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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: TH who wrote (101407)2/16/2009 11:40:32 PM
From: Hawkmoon1 Recommendation  Read Replies (4) of 110194
 
Four calls in three days from people who have never owned gold and have decided they may want to change that.

And that doesn't tickle your "contrarian" DNA?

I remember I started wondering if oil hadn't topped when I heard that the big pension funds were all buying commodities last year (spring as I recall). Was thinking about buying one of the ultra-short oil ETFs and regretted not having done so.

I can make a bubble in anything if I can convince enough people that they should buy something. They've done it with tulips.. They've done it with silver.. They've done it will internet stocks, sub-prime loans, oil.. why not gold??

Heck.. why not platinum and diamonds?

But you might be completely correct if those "animal spirits" get riled up. But I'll tell you what.. if it gets that bad, I'd be stocking up on long-storage food and ammunition before I thought about gold. If you think about the gold rush, it wasn't the miners who made fortunes, it was the merchants who sold them everything they needed to survive and mine another day.

Hawk
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