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


To: croesus1111 who wrote (26457)2/15/2005 7:20:17 AM
From: russwinter  Read Replies (1) | Respond to of 110194
 
<You don't think they will continue with this policy for long?

I am expecting the return of Uncle Ernie, but I won't be locked into that view dogmatically, if their actions speak otherwise.

<Hence your bullishness on gold?>

With the caveat above, I'm also just very impressed with how gold and the anti-USD
dailyfx.com
trades got rid of three-fourths or more of very large off side fund positions with minimal damage. I expected worse actually, plus the physical demand for gold via the ETFs has been outstanding. The two funds now have 5,911,000 oz, which is 7.2% of annual gold production. It's taken them less than three months. That's a triumph over synthetic economics.