Replies to post #10642 on Value Microcaps Junior Miners

[crk]

Kipp,

Good point about government possibly declaring all the CDS as null and void. That, in my opinion, could begin a cleansing process in the system that is very well overdue. Agreed- that would cause many weak banks, hedge funds and financial institutions to go under and deflate the asset prices further; but as you mentioned that could very well be the final bottoming out process. I would say the government should be doing that now instead of dragging on the inevitable capitulation.

Anyways, I would wait until that happens and remain hedged in my precious metal stock and energy positions with some market/financial shorts, Yen Call and Euro put options.

Good Luck with your strategy.

-crk

[cl001]

Well, this is one of the top news from China. The rumor is that US is planning a war against China or other Chinese interests so China will be forced to forgive the trillions of dollar of debt owned by US. I think Chinese government must feel very nervous after reading this, the chance of China increasing its gold reserve while gold is "on sale" is high. Here is the google translation, it was not well translated, but readable.

http://translate.google.com/translate?u=http%3A%2F%2Fmoney.163.com%2F08%2F1024%2F18%2F4P1QUCUO0025301J.html&hl=en&ie=UTF-8&sl=zh-CN&tl=en


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