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gigem77

09/19/08 8:12 AM

#598339 RE: zab #598338

The fed and treasury are going to have to increase the money supply significantly to fund the "plan". Gold is already 25 bucks off the overnight low. Just some musings.... I bought your AUY.
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zab

09/19/08 8:21 AM

#598340 RE: zab #598338

I asked this question last night, 100 billion here, two hundred billion there, and now upwards of 800 billion to 1 trillion, I am asking a question cause I am totally baffled, where does this money come from, besides thin air. I know this is great for the market when you look at your screens this morning, thats if you were long, but there will also be a brand new problem, there are alot of hedge funds, and shorts who are going to get killed this morning.

I am sure glad I do not manage any real money, cause if you were hedged this morning, and many big funds are, its going to be one hell of a morning you are facing. Just trying to get an order executed yesterday afternoon was tricky enough, Ameritarde was experiencing problems, cannot imagine what today might bring for many trading houses. Yestedray I could also not trust some of the bid/ask spreads, but it was nothing when I look at my screen this morning.

I am annoyed that I din't stay long RDN, ABK, MTG, it would of been nice to wake up this morning to those profits, but do not let anyone kid you, this market is manipulated, and anything but an open market place. Congratulations to all of those who held overnight, I am just so happy that I am not short anything.

I cannot wait till next week, my KGC came back over 15.00, I will hold this one position, and my cash this weekend. My best to all who are long, and always to remember to take profits in this market, and protect your capitol at all times.

zab