Zeev's Turnips Patch-No Politics (ZEEV)

[TJ Parker]

Whether they were making so much money on hedges to begin with, I simply don't know (not privy to that world).

actually, dan posted an article here recently that quoted someone from a bullion bank saying exactly this (that they could no longer make any money from hedges). that's what brought the question to mind ...

This morning's Journal ran an article stating that investors were piling back into stock mutual funds, which is truly scary considering PEs, etc. But I guess some things never change. As more sheeple jump into the market at these levels, I think the chances for a market "incident" increase dramatically.

indeed. well, maybe we get george's blowoff this way.

on the positive side, enough folks pouring into gold sector funds could launch the hui into low orbit ...