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To: calgarylady who wrote (2595)2/13/2008 2:04:40 AM
From: onepath  Read Replies (2) | Respond to of 23088
 
Gold is well overdue for a correction yet there seems to be a lot of gold bugs on the sidelines waiting to get back in.So maybe not...another leg up would be the unexpected and markets have that kind of rep. for doing what the most least expect.
(not a prediction I suck at those)just a thought.



To: calgarylady who wrote (2595)2/13/2008 11:12:55 AM
From: koan  Respond to of 23088
 
I am guessing, but I think M1 is reflective of what an economy should be doing i.e. fluid credit to turn the wheesls of commerce; and M 3 is the feds futile atempts to get things going i.e. buying debt from the banks lowering discount and fed funds rates etc.

The problem as we all know, is that the the banks CDO collateral has no known quantitative value so can not be used for borrowing as who wants to lend on a "pig in a poke"-lol.

PS platinum up $55!!!!!!!!!


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