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Politics : Welcome to Slider's Dugout

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To: SliderOnTheBlack who wrote (2108)	7/30/2006 8:54:21 PM
From: ecrire	of 50737

Recent Commodity boom prices are not necessarily related to war and materials for war stockpiling; the Chinese and other Asians with their mind boggling growth rates have engendered huge increases in demand for raw materials, not war driven. On a technical note. the COT report shows speculators carrying only modest longs and Commercials modest shorts, so gold does not appear overbought at this point. Your comments about speculators' psyche driven to "stay too long at the fair" is absolutely right. I just don't think we're there yet.

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