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Strategies & Market Trends : Ride the Tiger with CD

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To: Claude Cormier who wrote (130844)	9/15/2008 5:53:08 PM
From: orkrious	3 Recommendations Read Replies (2) of 313148

Right now, profits are collapsing for big miners. actually, I think profits are going to explode. it's quite possible PoG has bottomed. it was up today and it started shortly after the Fed did it's first $20 bil repo when the mkt opened. then they did another $50 bil at 2:00 p.m. Fed funds was up to 6 percent today despite a 2% target. the fed is going to ease and print. PoG was up $20 and oil was down $7. assuming PoG continues its ascent (it should because the fed isn't going to watch a depression happen w/o doing anything) and oil stays weak due to a weak economy, the miners are going to soar, just like from 2000-2002. take a look at the PoG/oil ratio. when today's action gets added to this chart it's going to show a breakout (today's close will be roughly 8.25).

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