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Posted 17 October 2007 - 04:07 PM
GUBMIT wants to sell gold to convince people inflation is low.
So when the Fed cuts again within the month, what does the dollar do ? 
can you say ? ROCK !: Hard Place !
I have no idea what this means for the market, but when oil hits $102 we will have exceeded inflation adjusted all time high.
(for the record I have owned USO for a while- so maybe I'm a bit biased. It was bought on a hunch, when prices dipped.)
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Posted 17 October 2007 - 04:17 PM
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Posted 17 October 2007 - 04:21 PM
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Posted 17 October 2007 - 04:53 PM
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Posted 17 October 2007 - 05:27 PM
No less the current backwardation on the futures contracts screaming "extreme caution" is warranted.oil put an IT top... it is clearly seen on ratio charts
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
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