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Re: Gold
Bear Stearns is partially the reason for this recent turn. Word is they had a lot of money in commodities and these trades have to be unwound by JPMorgan to square things.
That is causing others to take profit, and/or more selling, by many hedge funds which were leveraged big time. Which is driving money in to bonds, the usual flight to safety reasons, with equities not knowing which way they want to go.
So I would watch gold closely. Might be a fake out in a new up move before the real new up move actually begins.
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