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

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To: ild who wrote (20729)10/26/2004 1:22:07 PM
From: ild  Read Replies (3) of 110194
 
Date: Tue Oct 26 2004 12:48
trotsky (mini-miner, 9:17) ID#248269:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
this lack of demand for US minted eagles is actually a bullish contrarian indicator. the 'little' guy has never driven the gold price, and never will, except in the final, 'mania' phase of a bull market.
by the time Joe 6-pack 'gets it' as you have put it, you should be thinking of selling, since it means that the end is near.
note btw. that i view India a little bit differently in this context, since gold buying is such an ingrained feature of India's investing scene - i.e. we're dealing with a far more educated and sophisticated gold buying public there.


Date: Tue Oct 26 2004 12:14
trotsky (Apollo, 8:49) ID#248269:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
" There is the issue of quality of oil, but the discrepency between Light Sweet & others is obviously not that dramatic."

not true - the price difference IS in fact dramatic. the discount of heavy and sour crudes to light sweet is the biggest ever recorded, fluctuating between $12 and $20 per bbl.
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