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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: ItsAllCyclical who wrote (66789)	5/14/2002 12:36:07 PM
From: Ron Dior	Respond to of 99280

Fairly certain.... As am I...

To: ItsAllCyclical who wrote (66789)	5/24/2002 9:02:51 PM
From: LTK007	Respond to of 99280

One of JimL reasons for the bear case, posted 5/14 <<1) Gold producers are cutting back on hedging>> this cutting back on hedging, with several moving from hedged to unhedged entirely, is dramatic move for a very cautious industry in general. I feel they have picked up on something and it is my conjecture they are seeing a major shift of foreign money from paper currency to Gold, and that would include foreign money moving from the u.s. dollar to gold. The saudi arabian royal family has 700billion dollars estimated invested in the our markets, with matters being what they are i could see them making a run to hoard for gold. Fat Cats of the saudi royal family, a family estimated to include 85,000 persons, only have wealth to maintain power, and what better way to go defensive than now.Some months back under pressure they agreed to invest no more public funds in the U.S. Now it could be their private funds they are moving out. Foreign money has been a big part of keeping our stock market inflated, a spiral down in this input into U.S. will only feed the bear,imo. max