Did the same to Oil and it went..

NumbersUsacom

From 148 to 90 in a short period. Now the U.S. Government is going after short sellers on the
NYSE, maybe we will see a quick 50% increase on the dow and S&P.

Those that fled to Gold yesterday and early today seemed to switch horses mid run when this announcement come out.

Road Runner may have it right- the U.S. Gov does not like Gold going up in any significant way or
is this just an outcome of their overzealous desire to bail out WallStreet and the Federal reserve?

57loaded

i would have to partially agree on both counts

it is hard to imagine such wild swings both ways, yet in turbulent times there are turbulent moves....i have heard the US Treasury Dept is working 20/7 work weeks right now.

maybe the mining stock companies will just shut down to enjoy the festivities and holidays in India for awhile? j/k

FishyOne

100s of billions of $$. Then more 100s of billions of $$. Then more 100s of billions of dollars.

A depression won't happen. and the DOW could hit 12000 tomorrow if this comes to pass. Gold back below 800.

We won't be able to pay the interest on the national debt next year. Where does this lead us? I don't know.

We'll have over a trillion $$ in a handful of companies by the end of the MONTH! Maybe it's for the best but it sure seems crazy now.

Bear

A one day jump in an oversold market, does

not a recovery make. Expect many more down days

to come. The Market may well be overvalued even at

this lower level. To squeeze the excesses out of the market

will be a long and difficult undertaking.

cohodk

<< <i>A one day jump in an oversold market, does

not a recovery make. Expect many more down days

to come. The Market may well be overvalued even at

this lower level. To squeeze the excesses out of the market

will be a long and difficult undertaking. >>





Are you talking about equities or PMs?

roadrunner

Road Runner may have it right- the U.S. Gov does not like Gold going up in any significant way or
is this just an outcome of their overzealous desire to bail out WallStreet and the Federal reserve?

Let's not forget the 2002-2003 time frame when the PPT looked very distastefully at a double digit gain gold day. In fact we all joked that they would not even allow more than +$6 on gold in any day. That held true for many many months as gold tried to move away from $320-$350. They did lose their hold and begrudingly allowed $10-$25 days. And since gold has tripled, this is all in proportion. But $100 swings, no matter which direction are now getting everyone's attention. They are slipping up a bit. Had they not been distracted by having to bail out Fannie, Freddie, and AIG (and dodge Lehman), they would have caught gold before it rebounded much above $800.

roadrunner