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Politics : Welcome to Slider's Dugout

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To: paul ross who wrote (3221)10/31/2006 2:33:44 AM
From: wsw1   of 50465
 
6. The US Current Account is in a Deficit position and growing annually and shows no fundamental signs of reversing for a significant time.

7. An intact overall negative trend in the US Dollar exists from 2001 until present. It has all the characteristics of a bear market. We had a classic long-term top called a Head & Shoulders formation, which was subsequently confirmed by price and volume action.

8. The general commodity market showed in many ways during 2001-2002, both fundamentally and technically, that it was in a base formation from which higher prices have since resulted.

9. Trust in paper assets has waned, reflected by gold's rise against major international currencies during Fall 2005 and assuming an investment role internationally. The major corporate accounting scandals since the dot com bust and increased concern of a derivatives crisis have been causative items, which have since turned investors away from the absolute belief, in existence from 1980 until now, that paper assets were storehouses of value.

10. The overall momentum in the appreciation of the bond market from the early 1980s to 2001 has decelerated signficantly over the last 5 years, positive to a long-term bull market in gold.

11. Gold entered a runaway bull market once it closed and held over $547.
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