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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (62192)	9/23/2006 2:31:39 PM
From: Canuck Dave	Read Replies (3) \| Respond to of 312578

I almost replied to RR, but didn't want to "out" your picks, LOL. Just finished re-reading this week's Credit Bubble Bulletin. Doug's last comment this week stuck with me. He says the recent bond rally could turn into a runaway bull in anticipation of lower Fed rates, and is extremely destabilizing. I took a close look at the weekly gold chart after musing on that. Gold ran up to $575 and hit a double top in February this year. If you take away the (oil driven?) speculative spike to $725 in May, it looks like we've been consolidating in the $570-600 range since then. charts3.barchart.com Based on this and the extremely favorable COTS, I think we're about ready to start firming up. CD