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Politics : Welcome to Slider's Dugout

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To: SliderOnTheBlack who wrote (5094)	4/26/2007 10:00:02 AM
From: RonMerks	Read Replies (1) of 50059

One question... and my answer. I think your point that the run up last May was due to runaway speculation has now been obviously proven correct. Commodities and gold stocks in particular got way ahead of the liquidity pump. They were the sector of the day last May, but not today. The reason the DOW has blown by gold, is because the puppeteers like Goldman who led the commodity run up- sold into it. Remember, as you pointed out- Goldman was the prime broker and pulled the plug on both Mother Rock and Amaranth. Goldman made a ton on the commodity run up- now theyre making even more on the global run up in stocks. The market right now would rather put this excess liquidity into Chinese stocks and the Dow than gold- nothing more complex than that imo. Ron

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