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Strategies & Market Trends : The New Economy and its Winners

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To: fedhead who wrote (45403)10/9/2008 2:46:56 PM
From: Bill Harmond  Read Replies (4) of 57684
 
I think the reasons for owning gold have run their course.

Global end demand for jewelry is clearly suffering, inflation is certainly not a concern with the break in commodities, the dollar is getting stronger so the currency hedge play is over, and credit markets are beginning to get better so the fear premium should disappear.
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