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

To: bart13 who wrote (91394)	2/7/2008 8:53:08 PM
From: regli	Read Replies (1) \| Respond to of 110194

Bart, I think the realization that Central Banks would actually sell their gold did not seem to fully sink in until December 1974. Once it really happened, even in the U.S., the market took a huge dumper expecting a huge dishording. It took a while for the gold market to rebuild its confidence. I believe that we are in an opposite situation today where it is actually more likely that Central Banks or SWF in their stead are or will be acquiring gold and that the full realization of such an event will have the opposite (positive) effect on the gold market as in 1974. online.wsj.com