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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 (43281)	10/11/2005 9:12:20 PM
From: russwinter	Read Replies (6) \| Respond to of 110194

Ilya, gold seasonality is over, spec position too large, and I suspect it's more a Humpty Dumpty play than a flight to safety play at least for now. It now also has to compete with a six month T-Bill paying 4.1%, and gold yields nothing. I think a better way to do this for folks with money, is to buy the six month bills through Treasury Direct, and hedge the USD with a long Swiss Franc future (record spec shorts against). On the PM stocks, I think they pause and consolidate and correct when gold does. Although I'm about 80% out, most the ones I used, wallstreetexaminer.com are not too overpriced, and one could pick some reentries when sentiment worsens again. CLG just produced some very promising high grade near surface drill holes in a whole new sector of their deposit, biz.yahoo.com and it gave it up today. I might get back in that one at 1.38 and 1.34. ANO (PGMs) is another one, that I think may put together something with Angloplats on a mine development, could be bought at .80.