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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: orkrious who wrote (95829)	7/24/2008 9:18:44 AM
From: TH	Read Replies (3) of 110194

Ork, Thanks. I'm always interested in Heinz's take. Still, none of it matters for gold until it does, and right now it does not matter. Fundamentals for gold (not for commodities!!!), are being ignored/discounted by the market. To imagine that POG is down after Paulson just screwed the taxpayer for an UNDETERMINED amount of exposure for Freddie and Fannie. And then there is the housing bill, with this nonsense that somehow the Federal government will "share" in any gains on loans they back/arrange when the home is sold for a profit. Lol. I was listening to BBC last night. They understand exactly what this bill is about, but still the dollar does not break down. I also listened to several clowngressman spin this play, and how it is good for homeowners. Ok, maybe it is good for the 400,000 homeowners they claim are in the target group, but what about the rest of us? The ones that get the tax increase. Oh, I forgot, preventing foreclosure helps reduce blight, and that is the upside for the rest of us. GT TH

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