2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 413.19

+1.1%

4:00 PM EST

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From: energyplay	3/17/2008 11:00:48 AM
	Read Replies (1) of 219050

SKF backing off on interday. LEH recovering a bit. Some people said that Merrill Lynch MER and/or Citigroup C are more vulnerable than Lehman. Citigroup may be too big to be allowed to fail. I sold my FXP China double short today. Even though I sold SKF Friday, and it had a big move today, I am happy to be out of all my double shorts now. The FED has just set up new rules where real banks and i-banks can borrow for 90 days (up from 28) on any kind of collateral. Since the i-banks finance the hedge funds, should be plenty of money to buy metals and miners. I bought some SWC today. SWC Stillwater Mining, a US Platinum producer. With US interest rates and the USD dropping, I betting hard assets are the place to be.

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