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Re: Montanore post# 5018

Thursday, 01/20/2011 2:59:06 PM

Thursday, January 20, 2011 2:59:06 PM

Post# of 17231
I think JPM et al are creating the drop in prices to continue unwinding their short position. Nothing more.

Idiots.

They could have done it a hell of a lot cheaper a couple months ago.

As it is, we're still at or above our hedge, which was top of the market at the time it was signed.

The Chinese got to be loving this current drop, and I suspect are quietly taking advantage of it.

Smart investors will see it for the temporary and contrived pull back that it is, and do the same.

The dynamics of metals vs currencies has not changed.

Metals are still the ultimate bottleneck, recovery or no recovery. As it is, there is little REAL evidence of a meaningful recovery, so we'll be back on track soon enough.

Worldwide demand for copper already outstrips supply for the next two years. Copper is dropping?

Different dynamics, but same with silver.

Leave it to JPM et al to try and make truth look the fool.


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