The Swamp Message Board - Msg: 24947095

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Strategies & Market Trends : The Swamp

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From: SwampDogg	9/14/2008 11:44:33 AM
	1 Recommendation of 491

One has to roll one's eyes... ft.com <<Hank Paulson, Treasury secretary, has been adamant that no government money would be involved this time.>> and in the very next paragraph <<Mr Paulson believes that the systemic risks associated with the potential failure of Lehman have been reduced because the market has had time to prepare for its possible demise, and a new Fed funding facility would assist an orderly unwinding of its positions.>> How can a "Fed funding facility" not "involve" government money? FWIW if this is the beginning of Wave 3 on the gold bull one might expect the top of Wave 1 of one lower degree to be near the ATH in the $HUI and IMO we get there by late Nov

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