adwebster...........we've had fears of Fannie Mae and Freddie Mac going bankrupt. To me this suggests the crisis has hit the top. Only thing worse is if the governments are not able to issue any more bonds.
We all know that Fannie Mae and Freddie Mac blowing up would be infinitely worse than the Bear Stearns mess.
Yet gold did not rally on the news.
Crisis might still take a bit of time but this does not mean gold will start surging. It had its chances.
You are one of those gold bulls that EXPECTS gold to go to the moon but is puzzled why gold has not budged yet and gold stocks are dogs. Why why why you ask yourself, things are so bad yet gold is still a dog??? why why why
Now gold bulls are talking depression and that this will finally result in gold prices moving north. Talk about desperation.
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