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The One Eyed Guide ( is Bob Small who: solo traveled to 25 countries by age 21, has a degree in Economics, an MBA from Columbia University in Marketing and Finance, has been a brand manager, was a licensed stock and options broker during the 87 crash, ran a $450... More
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One Eyed Guide
  • Is this the ultimate Gold sell indicator? Greenspan Declares Gold not a Bubble 0 comments
    Aug 25, 2011 9:21 AM | about stocks: GLD

    Alan Greenspan, the former Fed Chairman who failed to identify either the internet or housing bubble, has declared Gold is not a bubble.  This probably means the top is in on gold.
    Seriously, the top may be in for gold because the stock market is weak.  The Fed (or whoever you want to believe is managing liquidity) will crush gold because gold purchases drain liquidity from the economy.  If gold continues to go up pressure will be put on the CBE to raise margins so that stocks will be relatively more attractive - a higher stock market has all sort of positives for the economy.  The only benefit to higher gold is it makes the dollar appear weaker and gold at $1600 achieves this.

    Stocks: GLD
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