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To: koan who wrote (7302)2/28/2006 6:22:56 PM
From: loantech  Read Replies (1) | Respond to of 78410
 
Thanks koan. Some say the end of the carry trade may be BAD for gold.



To: koan who wrote (7302)2/28/2006 9:16:47 PM
From: koan  Read Replies (1) | Respond to of 78410
 
Iraq on fire, conspiracy theories and gold:

You know, I do not believe in many weird things (although I am leading with my chin here-lo)because with something like 70% of people believing in angles, a huge % believing in flying saucers and 1/2 the population unable to figure GW out(even after watching him for 4 years), people will beleive most anything-lol, but----

Given the magnitude of turmoil right now (Iraq in flames)(take your pick) Iraq, port authority, dollar troubles, deficits, Katrina, etc, etc one would expect gold to soar yet it is stolid (maybe a stretch for that word)!

Why? I have read in the past that the gov has used gold to tame inflation fears because it is sort of like Pascals wager i.e. a finite chance to gain infinity-lol i.e., it will only cost pennies to keep gold tame in relation to bonds or the dollar. Now maybe they are keeping gold tame to try and keep our eyes off the deteriorating situation in Iraq.

Think about it, if gold shot up $100 people would know Iraq was the cause and in meltdown, because connecting the dots would be pretty so easy.