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Strategies & Market Trends : Ride the Tiger with CD

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To: Canuck Dave who started this subject	8/9/2004 6:45:01 PM
From: loantech	Read Replies (2) of 313036

Someone is taking action that points the direction for GOLD. 75 Date: Mon Aug 09 2004 18:33 mugwump (murphy on warren buffett) ID#209288: Copyright © 2002 mugwump/Kitco Inc. All rights reserved YORK, Aug 9 ( Reuters ) - Warren Buffett increased Berkshire Hathaway Inc.'s bet against the U.S. dollar to $19 billion at the end of the first half of 2004, his holding company disclosed in a regulatory filing. The value of the Omaha, Nebraska-based company's contracts in foreign currency had increased by $8 billion by June 30, the company said its quarterly filing with the U.S. Securities and Exchange Commission. Buffett previously disclosed making investments in five foreign currencies in a belief the dollar will decline in the long run as a result of the United States' ballooning trade deficit. He has never specified which currencies he was investing in, only saying they were major. END- Warren Buffet has become the second richest person in the world for very good reasons. Betting against him is a sure way to the poor house.

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