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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: orkrious who wrote (98671)	10/11/2008 9:42:29 AM
From: loantech	Read Replies (1) \| Respond to of 110194

ork maybe in the back of a lot of our minds we thought as in 87 that gold stocks may get hit hard during a market melt down. Just not this hard. Then as it has been said they come out like a rocket. Now we have to see if they can achieve lift off before they blow up on the launch pad. WGW has 4 million ounces they can produce at 525 or so with diesel prices falling. They have 32 cents cash per share in the bank (44 million)(135 million shares not FD, 155 mill FD)so their gold is selling for 21 bucks an ounce in the ground if my figures are close. Forced fund redemption, margin redemption, hedge fund redemption, fear redemption, panic redemption. I am down so far going to be the deer in headlights and hold. tom

To: orkrious who wrote (98671)	10/11/2008 11:22:09 AM
From: TH	2 Recommendations Respond to of 110194

ork, Thanks. I always enjoy LL's comprehensive recap and analysis. His explanation for the Friday move in gold is as good as any I've seen. Maybe there is zero intervention, but I don't really believe that. GT TH

To: orkrious who wrote (98671)	10/11/2008 2:03:23 PM
From: LTK007	Respond to of 110194

regards this, i just wrote this elsewhere--i attach at end.<<Meanwhile, Italian Prime Minister, Silvio Berlusconi let it slip that that G7 leaders were considering the idea of closing the world’s financial markets globally while they “rewrite the rules of international finance”. When pressed for details, he said they were “talking about a new Bretton Woods.'' About an later hour, however, the White House denied there were any plans to close markets. Shortly thereafter, Berlusconi apparently had his memory joggled (probably by a phone call from someone in a house that’s white… wink, wink…). He then said, ``I heard it on the radio…The hypothesis wasn't put forward by any leader, including myself.'' Are you laughing yet? Does anyone smell panic and chaos among world leaders as they try and put Humpty Dumpty back together? Tomorrow’s G20 meeting should be interesting to say the least.>> *********************************************************** And i am also thinking they will have to keep world markets open to complete the develeraging process.In short they can't close markets because of this and other complex factors, imHO, Max**

To: orkrious who wrote (98671)	10/11/2008 2:22:43 PM
From: LTK007	1 Recommendation Respond to of 110194

<<Outside of that, I would assume that the selling in stocks is going to continue on Monday, and this time it could be a discontinuous event to the downside>> Market would halt at roughly DOW at 7500, automatically. Whether they then decide to close for the day gets iffy--they are supposed to open after a something like a one hour "cooling off" period. Anyone have the details on this????????????