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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (38000)	5/24/2010 2:58:25 AM
From: Madharry	Read Replies (1) \| Respond to of 78470

Just read a summary of the VIC congress which took place in california in early May- Of note to me was that Fairholme has taken a large position in GS and that one of the presenters Eric Sprott recommended 3 small gold stocks, two of which are owned by companies that I have decent sized positions in. I note that one presenter was very skeptical about small chinese companies, said that he thought up to 1/3 of them were fraudulent. Also saw some analyst talking about proposed settlement of GS with SEC. There was some rumor that GS was going to settle for $1 billion. He thought there would be some issue with a judge approving such a settlement as he thought the most they could be on the hook for under current laws would be $15 million, the amount of fee income they derived from the transaction. I had not heard this before and I think it gives yet another perspective on the hit to GS market cap that its taken.