Another day, another problem. "Morgan Stanley -- the venerable Wall Street institution and one of the last two US investment banks left standing -- had lost massive amounts and was fighting for survival. Media reports were saying that it was even in talks about a possible bail-out or merger. Rumor had it that possible suitors might include Wachovia or China's Bank Citic."
I say PM's are going to continue being pushed up for the near term. The fed and other central banks dumped almost 1/4 trillion dollars into the markets again last night.
I believe that gold and silver will remain up as long as the banking and insurance firms are in deep sh**. The Stock market is going to take a BIG, I mean very BIG hit starting with yesterday and will continue for over a week.
JMHO
Pat Vetter,Mercury Dime registry set,1938 Proof set registry,Pat & BJ Coins:724-325-7211
Smittys
Posts: 9,876 ✭✭✭✭✭
Comments
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
"Morgan Stanley -- the venerable Wall Street institution and one of the last two US investment banks left standing -- had lost massive amounts and was fighting for survival. Media reports were saying that it was even in talks about a possible bail-out or merger. Rumor had it that possible suitors might include Wachovia or China's Bank Citic."
I say PM's are going to continue being pushed up for the near term. The fed and other central banks dumped almost 1/4 trillion dollars into the markets again last night.
JMHO