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
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"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