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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: patron_anejo_por_favor who wrote (142361)8/22/2008 7:34:38 AM
From: Dan3Read Replies (1) | Respond to of 306849
 
Is the physical gold issue still there:

The Eagle Has Been Grounded
By Ianthe Jeanne Dugan
Word Count: 575
As gold prices tumbled from their highest level ever, investors and collectors loaded up on one-ounce "American eagle" gold-bullion coins. The buying spree came to an abrupt halt this week after the U.S. Mint stopped selling the coins for the first time since production began 20 years ago.

"Due to the unprecedented demand...our inventories have been depleted," the Mint -- part of the U.S. Treasury Department -- told its dealers Friday. "We are therefore temporarily suspending all sales of these coins."

The move shocked sellers and collectors of the coins, which are the most widely traded in the U.S. Suppliers ...
http://online.wsj.com/article/SB121928079980258833.html

This makes no sense - what happened to cause a shortage of physical gold while prices stay flat?



To: patron_anejo_por_favor who wrote (142361)8/22/2008 8:43:23 PM
From: THRespond to of 306849
 
patron,

My fear that we would see some DX support after the oil rally (and Bennie's pep talk) came to pass.

So, I guess we see if the oil/pog trade has legs on Monday. I'm holding off until then.

As for the Jamaicans, I heard brownies were preferred.

GT
TH