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


To: ild who wrote (20729)10/26/2004 1:22:07 PM
From: ild  Read Replies (3) | Respond to of 110194
 
Date: Tue Oct 26 2004 12:48
trotsky (mini-miner, 9:17) ID#248269:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
this lack of demand for US minted eagles is actually a bullish contrarian indicator. the 'little' guy has never driven the gold price, and never will, except in the final, 'mania' phase of a bull market.
by the time Joe 6-pack 'gets it' as you have put it, you should be thinking of selling, since it means that the end is near.
note btw. that i view India a little bit differently in this context, since gold buying is such an ingrained feature of India's investing scene - i.e. we're dealing with a far more educated and sophisticated gold buying public there.


Date: Tue Oct 26 2004 12:14
trotsky (Apollo, 8:49) ID#248269:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
" There is the issue of quality of oil, but the discrepency between Light Sweet & others is obviously not that dramatic."

not true - the price difference IS in fact dramatic. the discount of heavy and sour crudes to light sweet is the biggest ever recorded, fluctuating between $12 and $20 per bbl.



To: ild who wrote (20729)10/27/2004 7:12:28 AM
From: Wyätt Gwyön  Respond to of 110194
 
i have read that the actual amount of WTI produced is on the order of 1 million bbl/day--and this in an 80 million bbl/day world, so it is a drop in the bucket. basically it seems to be a paper barrel and a lot of other grades trade off it at spreads.