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| Well, we probably won't know. I expect markets to be manipulated - but short term. I think the idea falls apart when you talk about long term.
OTOH, I'm guessing the Fed can easily support the stock market. They probably have little risk there, as with the click of a computer key they can create new money. But shorting gold would seem to have too much risk. Just thinking about what it was like at the most recent peak - people long, and people telling people that they had to be long, were absolutely giddy. What a perfect atmosphere for a top. | |
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Germany also continues to take back gold.
