if the government didn’t enact the bailout. The bailout was enacted, but is getting off to a very slow start (the devil is in the details). Was Kramer being too optimistic?
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Personally the only show that I’ve ever used to base my strategy off of has come from the “Fast Money” traders.
Anyway, how about you?
Thanks in advance!
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I am more leaning towards a catastrophic devaluation of the dollar due do a rapidly expanding money supply to prop up the housing market and keep these large banks solvent. It’s the currency risk that makes me feel like selling is like pulling an ejector seat, because I am trading something tangible for debt money that is essentially getting more and more valueless per day.
I wish this was the 80′s again so that I could sell at what was then a huge market top, but…back then Volcker decreased the money supply by raising interest rates to double digits. I can’t see that happening.
For those of you who invest in metals, what are you’re views on where the price is going, and do you see a pullback or consolidation period in the near future?
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Thanks,
Richard
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