Gold and Silver Mining Stocks Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold and Silver Mining Stocks

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: IngotWeTrust	11/11/2007 4:20:07 PM
	of 4051

FASB 157 Rule goes into effect this week, and will impact, judging from pundits I've read, "Level 3" Debt where the "other shoe" is residing on and off balance sheet. I remember when Sarbanes Oxley went into effect, much ballyhoo, and not much bang for the buck around "effective on" date. As far as I can tell, most entities have kept on doing what they were already doing, on many reporting levels. Or did I miss an important S/O test case somewhere? My point? Since this meltdown (a descriptor I choose to use) is systemic in my view, I don't believe any earth shaking revelations are going to occur on or about the 15th in regards to FASB 157. Therefore, I suggest it is not a date to hang one's "buy on the 15th dip" fantasy if one wants into the gold market, whether to establish initial positions or to add to existing. FWISA... G_T

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next