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


To: TH who wrote (43696)10/4/2011 10:18:29 AM
From: Giordano Bruno  Read Replies (1) | Respond to of 119361
 
OTTAWA, Oct 4 (Reuters) - The Group of 20 nations is having ongoing talks about Greece's ability to deal with its debt but isn't preparing emergency measures in case it defaults, Canadian Finance Minister Jim Flaherty said on Tuesday.

reuters.com

" but isn't preparing emergency measures "

There you have it.

Why mention emergency measures at all?



To: TH who wrote (43696)10/4/2011 10:24:55 AM
From: Roads End  Read Replies (1) | Respond to of 119361
 
Perhaps the most scary part of gold if you don't believe it has done its job is that it hasn't even given up its long term up trend line. So the question is the obvious hold or break? I'm leaning break.



To: TH who wrote (43696)10/4/2011 10:28:00 AM
From: posthumousone  Respond to of 119361
 
exactly...Naz not even down a percent while miners down 2 to 10 percent



To: TH who wrote (43696)10/4/2011 10:34:54 AM
From: Mike M24 Recommendations  Read Replies (2) | Respond to of 119361
 
TH, when funds need to raise cash everything including gold gets sold. yesterday the S &P 500 closed at the same level it was at in 2008 while gold is trading at double the $800 +/- price level of Oct 2008. gold was the first to recover in Fall 2008 and I expect gold will recover first when this decline is complete. I remain cautious until we get a European style TARP and QE III in the US.