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

To: NOW who wrote (44399)	10/7/2011 12:26:29 PM
From: Les H	Respond to of 119360

The negative 9 billion dollar POMOs settle today at 11 am. Today's auction is a small purchase. newyorkfed.org

To: NOW who wrote (44399)	10/7/2011 12:29:07 PM
From: TH	Respond to of 119360

NOW, Perhaps. I was willing to endure our recent wacking in gold, silver, and miners with the hope that the monkeys would be washed out. Looks like we picked up another barrel of them on this recent low. Then again, we do not have a market anymore. Actually buying an equity with the intention of holding it is unproductive. We have our Fed and regulators to thank for that. But we know these markets are a complete joke and fraud. So, I will just sit here with an approximately 50% miner position and wait for the monkeys to get washed out or figure out that the money pump is not ending, ever. We are past the event horizon and printing is all the US can do. The world for that matter. Eventually they will figure out that gold, silver, and miners are a true fundamental trade. GT TH