The Epic American Credit and Bond Bubble Laboratory Message Board

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

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To: orkrious who wrote (98671)	10/11/2008 9:42:29 AM
From: loantech	Read Replies (1) of 110194

ork maybe in the back of a lot of our minds we thought as in 87 that gold stocks may get hit hard during a market melt down. Just not this hard. Then as it has been said they come out like a rocket. Now we have to see if they can achieve lift off before they blow up on the launch pad. WGW has 4 million ounces they can produce at 525 or so with diesel prices falling. They have 32 cents cash per share in the bank (44 million)(135 million shares not FD, 155 mill FD)so their gold is selling for 21 bucks an ounce in the ground if my figures are close. Forced fund redemption, margin redemption, hedge fund redemption, fear redemption, panic redemption. I am down so far going to be the deer in headlights and hold. tom

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