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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 454.39+6.4%Feb 3 4:00 PM EST
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To: TobagoJack who wrote (30780)3/11/2008 5:34:19 PM
From: carranza2  Read Replies (1) of 220000
 
As I think about it, I am grateful that my stops were not taken out. The junkie needs an industrial strength emetic, not more junk. It got a huge mainline injection of pure junk, is now comatose, but will soon enough be wondering where the next fix is coming from.

As Russell sagely said, however, this is not a crisis of credit but a crisis of solvency. This is worth repeating every 15 minutes in order that the proper perspective not be lost.

The banks are fighting for their lives. The Fed cannot let them crash, come what may. In doing so, it will give us a near-vertical gold price and a dollar that will point forever down. Sad.

One can almost smell the fear, the gut wrenching panic, that must have overtaken BurnUndKaput and his cronies.
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