On Sep 17, 2008, at 10:56 AM, Edmund Storms wrote:
Gold is up also because people are bailing out of paper money. The
financial system is in the precollapse stage and the crew is going
overboard.
Ed
Yes. I follow the Kitco graphs daily, and I don't recall ever seeing
the x-axis price increments in $20 units before. This is shocking.
http://www.kitco.com/charts/livegold.html
I'm wondering if it's the officers, the crew, or the rats that are
overboard so far. I pity all the folks running for office. Someone
is going to have a big mess to straighten out.
Platinum seems lackadaisical:
http://www.kitco.com/charts/liveplatinum.html
yet palladium, also industrial, got the big bounce, though I guess it
is only a retrace of the big drop a couple days ago:
http://www.kitco.com/charts/livepalladium.html
I see money market problem is getting some press now.
http://www.bloomberg.com/apps/news?
pid=20601213&sid=aVh1CGGMHiBo&refer=home
http://tinyurl.com/3rzeqp
Best regards,
Horace Heffner
http://www.mtaonline.net/~hheffner/
