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


To: skinowski who wrote (87085)9/29/2007 6:19:50 PM
From: orkrious  Respond to of 110194
 
the belief that gold does best when the dollar is weak is misplaced. Bob Hoye has examined gold and credit contractions for the last 500 years and concluded that the senior currency (in this case the dollar) usually strengthens during credit contractions while gold rallies. that's exactly what happened in 2001-2003.

obviously, it doesn't have to happen this way every time. <g>