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JustForFun7

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JustForFun7

Re: Lojiko post# 14685

Wednesday, 05/09/2012 11:29:22 AM

Wednesday, May 09, 2012 11:29:22 AM

Post# of 26631
"in short, European rejection of austerity is going to drive the conversion of EUR into USD, which will drive gold lower by default."

that's something that I fear will happen. It's also something I think maybe some powerful people may want. way above my pay grade though.

I waiting to see if they can extract Greece from the Euro with minimal damage. That would give us some time for a POG rebound.

IMO, the revaluation of the gold miners will be heralded by a big uptick in merger / buyouts within the sector.

JFF7

It's better to be out wishing you were in than in wishing you were out.

"Markets can remain irrational longer than you can remain solvent". - John Maynard Keynes

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