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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks

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To: Taikun who wrote (8915)	2/24/2005 5:32:11 PM
From: energyplay	Read Replies (1) of 11633

I get the feeling the South Korea action was a bit stage managed to push the USD down, to a level where a number of people - central banks - were willing and ready to catch it. The US dollar will need to decline, and US interest rates go up - So it's in the interest of almost every major nation to have this USD decline occur in a controlled fashion. >>>Note that this is about 1 week after the G-8 meeting. Maybe we have a stealth Plaza Accord... ******** I agree with the cash and shorts. I have only a little PM, and most in stocks. Note that the IMF is talking about gold sales for debt relief - this should keep the gold market under about $550 through the summer... ******** As Jay Chen so wisely pointed out a few years ago, a crash does not need to be a one day event...it can happen over a period of months, almost years. So maybe every 6 weeks of so we get a 3-4% drop in the stockmarket, or USD vs. EUro, etc. Won't take too long to be down 25% or more.

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