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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: stockycd who wrote (14559)	8/12/2008 12:42:53 AM
From: jimsioi	Respond to of 29622

Comments from tonbinator off another board...seem about on. "gold's rapid fall makes me suspect within the next week something very dollar bearish/gold bullish may occur.." investorvillage.com Sinclair seems to think a naval blockade of Iran is in the works and lies behind the run us in the dollar.... Many usually well informed people are speculating wildly on the real reason behind the GRAND HAIL MARY PLAY NOW IN THE DOLLAR. Is there some really bad financial news brewing under the waves of spin? Is there a military action seriously being considered? One thing is certain. There is no substantive fundamental imperative that requires the US dollar to be purchased. Others speculate about Obama taking the election. What is imperative, however, is what may have to come about to protect the authoritarians which like the naked short sellers have clearly made crime pay. Three major US naval strike forces due this week in Persian Gulf The United States had sent three new American flotillas to the Persion Gulf, raising the number of United States strike forces in the Middle East to 5. The United States, France, Britain, and Canada are planning a naval blockade to deny Iran imports of refined oil products. Military sources note that the arrival of the three new American flotillas will raise to five the number of US strike forces in Middle East waters – an unprecedented build-up since the crisis erupted over Iran’s nuclear program. This vast naval and air strength consists of more than 40 carriers, warships and submarines, some of the last nuclear-armed, opposite the Islamic Republic, a concentration last seen just before the US-led invasion of Iraq in 2003." Keeping positions small and cash high....