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

To: Giordano Bruno who wrote (28041)	1/21/2008 3:59:53 PM
From: carranza2	Read Replies (2) \| Respond to of 217576

wonder what percentage of gold is being sold to cover margin calls. Lots, I suppose, but then what? Everybody sells off their winners to pay for their losers, but that game will end and then we'll see a rebound in gold. I may well be a gold buyer tomorrow if it goes below 860. Or I may wait. This is a very fluid and a very dangerous situation. Mistakes may be deadly. My present thinking is that today's global downdraft merely anticipates the one on Wall St. by a day or two, that the global markets are predicting a large downdraft tomorrow on Wall St., followed by an even more horrid global day Wednesday in which Wall St. will participate. But I may be all wet. Trading limits may kick in, keeping the downdraft manageable. Since we cannot know, the best we can do is anticipate in an educated and reasonable way, i.e., by staying on the sidelines except for the obvious. But even staying on the sidelines can be expensive. Might double down on gold and the Yen if things get nastier.