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Old 04-23-2012, 04:24 PM   #5
CathBraunn

Join Date
Oct 2005
Posts
445
Senior Member
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I hope it goes to a nickel.

The CME has lowered margin requirments 2 times in the last few months and it still remains in a downward trend channel, although the long term chart shows a perfect 45 degree uptrend, with the move to 50 and 26 just being just noise IMO. Same with the oil chart, 150 and 35 level is just noise which should be filtered out because it had nothing to do with the asset itself.

Like we all know, and as Jim Rogers points out, one of 2 scenarios will play out in commodities either we will see global growth where scarcity and demand will drive up prices or we will see negative growth and the government will debase currencies which will drive down fiat currencies making commodities rise when priced in those currencies. I really cannot see another scenario, which is why I am in the sector. (aside from the main reason which is Gold and Silver are money)
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