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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (20680)	8/1/2007 9:28:41 AM
From: carranza2	Read Replies (1) \| Respond to of 217688

Hope you ae not leveraged. I think Slider explained gold's recent poor performance very well. I am very cash-heavy, too. Could care less what happens to the markets, except to the extent that it will offer significant opportunities b/c US corporations are severely undervalued and will become even more so in the next few days. Great earnings, great balance sheets, buybacks, foreign sources of revenue, you name it. Why do you stand ready to buy more gold? By your thesis, it will be going up, making it more expensive. By your lights, you should have loaded up long ago, when you considered it 'cheap.' With your perfect correct substance-free prescience, you should have been done buying gold long ago.vbg Gold and the markets are down today, however. The gold-leveraged are getting hammered, just as predicted. Couldn't happen to a nicer bunch.

To: TobagoJack who wrote (20680)	8/2/2007 1:51:01 PM
From: elmatador	Read Replies (1) \| Respond to of 217688

ready to buy much more gold? Italy to use gold reserves to cut national debt Bank of Italy has €37,970m worth of gold and the equivalent of €21,026m in foreign currency, mostly US Dollars and Sterling, with smaller amounts in Yen and Swiss Francs. Some of this, however, under an agreement with the ECB, must be retained in case there is a need to intervene to defend the Euro. In addition, a pact by 15 European nations sets a total limit of 500 tonnes of gold which can be sold in any one year. For 2008, the sale of 345 tonnes has already been reserved by other central banks. This would leave only 155 tonnes for Italy to sell, the equivalent of about €2,500m.

To: TobagoJack who wrote (20680)	8/4/2007 9:43:04 AM
From: carranza2	Read Replies (2) \| Respond to of 217688

Jay, the rumbling in The Force we detected has become a deafening roar. What I wrote on 7/21 was the result of putting ear on railroad track. But, yes, there is a rumbling in The Force. The US markets horrible day Friday presages something not good. The Dark Side is getting closer and stronger. Perhaps a good time to take profits, monetize. Message 23719339 On Monday, a speeding locomotive will run over the tied-to-the-rails clueless investor, the drunk-on-leverage Master of The Universe hedgie, and every other hanger-on who didn't close his eyes, clear his mind, and tune in to TF. My prosaic, pedestrian question is this: As this baking mini-teotwawki presents tremendous opportunities to the Chinese, do you think they will use their dollar reserves to prop up American credit markets and thus keep their own markets from taking a substantial hit from the locomotive? The Paulson visit was exquisitely timed. The question points out the nature of the Sino-US relationship. We are wary partners, rivals sometimes, but tied to each other whether we like it or not.