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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: loantech who wrote (49042)9/15/2007 1:04:38 PM
From: TH  Read Replies (1) of 78421
 
Slan,

I do not. I'm not saying it is impossible, but very unlikely. My fear is that the cut is not big enough to satisfy the monster. Ben is not stupid, and he is well aware that this bounce in the market is predicated on a very, very firm assumption that the street is going to get their cut. The open question is how much?

Something I am considering is that the Fed may not be looking to JUST save fat cats who made poor investment choices, but rather to stave off a massive recession because the average joe is going to be under pressure when ARM's reset in mass. I do not think this is a small factor in their discussions, but yet all I read on SI is that people don't want to the Fed to bail out the street. I think there is more to it than this.

Ben, if he is 1/2 the forecaster and data monkey he claims to be, must have seen the wave coming.

POG and miners have the perfect storm to fill the sails and power us to new levels. There is NO way out for this poor bastard Ben.

One last comment. Ben, if he really is the great forecaster and data monkey the world thinks he is, should have known this storm was coming, yet he accepted this position. Ego trumped reason, or we have to accept that Ben is a kool-aid drinker and completely clueless. Take your pick. Dozens of good thinkers right here on SI have seen this storm coming years ago. And the most powerful data monkeys in world (Blackhawk Ben and Greenie) didn't? BS.

GT
TH
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