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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Zardoz who wrote (79513)	11/21/2001 4:45:52 PM
From: Real Man	Respond to of 116762

You will watch gold fly as soon as "US dollar credit derivative breakdown management" by the Fed turns into US dollar credit derivative nightmare. This has not happened yet, as the credit bubble kept expanding, feeding on dramatic rate reduction by the Fed. They are certainly nuts to try to cause spending boom from mortgage refinancing by announcing 30-year bond cancellation. This will help with home loans in a recession with sharply growing unemployment rate, right? Leverage up = leverage down... This Fed is criminal, and gold will prove it, cause it tends to rally big time on such occasions.