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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 379.87+0.4%Nov 11 4:00 PM EST

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To: TobagoJack who wrote (4732)3/8/2006 2:51:10 AM
From: energyplay  Read Replies (1) of 217706
 
Silver was still up today. I think much of the liquidity in the world is going to Japan to make the books look good for their fiscal year end on March 30.

Marting Pring has pointed out that gold stocks XAU has been forming a head and shoulders. That could be very bad, but expected. We just need to wait for the price to cone in....

The Silver ETF decision from the SEC should be soon. That could mean silve rcould be re-monetized by the buying decsions of investors instead of central banks or governments.

This should be a reference to the free coinage of silver and William Jennings Bryant's "Cross of Gold" speech.

answers.com

bartleby.com

en.wikipedia.org

Not sure how this would fit in with the history outlined in "Fiat Money in France" - is it inflationary, but if the price of silver goes over 1/16 of gold (now about $35) - is it deflationary ?

******

Almost every US equity index has broken resistance or trend lines today. Enough money should have gone into the market on Monady and Tuesday (start of the month effect) to push markets up. Could be massive re-alocation to bonds.

Smaller biotechs have been holding up okay.
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