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

To: UncleBigs who wrote (64956)	6/30/2006 9:23:44 AM
From: Tommaso	Read Replies (1) \| Respond to of 110194

>>>Other people seem to see it the same way, at least those who have bid gold up $19 this morning.>> are these the same people who are bidding up small cap stocks?<<< I guess I will treat that as a serious question. No. The gold market for private investors is a lot smaller than the vast accumulation of paper and electronic entries that constitute the universe of small cap stocks. It's either a lot of stupid individuals or hedge fund shorts jumping into the small cap stocks (no way to know,as far as I can tell), while smart inflation-fearing people are taking out insurance via gold. But I may see it that way because of my recent positions in PMPIX, the 150% leveraged gold index fund.