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Friday, November 07, 2008 3:24:55 AM
What's coming, I believe is a dollar collapse. Other countries will recover sooner rather than later. The U.S. is the one who's looking at a "lost decde".....just like Japan went through in the 1990's. We're making the same mistakes Japan did then.....we should expect similar results.
Oh, and another reason for the decline in gold and oil would be the current situation facing the hedge fund industry. Hedge funds are in a serious need of cash right now, so they are forced to sell their positions to come up with the money. This is helping to drive the markets lower.....including gold and oil...since they are selling those positions as well.
November 15th is "redemtion day" for the hedge funds. Hedge funds allow investors to take money out a few times a year. Watch the markets as this date approaches. Bottom line for hedge funds.....this crisis is going eliminate thousands of them before all is said and done.
Have a good night.
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