Government Stock Buying Operations?

[jd7419]

Quote from benwm:

did you see that move today in gold? I may be wrong too, but I smell something's up and it won't be too long before we find out what.

Very strange action today. Gold shares and the Gdx up 10% on a day when oil finished unchanged. Gold bugs will likely have all types of theories for this move.

 

[Landis82]

Quote from jd7419:

Very strange action today. Gold shares and the Gdx up 10% on a day when oil finished unchanged. Gold bugs will likely have all types of theories for this move.

Gold broke out technically.
And the Funds all got triggered in.
Period.

 

[Landis82]

Quote from benwm:

Guys apparently 40% of all recent volume is in C, FNM,& FRE.

Brett Steenberger suggests it may be coordinated capital infusion in these three insolvent firms (http://traderfeed.blogspot.com/2009/08/recent-concentration-of-volume-in.html)

Something is going on here, it may or may not be the PPT but some sh** is going to hit the fan soon....

Steenberger's analysis isn't even worth reading. He has no idea what he's talking about. Look no further than his quote:

" . . . the directionality of the involvement suggests that large financial institutions are systematically buying the beaten-up shares of the poster children for TARP: C, FNM, FRE, AIG, and the like."

Huh???
The guy is totally clueless.
His entire analysis is based on no foundation whatsoever.
Pure BS.

 

[AAA30]

Quote from Landis82:

Steenberger's analysis isn't even worth reading. He has no idea what he's talking about. Look no further than his quote:

" . . . the directionality of the involvement suggests that large financial institutions are systematically buying the beaten-up shares of the poster children for TARP: C, FNM, FRE, AIG, and the like."

Huh???
The guy is totally clueless.
His entire analysis is based on no foundation whatsoever.
Pure BS.

He could dig a little deeper and suggest that they are doing the same in plenty of other stocks also. But it would still be BS. Lets see how about AXL to support their investments in the auto industry.