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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: re3 who wrote (77664)	11/21/2007 8:34:14 AM
From: Real Man	Respond to of 94695

I have 1 trading account left, with a very small %, holding a lot of gold and silver in physical form outside the financial system. I think some brokerages and banks may die if this continues. E-trade will die soon, citi could be next, especially if we do BK. A lot of marginal banks and brokers are in serious risk of bankruptcy, and FDIC, etc. may not have enough cash to protect everyone. This has a look of OTC derivatives implosion, the big bomb is no longer ticking. Stock market could care less, but since it is also "maintained" with derivatives, it is at risk now. That said, I'm sure the firemen are already at the scene, they might just be too late if the fire is similar to SD fire. -ggg-