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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (43126)	11/8/2011 10:37:44 PM
From: carranza2	Read Replies (1) \| Respond to of 71454

"FWIW, the negative yield trap applies to all consumed commodities except gold." Bingo! A truly concise and sage sentence. A marvel, chock full of investment implications. Only thing I'd change is to delete 'consumed.' Minor thing.

To: Real Man who wrote (43126)	11/9/2011 8:44:40 AM
From: Tommaso	Read Replies (1) \| Respond to of 71454

I only own producers of commodities, or producers of equipment associated with commodities. In the last couple of days I have taken a big position in TNP, Tsakos Energy Navigation. Headquartered in Bermuda, with offices in Athens, it has a fleet of over 50 new double-hulled tankers. Pays a dividend of almost 10% at yesterday's stock price and sells at a 70% discount from book value. And the book value is real, real ships. The stock has been knocked way down partly because it is a Greek company. But it does business outside Greece using U. S. dollars. See conversation and links here: Message 27751163