The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: LTK007 who wrote (7770)	5/25/2008 9:46:53 PM
From: Real Man	of 71454

Large investors. -g- Bullion banks are happy they are using the futures, cause if they used physical, gold would sky. They might learn to take delivery, then gold WILL sky. Luckily for them, CRIMEX has really SMALL delivery limits. -g- Guess why? Here is what happened to silver in Aug 97/Feb 98 when Buffett decided silver was undervalued and bought a small (for him) 100M Oz position (worth about 1/2 a billion). As long as they can keep this bullish interest on paper (futures), they can control the price. GLD market cap is 19.26 Billion. That's most of retail interest. Compare to the market cap of GOOG, RIMM, AAPL, BIDU, or AMZN. -g- Does not mean gold can't crash - while this bullish investor interest is on paper, price of gold can and will be controlled in the futures market. Once folks take posession of the physical, it will be completely out of control. -g-

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