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Gold/Mining/Energy : Gold & Gold Stock Analysis

GLD 398.89

+0.1%

Dec 30 4:00 PM EST

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To: ecrire who wrote (25989)	9/14/2011 2:13:40 PM
From: GST	8 Recommendations of 29622

<No reason to think this will change any time soon> Nothing is ever obvious until after the fact. But one thing will soon enough become obvious -- in fact it is obvious enough now, but not priced into the market -- is that the US is built on debts that cannot be repaid -- ever -- and ever higher and higher levels of additional debt are required to simply make payments on the outstanding debt. Central banks can flood the zone and make this seem like a non-issue leading to absurd pricing of debt instruments. This is a replay of the housing bubble, but this time it is treasuries that hold the esteemed position of priced to fantasy. Now for me, when something is priced to fantasy, I am less concerned about picking the exact nano-second when it all goes wrong, than with being on the right side of the market after the turn -- and make no mistake, the turn will come. Your voice, like the voice of those who defended the absurd pricing of housing only a few years ago, make sense only if you overlook the fundamentals and fail to look forward -- the hallmarks of successful investing.

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