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


To: alburk who wrote (45750)11/17/2005 4:08:18 PM
From: russwinter  Respond to of 110194
 
There is a strong scent of inflationary boom (perhaps false at this stage?)in the air, that's why you see just about everything being bought by the Humpty Dumpties including gold. Apparently the markets are betting on even more free money available to chase all these Bubbles and Bubblettes? I really don't know, but suspect that playbook is being seriously overdone and to me doesn't quite square with the "liquidity" facts. Gold and gold shares (or treasuries for that matter) really aren't going up for the right reasons, credit revulsion and flight to safety. I've been less active in gold shares, but did pick up some MNG cheap (1.23), but sold it a minute ago at 1.79.
Message 21890260
Let's just say I'm very skeptical of all these advancing markets. I'd guess the end of zero interest rates in Japan and rate hikes in Europe will be the catalyst. China should be making another move as well.