has the fed gone too far to turn back?, page-4

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    Hi Thorburn,

    Thanks for the article I have printed it as I will be in the Doc’s waiting room later and it should make for better reading than the out of date golf magazines.

    I see you decided to close out your short gold position an excellent decision in my view. I must give credit where it’s due and compliment you on your reading of the situation.

    Last week I thought we decided to agree to disagree do you now agree we may well both agree and that we may see a further rise in gold now that the last months COMEX has rolled over?

    How do you see the current US bond situation developing, will they allow it to crash or more to the point what could they do to mitigate this and still maintain their zero interest rate policy. The whole US situation appears very precarious to me and gold is just about the only decent protection I can think of.

    By the way my little gold share punt is not looking so shabby after four days.

    Cheers and best regards: Andy
 
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