phlash79

Bespoke's Commodity Snapshot: Key Support Lines Challenged

I'd say the time to buy gold is right after the IMF sells it 400 tons...as of this moment...they haven't reached a decision on the timeline...

Global Precious Metals Correction: Healthy and Overdue

You know it is funny...the FED didn't make the money (30 Billion) banks did it...however their funny money as mentioned above has now been added to our national debt because it will end up being covered...and even that number was probably a compromise...that JPM had to accept...as I have read elsewhere two other potential bidders declined to take part...

The IMF is supposedly going to sell 400 tons of gold...do you think one or more of the members jumpbed the gun...and sold some to support the dollar for their own interests? In addition, do you think some of the banks, dealer/brokers sold off some of their holdings in ETF's and physical gold maybe even leased gold...lol

The BSC transaction will be tied up in lawsuits for the foreseeable future guaranteed...

CIT is failing...

And I agree all the rhetoric on reasons why the institutions went to the Fed Window is just that...they really needed the monies...

Also the Fed loosened up the criteria prior to this weeks auction...sounds like we have found a shortcut to the RTC ...just pick up the mortgages without all the red tape and middlemen...lol

Have a great evening...