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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: gregor_us who wrote (15004)	6/8/2004 11:01:14 AM
From: russwinter	Respond to of 110194

<However, this time around I think its just a plain ole' Inflation Trade.> I don't really see this as an "inflation trade", it's a Train Wreck trade and that's a different animal. I'm finding it astonishing how metals (and energy to a lesser extent) are trading. It's cognoscenti based, glumming on the words of the Wizards, you know will they raise rates 25 bps a couple meetings in a row. So when the chief Wizard says basically nothing, but by the "playbook" sounds "slightly hawkish", biz.yahoo.com precious and base metals sell off in quick order again. Of course the favorites of the playbook cognoscenti, are unscathed. In the case of Cu, Ni though, I really wonder when the reality that above ground stocks are about gone (Train Wreck) sinks in as the prime factor in the equation? Drawdowns are accelerating, not diminishing. kitcometals.com Also in case anybody hasn't noticed, there's a strike brewing in Nigeria. finance.messages.yahoo.com