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SPDR Gold Shares Message Board

  • alex_sptrader alex_sptrader Feb 18, 2010 11:06 AM Flag

    IMF gold auction will prove the bulls wrong

    china won't be buying this round. The whole scheme of things for china now is to cap inflation and cap asset bubbles. buyin truckloads of gold now is will pump up commodity prices and run against this whole scheme of things.

    they have just pared down their stakes in US treasuries and have thus reduced their risks to US debt. they won't be buying this time around bulls. i hate to see those shocked faces when the news is announced. i am a contrarian here and am betting against the best hedge funds out there now

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