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^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Hey.....Neel Kash-n-karri's first day on the job.....hang in there buddy!!! :D Your daddy paulson has a big TREAT for you when this financial grid takedown is all played out!!! :eek:

I have heard about the rumored FED directed week long banking holiday now from 3 separate sources (to include the news that B of A has already made signs ready to be posted if directed). This is a food for thought type thread, to see what plan of action ET'rs would use to handle 7 days of no...

Bombs away day 7, 8, 9, ................So how close are we to the rumored one week long FED directed US "banking holiday"????

Well I have been calling for the $85 level for some time now and I had significant covers tagged as we traded below the $85.75 level today. The demand destruction play is as strong as can be as the markets continue to blowout. This is a key zone from the $85 level to the $77 area, so we will...

As a former Ranger trained US Army AH-1S Cobra Aviator, I know how to properly defend myself as needed.....but you are missing the main point I was trying to get at. I am talking about OVER LEVERAGED "paper" gold position defaults from the broker/institutions. Seen any over leveraged...

Up until the point it is undeliverable. :eek: :p

Cool....smart bet! :cool:

Yes I do......just my opinion based on some gold brokers I pay attention to. Also, it has a lot to do with those who CONTROL the availability for delivery.......if a mass of "paper" holders all want their gold after some significant "event", will they actually be able to get their hands on it??? :)

"More likely, it is a combination of a physical shortage of gold, along with those who hold long positions allocating it to ensure that it can be recovered if the bank that holds it fails, he added." This is the same reasoning that I am in all physical gold for my gold position.....I have...

I personally do not trust the true inventories backing various "paper" gold instruments......I went all physical many months ago.

BZZZzzzzzzzztttt.....WRONG AGAIN! :eek: Take what the market will give you and quit trying to pick a bottom without a proven system based "signal".

Additional Gold news............... http://www.marketwatch.com/news/story/story.aspx?guid=%7B4D7F54D5%2D60D6%2D44B2%2DAFAE%2DB4EA5C2F65CA%7D&siteid=rss http://www.coinnews.net/2008/10/07/us-mint-stops-2008-production-of-two-gold-coins-more-to-follow-4400/...

Sorry but that inventory (when was it last audited???) is not all for sale.

Where is "kash-n-karri"....should be on his leash sitting next to paulson??? :D

All flat now, as the DOW hit the 9600 level (no significant volume coming in as needed for the breakout) I covered my last 1/6'th.....that was it for me today. :) Time to call it a day for the intraday trading.....very nice outside here in Austin today.

Well I aint Quint......I am Brody! :D

We need a good push above the 9620's with massive volume to get a big run imo (short covering rally).

Correct...saw that, but the shark still does DIE in the end.....heheheheehee! :D

I disagree.....they THINK they can, and in the end they WILL LOSE!!! :cool:

Covered 1/6'th of my LONG ES position as DOW prints +130's .........keep running baby! :cool: Holding onto the last 1/6'th for any additional upside move.