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

To: Mike Johnston who wrote (90257)	1/8/2008 7:46:13 AM
From: geewiz	Read Replies (1) \| Respond to of 110194

Mike, I have great confidence in the eventual collapse of the long bond and increase in interest rates. It is the only remaining pin under the bubble in the stock market. If the change occurs over 24 months it could be orderly and there are lots of Asian and Arab countries that would prefer such an orderly transition, but that's not the way events unfolded in the late 90's currency crisis. I am already up to the eyeballs in small and mid-cap mines. Recently I began buying puts on the TLT ishares. At strikes 20% out-of-the-money, four to six months out, these are affordable speculation. thanks again for your confidence in gold.