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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: Fun-da-Mental#1 who wrote (4036)	12/10/2006 10:26:07 AM
From: SliderOnTheBlack	Read Replies (5) \| Respond to of 50324

One very important FACT has been conveniently left out of the gold story... What is it? ...that one thing that is the main reason for: ............ "Gold Bugs held hostage: Day 213" It's a fact -- not a thesis, or supposition. It's been ignored. It's been spun. It's been twisted. It's been blatantly lied about. ...and it remains the single most important reason that gold bugs are now in Day 213 of the correction from the May highs in both gold the metal, and gold stocks. One simple fact. Jim Sinclair won't own up to it. It's the reason "holding tight" and "crawling into a hole and pulling a rock on top" -- didn't work and won't work. And not one single pundit, gold newsletter writer, editor or pretender on Kitco, 321 Gold, or Gold-Eagle has owned up to it, or faced it. The denial over this one single fact is the reason that gold has languished in a now seven month long correction. It's the one factor that has capped gold and gold stocks... even as the market is still awash in a sea of liquidity and speculation. It’s the one single reason that hedge funds have willingly and continually sold into each and every single gold rally since May. It’s the reason technician’s keep issuing “break out” signals only to see the moves falter and roll over… again, and again, and again. It’s the one single reason that gold has continued to correct even into the face of North Korea’s nuclear tests, into Israel invading Lebanon, into Iran’s saber rattling and even as the wish of all wishes amongst gold bugs came true -- the US Dollar falling to the bottom of it’s trading range. It’s the reason for the brutal whipsaw that gold bugs have received each and every time they’ve tried to jump back on the gold bull. It’s the one thing that must change – for gold to make (and more importantly) for it to sustain new highs. …it’s a singular inconvenient fact so simple and so obvious to those who are not blinded by their own DNA, but yet so elusive and invisible to those who are. I’ll share it tonight in a short, sweet and simple Smackdown. SOTB

To: Fun-da-Mental#1 who wrote (4036)	12/10/2006 11:31:57 AM
From: ecrire	Read Replies (1) \| Respond to of 50324

Sofar, statistics point to a mild slowdown( housing and autos offset by almost everything else) Credit conditions to remain easy; all in all a positive outlook for stocks. Gold, Silver, base metals will continue to thrive under an easy money backdrop.

To: Fun-da-Mental#1 who wrote (4036)	12/10/2006 1:11:47 PM
From: maxncompany	Read Replies (1) \| Respond to of 50324

"How can uranium and zinc go lower? Consider that a major use of zinc is galvanized sheet and rods for construction, and construction is now plunging. " Of course, like everything, they will go lower.....at some point. Now? I don't think so. But re your zinc/construction comment.......Your mistaking a pullback in US construction as the "decider" on zinc prices, as George would say. Asian construction is still strong and accounts for much greater growth than the US.

To: Fun-da-Mental#1 who wrote (4036)	12/10/2006 2:30:39 PM
From: Gib Bogle	Read Replies (1) \| Respond to of 50324

Construction may be plunging in the US, but it is booming in many other places, e.g. China. BTW, galvanized steel for roofing is the big driver of zinc use.