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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: orkrious who wrote (5395)3/23/2008 8:34:27 PM
From: Tommaso  Respond to of 71456
 
Thank you.

After listening to Don Coxe, I am just going to hold my positions (long commodities including gold; short financials), though it was not pleasant to lose 10% last week, and (according to Coxe) must expect the trends to continue for a while. Coxe does think we are still only in about the third or fourth inning of this game (not his dead metaphor, mine). He expects a manic blow-off in the future, if I heard him correctly.

However, my patience, and a certain amount of my mortal flesh, has been worn away by the Greenspan-era feelgood economics, and I hope I can survive long enough to enjoy the feeling of being vindicated. Greenspan's mortal flesh hangs pretty loose upon his bones--that old traitor to the gold standard.