Replies to post #23793 on Fiends In Stocks

[DeepBlue1]

I don't think there's any way to even wager an educated guess yet as to which way silver's going to go near term.

Congress thinks they'll have a plan to submit to Bush by the end of the week, but...

the repubs are pushing hard for a deal which offers no transparency, assistance or protections for the taxpayer, and if they get their way we won't even know what we've paid or how much we'll be paying for it for years.

And Bush says he'll veto a bill that has anything other than just a strict wallstreet bailout at which point they'll blame that on the Dems for "playing games", aka trying to protect us at least to some extent and demand to see just what it is we're supposed to be buying and for what price, etc.


Bottom line...it's still a mess and will be for the rest of the coming week at a bare minimum. I'm considering silver as nothing more than a hedge/insurance policy so as to be covered at least a little no matter which way things go.

At this point, uncertainty is still the dominant factor. Seems like the more we find out, the more we realize we know very little about this deal. Bush said he planned on a sprint to the finish. This could be part of that final sprint.

Let's revisit this again at the end of the week. We'll either know more about the details of this deal, or we'll know that we'll never know about the details of this deal. Either way, we should start to get a sense of the endgame planned for us and the price tag attached to it.