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To: Amelia Carhartt who wrote (416469)	7/23/2011 8:54:37 AM
From: Real Man	Read Replies (1) \| Respond to of 436258

I think Westy lost his touch as a contrarian indicator, but that does not mean we won't see 2000 gold, or 10000 gold -g- I summarized the current printing situation here - banks are sitting on quite some $$$ in their checking account at the Fed they could not multiply so far, but their former loans are obviously still in trouble, and new ones they can't make. Message 27511945 I don't know what to make of this, except that banks can probably do whatever they want now -g-

To: Amelia Carhartt who wrote (416469)	7/23/2011 8:56:56 AM
From: Real Man	Read Replies (1) \| Respond to of 436258

I think Westy lost his touch as a contrarian indicator, but that does not mean we won't see 2000 gold, or 10000 gold -g- I summarized the current printing situation here - banks are sitting on quite some $$$ in their checking account at the Fed they could not multiply so far, but their former loans are obviously still in trouble, and new ones they can't make. Message 27511945 I don't know what to make of this, except that banks can probably do whatever they want now, they definitely don't need more "reserves" that are automatically created when the Fed buys something. In a nutshell it seems the markets now are more managed than ever.