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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: ChanceIs who wrote (128128)	1/31/2010 11:30:00 PM
From: Archie Meeties	4 Recommendations Read Replies (2) of 206114

"Remember crude crashed in the fall of '08. I see a lot of the same dynamics in play." Likewise, substitute Sovereign Debt for CDS, Spain for Bear Sterns, Greece for Lehman. Although there is a wrinkle. You could also substitute California and Arizona for Spain and Portugal. Another question is will we will soon substitute the 2008 trough of $38 oil with 2010 trough of ?. All of this is bearish for the market, good for bonds (short TBT anyone?). BTW the default risk on the USD hasn't moved much, even during the peak of hype. The "debt is going to destroy the dollar" trade is going to send many a believer to the poorhouse.

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