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Re: popeyej post# 14215

Monday, 07/14/2008 2:21:07 PM

Monday, July 14, 2008 2:21:07 PM

Post# of 15261
Yeah, it's crazy how things are right now. Bad continues to get worse with the banks. When will it end? The scary thing is that it's probably only just begun.

I thought gold & silver were due for a short-term correction last week, but the oil situation, plus the Fannie Mae & Freddy Mac problem have forced people to turn to the metals sooner rather than later. Looks like the momentum is continuing today.

Also wish I would have shorted LEH when you mentioned it a few months ago. At that time it was over $40/share. Now it's just under $14/share. But in reality any one of them would have been good shorts.
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