TURK Posted October 6, 2008 Report Share Posted October 6, 2008 Gold spot 858 +22 696336[/snapback] Phat, I was really happy to see the skepticism on the board last night regarding gold. That tells me that we have a long way to go for gold/silver prices. I hope you have some Link to comment Share on other sites More sharing options...
DrStool Posted October 6, 2008 Report Share Posted October 6, 2008 A new special podcast was posted yesterday on http://radiofreewallstreet.fm Special access for Professional Edition subscribers. Link to comment Share on other sites More sharing options...
DrStool Posted October 6, 2008 Report Share Posted October 6, 2008 "Radio Free Wall Street 10/8/2008". Doc, pretty bold to be making predictions that far ahead! :-) 696285[/snapback] Wait--I was only referring to the "10/8/2008" in the link description. 696298[/snapback] wups! OK, I fixed it. Link to comment Share on other sites More sharing options...
DrStool Posted October 6, 2008 Report Share Posted October 6, 2008 Fed's weekly game changes- http://federalreserve.gov/newsevents/press...y/20081006a.htm Link to comment Share on other sites More sharing options...
T_Slim Posted October 6, 2008 Report Share Posted October 6, 2008 Fed's weekly game changes- http://federalreserve.gov/newsevents/press...y/20081006a.htm 696341[/snapback] More Fed shennanigans. May be better to sit on the sidelines today as far as the fraudexes go. All day there will be rumors and Fed announcements to keep the pigs propped up. Link to comment Share on other sites More sharing options...
FauxCaster Posted October 6, 2008 Report Share Posted October 6, 2008 Hilarious cluelessness from congressmen on Crapvision, Rep Norton on CDS: "Why didn't they come to congress and ask for regulation?" Yeah, right, Madame. 'Cause congress really knows how to fix things! Link to comment Share on other sites More sharing options...
phatbubble Posted October 6, 2008 Report Share Posted October 6, 2008 Phat,I was really happy to see the skepticism on the board last night regarding gold. That tells me that we have a long way to go for gold/silver prices. I hope you have some 696338[/snapback] Yessir Link to comment Share on other sites More sharing options...
Lemur Posted October 6, 2008 Report Share Posted October 6, 2008 Yessir 696344[/snapback] Nice bear suck in move this morning before it broke out of the wedge and took off. Link to comment Share on other sites More sharing options...
cwd Posted October 6, 2008 Report Share Posted October 6, 2008 I was reading M2M last night after returning from wife's 50th HS class reunion last night It was an interesting weekend. I want to commend the posters on some outstanding pieces, especially Scully, and am glad to see some old names return. I also want to thank Doc for continuing his outstanding analysis of this terrible situation we find ourselves in. As one mentioned, a number of people on this board have seen this slow motion train wreck developing over the last six years. but no one in his right mind wanted this situation to develope but many are prepared. I closed my last shorts on the open Tuesday morning in preparation to leaving town, but have gold my GLD plus my physical. It looks like we have a lot more downside. I am posting a link to historical data on Gold and silver off of KITCO. Silver actually did worst in the depression than I had remembered. http://www.kitco.com/scripts/hist_charts/yearly_graphs.plx http://www.kitco.com/scripts/hist_charts/yearly_graphs.plx Link to comment Share on other sites More sharing options...
cwd Posted October 6, 2008 Report Share Posted October 6, 2008 Hilarious cluelessness from congressmen on Crapvision, Rep Norton on CDS: "Why didn't they come to congress and ask for regulation?" Yeah, right, Madame. 'Cause congress really knows how to fix things! 696343[/snapback] With people like her making decisions, it is easy to see how we are in this mess. Link to comment Share on other sites More sharing options...
phatbubble Posted October 6, 2008 Report Share Posted October 6, 2008 Does anyone have an opinion on how a bounce might dovetail with the reinstatement of shorting on Wed? Having a tough time imagining a short term bottom with that right around the corner. Link to comment Share on other sites More sharing options...
stevieo Posted October 6, 2008 Report Share Posted October 6, 2008 $900 billion of TAF credit will potentially be outstanding over year end. Is that a lot? That last bit about transferring assets from a subsidiary's MMF to a parent bank is interesting. Just who is it that asked for permission? Are they transferring the MMF crap to the parent bank because the MMF doesn't qualify for the existing laundering operations and they can't wait for Paulson's plan to go into effect? There's already a Fed swap plan for MMFs. They're headed for a 0% reserve solution. Bernanke's answer to the 100% reserve solution. Link to comment Share on other sites More sharing options...
Sudaca Posted October 6, 2008 Report Share Posted October 6, 2008 Brazil is absolutely crashing here.... Currency is down 8% Market is down 7% We're looking at a 15% decline in USD terms here... Man, how the mighty have fallen. Link to comment Share on other sites More sharing options...
Sudaca Posted October 6, 2008 Report Share Posted October 6, 2008 HOLY SHEET Brazil now down +10% in local currency Almost 20% down now in USD Link to comment Share on other sites More sharing options...
ChicagoBear Posted October 6, 2008 Report Share Posted October 6, 2008 Art Cashin on CNBS was sporting a "Dow 10,000" baseball hat. Hillarious! Link to comment Share on other sites More sharing options...
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