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Gold/Mining/Energy : Gold & Gold Stock Analysis

GLD 368.29

+0.6%

4:00 PM EST

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From: jimsioi	11/5/2007 5:19:35 PM
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Is anybody heeding Sinclair's advice?? In addition to warning about the CREDIT Default Derivative Mess that is about to explode...He'd advising taking some radical actions...Any body listening / acting...? "Clearly the next step to follow a meltdown in the credit risk derivative group’s pounding of the commercial paper market would be a meltdown in the credit default derivative wherein trillions of dollars are involved yet the dealership in this structured product is an incredibly small number. Those people, according to a Wall Street Journal article a year ago, are Merrill, Citicorp, Lehman, Goldman and Bear." He advises among most strikingly, I think: "What you cannot withdraw and is in cash put into short term treasury instruments. For those able, I prefer Swiss and Canadian dollar Federal T bills. Convert your investment shares into paper certificates. Do not lose them! If you have coins stored at a coin dealer take delivery of them and request prompt service. If you have accounts at Internet financial entities close them and transfer the accounts to a smaller firm that can confirm in writing that they have no over the counter derivative exposure. Be sure to ask for certificates for your share investments and take delivery of them." ------ This last item (closing Internet accounts) and getting shares into certificate form are quite extreme...Very few (15%) of his readers say they are doing this... Will there be a mad dash for the door...? Thoughts?

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