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


To: zebra4o1 who wrote (85129)8/15/2007 6:40:17 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 110194
 
"gold" hasn't gone down appreciably since the crisis started. Gold derivatives (ie, mining stocks) have, they are "stocks" first and "gold" second......


To: zebra4o1 who wrote (85129)8/15/2007 10:12:29 PM
From: basho  Respond to of 110194
 
I think storage costs might just put a tiny bit of a crimp in oil as money . . . .

Anyway, my guess is that gold hasn't even begun its own bull market. The run since 2002 has been simply another commodity play and so it will get hit too as liquidity tightens and non-core players get out. The "gold as money" move -- presuming of course (as I do) that there'll be one -- is still to come.