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JTJ

10/24/08 8:24 PM

#2322 RE: cdhames #2321

To CDHAMES

I believe the core reason gold is declining and the dollar is rising is Hedge Fund deleveraging. Redemptions are forcing them to sell anything they can sell to raise dollars to satisfy redemptions. And they were big players in Precious Metals & Commodities as well as the Currency Carry Trade (Unwinding of those is why the Yen is soaring). While I believe gold is an awesome long term play due to the coming hyper-inflation, I will wait until Gold (& gold stocks) go into uptrends to get involved. I certainly won't catch the very bottom, but if inflation EXPLODES like I believe it will, I will do very well indeed.

Good luck to you my friend.
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electrius

10/24/08 8:37 PM

#2323 RE: cdhames #2321

I'm willing to wait months and hold a core position for years if TAO starts delivering. If there is a kernel of truth in recent pr's, then we should start seeing tangible results in the next 2-3 weeks.

Hopefully the photos will be from October, 2008 when they update the website.