Rosie On $2,600 Gold

Tyler Durden
Zero Hedge
Thursday, Dec 3rd, 2009

Rosie makes the case for double gold, emphasizing foreign CB purchases and peak gold. And as the race for the currency bottom accelerates, Rosie discloses the production of global fiat currency “up by 150%” coupled with no incremental dollar production, he expects gold to explode. Also is somewhat skeptical on the dollar carry trade, which due to being the most crowded trade in the room, will likely not see an orderly unwind when such unwind finally occurs.

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