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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: JimisJim who wrote (144023)	1/22/2011 12:50:36 AM
From: teevee	1 Recommendation Read Replies (2) \| Respond to of 206092

I don't know about that thesis: there has been large net domestic money outflows from the markets-domestic cash (retail and funds) on sidelines is HUGE. It is foreign inflows that are taking the markets upwards. The US dollar is down and the world is awash in US bucks. Economies elsewhere are doing just fine (ie Brazil for just one) and lots of that foreign money is going into equities in the US and Canada. China has just opened an equity investment office in Canada. As ever more money is printed by Uncle Sam, expanding the money supply and devaluing the currency, the rest of the world will continue to buy assets and equities, especially in North America.