Depends how much liquidity is required by the instos that are in the firing line.
Lehmans - we'll see tonight, tomorrow and the next imo
Citi - we should know when resets are due (I think this month or next, not 100%)
AIG - anyone exposed
AMBAC - should get some govt backing but not before bond markets are wiped.
The dominoes after that
Not a pretty lineup imo. If your heading into gold derivatives for safety, I wish you well. Gold is still in profit by about US$150 since sub prime first started. Personally think it could drop below this level before any big rebound imo. But DYOR as always.
- Forums
- ASX - By Stock
- GOLD
- time for round 2 the drop to 630
time for round 2 the drop to 630, page-6
-
-
- There are more pages in this discussion • 111 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GOLD (COMEX) to my watchlist
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO
Anthony Noble
CEO
SPONSORED BY The Market Online