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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: koan who wrote (44565)	7/10/2007 10:20:38 PM
From: John McCarthy	Read Replies (3) of 78419

Hi Koan I've been following this for awhile. Here is a link to a Barrons article that was posted by Sam Citron. Its a good summary. As to magnitude the article says .... The Bottom Line Banks, brokerages and hedge funds that have been eager buyers of subprime CDOs could face losses of more than $100 billion in coming years. Barrons Article Message 23688159 As you may know Credit Suisse just issued a blurb yesterday and came up with the number $52 billion. in potential losses. Banks losing up to $52 bln over subprime reuters.com But Credit Suisse also said this today ... Banks will probably lose between $5 billion and $15 billion from their investments in CDOs, said Credit Suisse analysts led by Ivan Vatchkov in London. bloomberg.com And then there is this - from London Dollar hits euro low as credit fears widen The dollar has plunged to an all-time low against the euro on fears that America's sub-prime property crash is beginning to set off a broader credit crunch. telegraph.co.uk There is one part of the puzzle that I DO NOT UNDERSTAND. I read (from various posters) all over SI that the rise in the YEN is hurting and/or holding back a rise in the price of Gold. I (out of hand) accept what they say - but I don't have the smarts to understand how the two are connected. If you or anyone can draw me a "See spot run" kind of picture I would appreciate it. (didn't mean to be so wordy) regards, John

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