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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: ChanceIs who wrote (82582)	4/5/2007 4:22:00 PM
From: profile_14	Read Replies (1) \| Respond to of 206325

And that is if you believe any figures coming out of China. Many in the press have repeatedly written about the inability to verify data accuracy because the numbers do not track anything measurable and do not add up over the course of time. Hence, I view anything out of China with great skepticism. Having been raised in Brazil, where credit spreads are now at all-time lows of 160 bps over US Treasuries, down from 3000 bps just a few short years ago and much higher numbers earlier, I know how fickle and fragile an emerging economy can be. China is no different, but heck that is what makes a market. We did not even correct and China was down 9% in one day. Watch what happens when we actually do correct. Today's liquidity is chasing everything from private equity to junk bonds with equal fervor and complete disregard for risk. I am in no way suggesting you agree or disagree with me, but this is an area where I have strong feelings and personal experience to boot.