Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (70423)	9/17/2008 12:48:41 PM
From: Riskmgmt	Read Replies (1) \| Respond to of 74559

Pretty much agree. Saw Vi post that. It was puzzling how gold hadn't moved much with the Feddie/ Fannie bail out then the Lehman crisis and final liquidation of it with all the counter-party liabilities and then AIG over the weekend. It was as if the price was deliberately being held down. Then starting with a small crack yesterday the dam seems to have broken today. Unless one believes in conspiracy's one would logically conclude, as Mish did, that Gold was retrenching. I got a Focus Note from an Asia investment advisory I subscribe to recommending selling or hedging if the weekly closed below $765. they saw gold retracing to $723 and maybe $650. Wonder how they are feeling this morning? :}