Precious and Base Metal Investing Message Board

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Gold/Mining/Energy : Precious and Base Metal Investing

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To: jimsioi who wrote (32508)	11/19/2004 1:43:39 PM
From: russwinter	Read Replies (1) of 39344

<Lower rates for Euroland?? > If so, we get into serious crack up boom territory, $60 oil, $500 POG, $1.75 Cu. We will likely get that even if they didn't do something as stupid as that. Personally I think the US tries to get a lot of MoP mileage out of talking up the next puny little 25 bps rate increase in Dec. That will work to curtail the inflationary inferno for all of about one day, maybe two. If the US really wanted to stabilize the situation (which apparently they don't?), they would increase 50 bps between meetings . That would be a wake up call to every "long something" speculator in the world, wouldn't it? But alas, they will stay with the non-course sandpaper approach, and fall further and further behind the curve.

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