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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG
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From: rubbersoul6/26/2010 5:22:09 PM
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Hamilton:

"The bottom line is this year’s US dollar rally has been driven almost exclusively by stock-market weakness. This is a resurgent echo of the panic trade, sell everything to buy US dollars and US Treasuries whenever the stock markets are sliding and generating fear. The moment stock selling abates, the dollar promptly starts falling (or rarely drifting sideways). Stocks’ fortunes are the key to the dollar.

This widely-ignored causality has huge implications for traders. As stock markets bounce and flight capital emerges from hiding in the dollar and Treasuries, the dollar will fall rapidly. This will drive big surges in commodities prices since the world’s raw materials are still primarily priced in US dollars. And of course higher commodities prices will lead to higher profits, and hence stock prices, for commodities producers."

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