lot of US bonds and stocks.

I expect that a rise in LT interest rates will cause panic
at the Fed, and any possibility of derivative meltdown
will be papered over. It does not even matter how much $
will have to be printed to do that.

So, my word is stagflation. The better one of the unavoidable nasty scenarios. I understand that the train
could come off the track as well - the derivative blow-up
can happen any time when rates rise.
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