Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Terry Whitman who wrote (91532)	11/24/2009 4:23:53 PM
From: Real Man	Read Replies (2) of 94695

Oh, no! Gold should collapse all the way to $50, and still have no takers. -g- youtube.com Gold is just getting warmed up for a real bubble. Your dollar carry trade size is 500 Bln., US trade deficit is 400 bln, Central banks own 4.6 Trillion of rapidly devalued dollars. They thought it's worthwhile to exchange some for gold, so they bought targeted IMF gold suppression scheme (like Spring 2008), about all of it. First China, then India, then Russia. Have not heard about Brazil. It didn't work. Gold soared. P.S. Carry trade can't support gold, cause lease rates are negative. You are getting paid to sell it, and if anything, gold carry works the other way. I guess some folks are getting really concerned about the level of printing, rather than machines trading rates. -g-

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