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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 393.24

+1.1%

Dec 11 4:00 PM EST

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From: carranza2	6/9/2012 5:47:21 PM
	Read Replies (3) of 218434

Spain has taken the bailout, up to 125 billion worth of euros. Where is the moolah coming from? And why so much? Don't know exactly, but the EFSF has 200 billion and the ESM has 500 and the IMF might be good for 150. The 125 billion figure is supposed to be a firewall in case Greek elections go badly on the 17th, which means they are expected to go badly. The big problem is that the Germans have not ratified the ESM and may well not. It is a huge leg of the bailout apparatus. Zerohedge has made a good point. What if the Germans don't ratify the ESM and Italy blows up, too? Game over. It's might be over even if the Germans OK the ESM, which appears unlikely. zerohedge.com Italy's gold is obviously in play. The Redemption Pact whereby loans in the future are collateralized by gold if budget deficits are too high is likely to be enacted and that is of course terrific for gold. I would expect gold to surge Monday so it will probably tank. Vbg. Expect a lot more proposals concerning gold. All very positive for gold, eventually.

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