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


To: Real Man who wrote (91381)2/7/2008 6:50:44 PM
From: bart13  Read Replies (2) | Respond to of 110194
 
I added the S&P 500 to that BGMI 1966-1980 comparison chart for a little clarification of what occurred during the period.
Personally, I only have a small maintenance position in miners currently - they seem too risky on the short term.

As far as the Treasury auctions, I don't track them but the weekly total of about $31 billion you noted sure seems unusually high. Does anyone know of a site that tracks & charts the daily or weekly data?

The Fed sure isn't monetizing anything - no POMOs since last May (a all time record since 2000, where my data starts) and the SOMA account balance is down about a whopping $73 billion since its peak in early August 2007.



To: Real Man who wrote (91381)2/8/2008 9:52:30 AM
From: Horgad  Read Replies (1) | Respond to of 110194
 
When the Feds finally decide to start defending the dollar and raising rates, either the gold bull will be over VERY fast or we will go Zimbabwe and the gold bull against the dollar will continue "forever".

Volcker smacked gold down good from 79-80 and a lot of the smacking took place in the very early parts of the dollar defending phase.

But maybe this time the Feds wait (or have already waited) too long and we go past the point of no return for the dollar. If we get to the point where nobody wants the dollar no matter what the interest rate, well you know the rest of the story...