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  • Calling It Quits on Gold, Platinum - It's Time to Go Financials! [View article]
    Let me count the ways, The Fed lowers rates and says the System is still under Stress, The Treasury says we are closer to the end...lets count 1+1=0...the Financials are waiting for another shoe to drop...it will be bigger than all the rest put together...

    At the end of the first quarter...170 Billion in Level 3 Debt sitting on the Books of Goldman,Lehman,Morgan.... those three...

    Level 3? Mark to Fantasy or we don't have a clue as to what they are worth, so we will hide it here and pray.

    When this stuff hits the Fan, and it will, the only thing worth holding will be hard assets.
    May 03 17:08 pm |Rating: 0 0 |Link to Comment
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