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Re: sannwinds post# 9551

Friday, 11/21/2008 2:16:09 PM

Friday, November 21, 2008 2:16:09 PM

Post# of 24241
I don't even try to make sense out of PM stock behavior while the hedge fund managers are selling willy-nilly for liquidity.

Since mid August, my only PM holdings have been GSPG, SLW, and CDE, and over the last 3 months, GSPG is actually doing the best out of all three of these. But they are all looking like shipwrecks hung up on the rocks, if you know what I mean.

So the bet we are being asked to make now is whether or not the PM stocks shoot back up even faster (and much further!) than they just dropped. I think they will, but it all comes down to whether we continue on this path of price deflation (oil going under $50 next week?), or switch gears for some good old-fashioned inflation of the US$.

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