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Re: oil below 100, gold lower? how's volume?

By: clo in ROUND | Recommend this post (0)
Fri, 10 Jun 11 11:47 PM | 53 view(s)
Boardmark this board | De's Test Board 		Msg. 33388 of 45644
(This msg. is a reply to 33385 by Decomposed)
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Decomp,

Not to worry, I haven't been in the market for years.

Its a shell game that I have NO stomach for.

Between you & me (and anyone else here) I don't see how our economy recovers.
I don't see ANY president & or Congress with the ability to deal with this. They are all consumed with getting elected or reelected.
Any politician that wants to cut more taxes can't be taken seriously, we have a lower rate then when Reagan was in office.

We have become a country dependent on consumption. Many Americans over consumed, without the ability to pay & We the responsible Americans are paying the price. That's how I see the housing market.

Maybe if a plague wipes out many citizens, taking pressure off the system? clo




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The above is a reply to the following message:
Re: oil below 100, gold lower? how's volume?
By: Decomposed in ROUND
Fri, 10 Jun 11 11:29 PM 		Msg. 33385 of 45644

clo,

Steel is an industrial metal. It is one of the investments that, right now, I am MOST pessimistic about - short term, mid term and long. I wouldn't touch steel with a ten foot pole and recommend you divest any holdings you've got.

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