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Re: bbotcs post# 79643

Saturday, 08/18/2007 10:09:00 PM

Saturday, August 18, 2007 10:09:00 PM

Post# of 173793
bbots - I think gold is going to be something that people turn to as a safe haven. We are now hearing that some "money market" accounts aren't made up of money at all. I have been buying gold stocks lately. I think gold is getting sold off to meet margin calls and will start to move higher as the dollar moves lower. I think Ben and the Fed will flood the market with more hundreds of billions of $s AND cut rates. We will see inflation spike, the dollar tank, and gold will go up. I can't see any easy way out of this mess as selling begets more selling and the good stuff MUST be sold with the bad. Sorry to sound so gloom and doom but I can't immagine we are anywhere near out of the woods. If the market bounces here and then gets smacked down again....look out!

My 2 cents is that I am better safe than trying to catch the falling knife.

I asked myself if last week seemed like the end of the unwinding of the largest debt bubble in history?.........NOT A CHANCE!

It would be nice if I am wrong....we shall see.

Kipp

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