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Friday, 08/26/2011 10:14:30 AM

Friday, August 26, 2011 10:14:30 AM

Post# of 101798
Market looking sick. If Uncle Ben annouces nothing but allowing us to be Japan Part Deux then I suspect the market corrects. The next big hit will be the start up of Europe breaking up with the weak countries falling out of thge Union. Kind of doubt Germany wants to hold their water. THree recent signs of trouble at BOA. 1)Fannie Mae buys 500 million of mortages from them after the CEO meeting with the White House. 2)BOA sells off it's credit card unit in Europe which was a money maker. 3) Buffet whilst bathing (sure) decides he'll get a sweetheart 6% preferred stock deal and float $5 billion to BOA. Could BOA be nationalized soon? We all know it is way to big to fail. What will all this do to Gold? Are we really printing paper or are we selling debt. No huge signs of inflation. What if what Uncle Ben is really worried about is Deflation like Japan? Are interest rates being under 4% spurring home sales? Why not? Is it because people have no money, because loans are to hard to get with 20% down, or are many just waiting for them to come down even more. If we have delation versus inflation what will that do to the price of gold?

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