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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?


To: jimsioi who wrote (32508)11/19/2004 1:43:39 PM
From: russwinter  Read Replies (1) | Respond to of 39344
 
<Lower rates for Euroland?? >

If so, we get into serious crack up boom territory, $60 oil, $500 POG, $1.75 Cu. We will likely get that even if they didn't do something as stupid as that. Personally I think the US tries to get a lot of MoP mileage out of talking up the next puny little 25 bps rate increase in Dec. That will work to curtail the inflationary inferno for all of about one day, maybe two. If the US really wanted to stabilize the situation (which apparently they don't?), they would increase 50 bps between meetings . That would be a wake up call to every "long something" speculator in the world, wouldn't it? But alas, they will stay with the non-course sandpaper approach, and fall further and further behind the curve.



To: jimsioi who wrote (32508)11/21/2004 9:33:31 AM
From: Wyätt Gwyön  Respond to of 39344
 
I suspect some of it is coming from the reduction in miner positions

no doubt. i would rather own the real thing than a "hole in the ground with a liar standing next to it". i for one only held miners as gold proxy and beta trading.

dollar premium

not bad compared to the, what, 20% premium at one point that the bullion fund (CEF?) carried. where is that premium now, i smell a pear trade -g-.