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Dollar, Gold, and rational exuberance


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#1 nimblebear

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Posted 07 September 2007 - 09:44 PM

Wow, Finally things are making sense. :) Dollar broke below 80 - FINALLY - despite the Bernanke puts, which is where it should be given the debt we have, etc, etc. Gold - Back above $700 -makes sense. Up when market is down. Makes sense. Very rational. Gold stocks holding up in down market - wow this is a first. Should this continue, maybe it will be sort of a safe haven. I'm not counting on that. So things are rational. So rational, that they are approaching exuberance ! :D Also, Subprime is getting gutted - and so are the slime b=rokers who peddled doc free loans. Hedgies are starting to blow up. Too many and no transparency. Korea agrees to no nukes. again, stop it ! This is making too much sense ! :blink: --- have a good weekend folks. We at least have a few more left before we really start to have to worry about derivatives blowing up.

Edited by nimblebear, 07 September 2007 - 09:47 PM.

OTIS.

#2 Tor

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Posted 08 September 2007 - 02:53 AM

What is this so called bernanke put? It is dollar negative, no positive IMO.
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