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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (52641)	11/9/2007 8:59:04 AM
From: tyc:>	Read Replies (1) \| Respond to of 78419

>>"... that is mostly still outside the box thinking unless one really believes the USD is going to zero :O) K I do not understand your meaning. Could you elaborate please. ? What do you think will happen to Canadian stock prices if the Canadian dollar; (a) continues to climb or (b) has now reached it peak and begins to fall ?

To: Cogito Ergo Sum who wrote (52641)	11/9/2007 9:35:15 AM
From: tyc:>	Read Replies (1) \| Respond to of 78419

In the news this morning there's a headline saying that a Canadian bank "takes $463-million hit from U.S. housing exposure" Later in the article it says; "The writedown comprises mark-to-market writedowns on collateralized debt obligations and residential mortgage-backed securities related to the U.S. mortgages." Is this is just plain "fear mongering"? Because no-one knows how much the securities are worth, their market price is low; perhaps even zero if their is no market. But their ultimate value is surely not their present market value. Should marking them down to the low market value, cause us concern ? (I think I read somewhere that Buffett is looking for mispriced stocks among the sub-prime debris. Can anyone confirm ? I wouldn't be surprised if its true). Doesn't the market just ignore mark to market gold hedging losses (whether they are taken or not)? Why such a strong reaction to these booked marked to market losses ?