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To: GST who wrote (15517)10/10/2008 1:52:28 AM
From: Amelia Carhartt   of 29401
 
That's the way it is with those bankers. They always land on their feet regardless of how wrong they are. That' because they are always playing with OP money.

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To: Little Joe who wrote (1628)10/10/2008 6:59:26 AM
From: hubris33   of 29401
 
Try UDN if one is looking for an ETF that is double bear the USD. One problem with that one however, the Liquidity is and has been pretty low so it gyrates wildly. Tried trading it earlier in the year and results were disappointing.

Maybe take a look at one of the currencies that might be a winner in the long run when this whole mess settles down? I think Sinclair suggests the Swisse.

Good trading!

H3

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From: Horgad10/10/2008 9:16:05 AM
   of 29401
 
Is it just me or is the new pattern:

1. Market Down, Gold Up, Miners Down
2. Market Up or Flat, Gold Down or Flat, Miners Up

Anyhow GFI is up 11% pre-market. I'll take that as a good sign for today.

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To: Horgad who wrote (15530)10/10/2008 9:36:02 AM
From: Horgad   of 29401
 
So much for the good sign...

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To: Mac who wrote (15527)10/10/2008 1:34:39 PM
From: GST   of 29401
 
<The market is too global now for one country to effect the price of gold for long> Looks like they are doing a pretty effective job this afternoon -- setting us up for a big PR push over the weekend about how the big boys are going to pow wow in Washington and make it all go away.

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To: Horgad who wrote (15530)10/10/2008 2:10:21 PM
From: bull_dozer   of 29401
 
Wow !

Gold Spot (XAUUSDO)	

Open 	High 	Low 	Last 	Change 	Pct 	
915.30 	931.70 	824.70 	843.88 	-71.42 	-7.80% 

Silver Spot (XAGUSDO)

Open    High 	Low 	Last 	Change 	Pct 	
12.17 	12.24 	9.30 	9.54 	-2.63 	-21.61%


finance.yahoo.com 

finance.yahoo.com 


U.S. Has No Plan to Close Its Financial Markets

bloomberg.com 

Cost of U.S. Crisis Action Grows, Along With Debt

bloomberg.com 

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To: bull_dozer who wrote (15533)10/10/2008 2:26:53 PM
From: Horgad   of 29401
 
It kind of makes one wonder if the paper gold market is about to seize up. I keep watching CEF and GLD expecting/hoping that they diverge from official POG like small bullion has, but so far no love.

What next? Everybody who has been buying physical starts panicking into cash, treasuries, food? I am thinking not, but who the heck knows...

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To: Horgad who wrote (15534)10/10/2008 3:19:37 PM
From: jimsioi1 Recommendation   of 29401
 
Hogard re CEF and GLD

CEF is 50% gold and 50% Silver...more or less, probably about 60/40 today....Its premium to NAV is now in the mid 20s having picked up 6-7 points of premium today...This is where the really scared money is going. The problem is that management of the closed end fund will likely sell shares here soon at these premiums and dump the premium down under 10% again...In a lower market that's the time to buy.....Or if you think the Gold ETFs and the COMEX are about to freeze up, then you don't worry about the premium...

Today's $70 drop in gold and the crash of the Aussie and Canadian dollar is simply amazing...Has me with my hands in my pockets, happily having trimmed some CEF at $11.65 when I had a little concern we'd see this type of smash today..

Silver under $10 and one can't find it to buy....

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To: marcos who wrote (15525)10/10/2008 10:04:27 PM
From: loantech   of 29401
 
Well today we are along ways off of 30 bucks silver. <G> Thanks for the analysis.

GGC cheap enough in here?

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To: loantech who wrote (15522)10/10/2008 10:52:35 PM
From: orkrious   of 29401
 
SA CEO bought 10k shares during today's liquidation

canadianinsider.com 

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