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


To: gold$10k who wrote (70490)9/27/2006 7:34:57 PM
From: orkrious  Respond to of 110194
 
VT,

Interesting post back in 03.

With the caveat that I'm somewhat inebriated <g>, maybe you're only off a year and your 06 bottom happens in 07. Either way, I think our problems are different enough that I doubt gold gets cut in half anytime in the next 18 months.



To: gold$10k who wrote (70490)9/28/2006 3:07:37 AM
From: John Vosilla  Read Replies (1) | Respond to of 110194
 
I think continued very low interest rates on the long end have gone a long way towards preventing a repeat of 1973-74 in 2005-06. How long they can monetize the long end, manipulate currencies, manage trade imbalances and foreign bond buyers continue to buy into the low inflation stats remains to be seen. Seems the 10 yr treasury in the US should be at 7% plus by now which would be a one third haircut to multiples to cash flow for asset values..