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


To: TH who wrote (101407)2/16/2009 10:48:20 PM
From: orkrious  Read Replies (1) | Respond to of 110194
 
Phase three of the gold bull approacheth.

I'm not sure it isn't phase two that approacheth. Most of the true public still doesn't realize what gold's value is. They will run it from $2k and beyond.

As I type it appears it is no longer approaching...it is here. PoG $950.



To: TH who wrote (101407)2/16/2009 11:27:57 PM
From: bull_dozer  Respond to of 110194
 
> Phase three of the gold bull approacheth.

da_cheif thinks so too..

Message 25418264



To: TH who wrote (101407)2/16/2009 11:40:32 PM
From: Hawkmoon1 Recommendation  Read Replies (4) | Respond to of 110194
 
Four calls in three days from people who have never owned gold and have decided they may want to change that.

And that doesn't tickle your "contrarian" DNA?

I remember I started wondering if oil hadn't topped when I heard that the big pension funds were all buying commodities last year (spring as I recall). Was thinking about buying one of the ultra-short oil ETFs and regretted not having done so.

I can make a bubble in anything if I can convince enough people that they should buy something. They've done it with tulips.. They've done it with silver.. They've done it will internet stocks, sub-prime loans, oil.. why not gold??

Heck.. why not platinum and diamonds?

But you might be completely correct if those "animal spirits" get riled up. But I'll tell you what.. if it gets that bad, I'd be stocking up on long-storage food and ammunition before I thought about gold. If you think about the gold rush, it wasn't the miners who made fortunes, it was the merchants who sold them everything they needed to survive and mine another day.

Hawk