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> The stupid (arrogance) of large commercial banks (and much of Wallstreet)
> should never be underestimated...... of course maybe they knew that they
> would get bailed out if they cried loudly enough. CNBC reported that on
> the book cash was leveraged at 50 - 1 and that lenders in effect were
> leveraged @ 200 - 1. INSANE!!!!.
They also reported that the fund was short gold big time. Time to buy?
--
Dennis
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