The Epic American Credit and Bond Bubble Laboratory Message Board

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

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To: zebra4o1 who wrote (31467)	4/30/2005 7:26:15 PM
From: Square_Dealings	Read Replies (3) of 110194

the only way gold will go up is if the Arabs start valuing oil in gold, or a basket of currencies other than the U.S. dollar imo. After 911 there were many U.S. media attempts to connect gold with terrorism. Gold is widely accepted in eastern and middle eastern countries as the ultimate currency but in the U.S., to value gold higher would in fact give these countries more wealth. Saddam Hussein had truck loads of gold which are probably now parked somewhere in Texas. besides many U.S. banks are short gold and that is why 90% of the time gold trades higher overnight it is slammed on the open in N.Y. the bottom line is until Bush/Greenspan screw things up beyond repair gold is not going up. so give it a couple of weeks... m

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