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Re: JTJ post# 2343

Tuesday, 10/28/2008 10:57:53 PM

Tuesday, October 28, 2008 10:57:53 PM

Post# of 7752
I'd look for a reversal sometime before the inaguaration in January. Jim Sinclair seems pretty set with his countdown. I believe what he's getting at is that the old administration will be leaving, and the new one entering. Meaning, all the under the table crap going on to hedge the dollar and shorting of gold is going to collapse. Should be interesting to watch.

Meanwhile, in another universe... The economists seem to be forming the collective opinion that we are already beyond the brink of recovery. Heavy inflation, or Hyperinflation will hit the nation once the dollar goes south. This is where the main surge will come from in gold, and once launched, as the mechanism of value storage, will continue to rise. The econs believe that this inflation will happen one of two ways: a sharp improvement in overall business which leads to commercial pricing on steroids, or slow stagnation and we eventually go the route of Iceland.

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