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

GLD 374.22

-0.2%

4:00 PM EST

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To: TobagoJack who wrote (91825)	6/24/2012 3:11:23 PM
From: GoldBull no bug here	Read Replies (2) of 217906

TJ - looks like a "major Wall Street bank" is in trouble. Avoid the lines and panic first. Jim Sinclair’s Commentary There is a big problem brewing again in the OTC derivative market. A major international financial auditing firm is currently involved in a massive project on Wall Street that presently has over 900+ consultants involved, which is massive and beyond even the size/scope of the Fannie Mae restatement several years ago. They’re grabbing any senior financial analyst and software expert that they can to help this "unnamed" major Wall Street bank calculate valuations for a suddenly devaluing portfolio of Credit Default Obligations that they have heavily invested in. This auditing firm is charging nearly double their normal billing rate and is getting it, no questions asked.

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