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ultimatepick

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ultimatepick

Re: Ataglance2 post# 6377

Friday, 01/26/2007 5:23:59 PM

Friday, January 26, 2007 5:23:59 PM

Post# of 42555
The europeans are selling gold because they do not want it to go up ie inflation to go up ie raise euro rates ie the EUR will go to da moon ie that will hurt their exports real bad. If gold goes up the us economy will go down and the europeans will not export as much to the US. get it? lol!
Also if the europeans keep raising rates the EUR will scream and their stock market (DAX etc) will crash so bad it would not be funny.

Their gold selling is being EASILY absorbed by the Asians.
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