Friday, October 10, 2008
TODAY WAS A COMPLETE DISASTER
I feel like I just ran a Triathalon backwards. Just an unbelievably dishonest, manipulated catastrophe for all the people who moved into gold to survive and preserve what little they have. One point made today by one speaker on CNBC was that the participants of the G7 are the biggest gold holders in the World and would have sold their gold today before the meeting if they knew in advance what they would do to prop up this crippled, on life support World Economy. Thus the harsh sell off with no respite of over $100 down without any upticks of significance. Talk about Insider Trading. Read Dan Norcini's comments...he's furious about what is going on at the Comex. More later as I have to have a drink and go tightrope walking over a deep canyon.