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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: pogohere who wrote (61814)	10/22/2008 3:15:55 AM
From: marcos	Read Replies (1) \| Respond to of 78409

Being short the US dollar was a popular trade, in a wide variety of ways, there was likely a lot of leverage to commodities and PMs as well as the structured debt crap ... and all had to go to USD as the first step in unwinding, the lowest common denominator yes, usually it's 'lowest' that gets stressed in that phrase Got to stick with companies that can survive this, absolutely, cash in the kitty and the smarts to conserve it ... could be a while My one tiny realised profit for months now came, oddly enough, from some USD i was carrying in a broker's account, using the credit in loonies, they let you do that, just charge more interest on the debit than they pay on the credit of course ... meant to do the exchange quite a while ago, never got around to it until the other day, got 1.18 something, spent it immediately on a few k of a beaten-up gold fave ... shoulda waited maybe, looks like they'd pay over 1.22 tonight ... geez, how far will that proceed in a straight line - currencies always overshoot, they say

To: pogohere who wrote (61814)	10/22/2008 11:11:06 AM
From: Valuepro	Respond to of 78409

Whoa, that's a sobering interview.

To: pogohere who wrote (61814)	10/23/2008 8:45:25 PM
From: pogohere	Read Replies (3) \| Respond to of 78409

FACTORS BEHIND USDOLLAR RALLY What is pushing the USDollar up cannot be construed as anything remotely resembling healthy factors. In no way whatsoever does it resemble investment. It is more like paid off death contracts, paid off death investments, paid off transfers from toxic US bonds into what are falsely regarded as safer US bonds with a guarantee from a crippled USGovt. Foreign financial entities are liquidating on massive scale. They need a tremendous amount of USDollars in order to complete transactions. Also, a tremendous amount of USDollars are needed for CDSwap payouts as defaulted bonds are resolved. Almost all CDSwap and other credit derivatives are paid out in USDollars. The Lehman Brothers payout was full of lies, again. The Lehman Brothers total volume of corporate bonds was $160 billion, but $400 billion existed in total CDS volume tied to them! It is no surprise that the Dow and S&P500 stock indexes fell hard (by almost 400 points on Dow) and on the Lehman resolution day. And market mavens boasted of no impact on the Lehman funeral date! [emphasis added] news.goldseek.com