obama nations dreams crushed by china, page-8

Siameseparrot, Gold lost 3.3% of its value to-day, that is $28.05. IF u were a buyer at the peak of hysteria at $1,000 in March of 2008 u have lost 17.9% of your capital.

IF u held US$ during the same time period u are UP 13.5% on your capital.

Q.IF what u say is correct why does gold look so bearish and the US$ so bullish on a technical basis?

A. In times of stress big money runs to the US$ for safety and other currencies / gold get clobbered.

A large part of the U.S. bailout TARP funds is in the form of equity investments or loans. At some stage the equity will be sold and the loans called. Many economists are calling for the current recession to end mid way thru 2009. This really IS the best time in many years to start a business as most unit costs are beaten down and labor is available.