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

To: shakes who wrote (159466)	10/23/2008 4:14:06 PM
From: Threshold	Read Replies (1) \| Respond to of 306849

all i can say is that the $HUI was last at this level in mid 2003 when the price of gold was around $350. it's twice that now, so either the stocks are pricing in a 50% drop in bullion, or there is a lot of forced selling going on. i have no idea when the selling will stop. the currency experts i've read lately think it will take a year or two for the inflationary results of all the govt bailouts to work their way through the system. no way to tell when the US dollar stops getting bought either imo. i think a lot of these types of trades over move in both directions. just remember that market makers have govt protection, see order flow, create order flow and have employees that are desperately clinging to their jobs, and do not expect to be investigated. so the market maker employees either rake in tons of cash for their firms, or are replaced by one of the thousands of Wall Streeters who are now out of work. one would expect a few rules to be broken in these circumstances.