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


To: ferris wheel who wrote (106614)12/8/2009 11:49:07 PM
From: TH1 Recommendation  Respond to of 110194
 
fw,

The majors. Usual suspects like GG, NEM, ABX.

I think we have a mini dollar rally for several reasons.

1. Ben wants to show he is the clown-in-charge while awaiting his confirmation. The timing is interesting after his visit with those idiots in Clowngress last week.

2. Europe is screaming about the Euro.

3. Gold is a concern and they had to put a stop to it. I'm glad they did, for now when it keeps going up, it will just establish that gold is the real currency. I think gold is not going to buy this bs but for a few more days. Reverse repo was a token amount and all just for show. Meaningless.

4. More talk of stimulus to come, as IMO the jobs number from this past Friday was COOKED to the gills. Fantasy stuff and in a month of two the truth will surface again. So, a little strong dollar and that buffers more down from the next round of stimulus (that will be required and never-ending).

I'm going to keep building a position in miners, until I have reason to believe I'm wrong. The powers need a weak dollar and they are going to have it.

GT
TH