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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?


To: SliderOnTheBlack who wrote (15810)2/25/2009 12:58:08 PM
From: littlebitmoore2  Respond to of 50737
 
SOTB, thanks for the charts and narrative!

lbm1



To: SliderOnTheBlack who wrote (15810)2/25/2009 1:03:39 PM
From: Zincman  Respond to of 50737
 
Is that all we get from Gman today? 1st time tax credit b/s?

Is he to speak more today?

tia
ZM



To: SliderOnTheBlack who wrote (15810)2/25/2009 1:05:18 PM
From: Ken Reidy1 Recommendation  Respond to of 50737
 
Great post Slider. In addition...going back to March of 2008 when the HUI exceeded 500 as gold went over $1,000....the price of oil was roughly $110. So...oil, a significant expense for mining operations...has dropped by 65% since the HUI exceeded 500. Remember when the mining shares started underperforming the metal?...the high price of oil was always blamed.

In my biased eyes...many mining shares look very cheap unless Gold and silver are about to take a major fall. Hard to imagine with central banks worldwide so desperate to print fiat. Good thing the government won't run short of fiat "blanks" like the US Mint ran short of "blanks" for gold coins. Maybe I should buy some shares of International Paper...IP.



To: SliderOnTheBlack who wrote (15810)2/25/2009 2:44:16 PM
From: TH1 Recommendation  Read Replies (2) | Respond to of 50737
 
SOTB,

It is possible that they are driving down gold for a reason? Maybe something big and expensive to fix up the banks?

And, if we can take 1000 with the massive amount of spending/waste, then when? What event/action do you as the driver to break this cycle of POG retreating at four digits?

From the perspective that they can print/fund unlimited resources to short gold, I'm not sure what can break it.

GT
TH