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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 375.93-1.8%Nov 14 4:00 PM EST
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To: Haim R. Branisteanu who wrote (41133)10/11/2008 10:21:05 AM
From: stsimon1 Recommendation  Read Replies (3) of 217815
 
Let's see, the money supply is expanding but velocity is plummeting, so inflation is being crushed. It would appear that some hedge funds bought precious metals on margin in the naive belief that the financial disaster will end with runaway inflation. They are now liquidating precious metals to meet margin calls.

With demand for third world goods crushed in the U.S, expect Indian peasants to be selling gold for food.

With the price of oil plummeting we may see the Russians start to sell off some of their precious metal stock piles. How much do they have? Don't know because it is a State Secret. I'll be a buyer of gold at $400.
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