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

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To: ild who wrote (37509)8/1/2005 3:53:35 PM
From: ild  Read Replies (3) of 110194
 
Date: Mon Aug 01 2005 13:24
trotsky (@pm stocks) ID#248269:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
the action over recent days is really nothing to write home about...it could hardly be worse. what happens when the PoG declines? only a rhetorical question obviously.
on the positive side, money flows still look reasonably good and we're at least holding above support...a negative development are signs of rising optimism in the form of larger sector wide call open interest ( which tends to crimp advances ) .

Date: Mon Aug 01 2005 15:12
trotsky (AU-NB) ID#248269:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
"My understanding is that just about all hard assets increased in price locally as the mark sank, thus acting as a "preserver of wealth"... except maybe for bedpans."

wrong...even bed pans proved to attract money. there's a well known story about a German woman who bought a truckload of bedpans because she couldn't find anything else when she finally decided she had to get rid of the government's scrip ( however, this act apparently topped the hyperinflation out. so if there's ever hyperinflation, buy bonds when you see people investing in bedpans ) .
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