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Re: Gold
Well if its an inverse of the dollar, Id have to say gold will go higher. All these rate cuts are going to increase inflation and further weaken the dollar. Besides, our economy has a weak dollar policy for at least as long as Bush is in office.
I think this sell off is investors cashing in on profits in the commodity sector, combined with people who want to believe Bear Stearns marks the turn around in the market and the dollar.
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