For about 12 months now have I been saying that we would “hopefully” get a bounce off the 730 neckline test?
But I had no idea that gold stocks would get obliterated beyond all common sense for a friggen 38% retrace in gold. This has been totally nuts!

Looking at the chart the test is passing and gold stocks recognized that today perhaps?

From nov 6th

“as long as 727 holds I figure we are going to 1206 as stated for over a yr now., ”

arch0708.goldtent.net/2008/11/06/pog-28/

so maybe we are heading to 1206ish now, the ihs po? I dunno but 727 provided a springboard today as the usd was very overbought. ….maybe

hgu.to was up 50% today wow!

Paulson is feeling a bit of envy and jealosy today.  This guy Geithner is selected to take his place and the market jumps 500 points.  Every time paulson speaks it drops like a stone.

Although it probably won’t make alot of difference I’m gratified that Geithner is not from Goldman Sachs.  Maybe he’s from a satellite branch of the cabal but at least he’s not from Evil Central. 

Just happy that everyone is breathing better and can relax over a weekend for a change. Darn good job for everyone who Held the Line”

Big time short covering maybe?

Same with the dow. Financials did squat right?

I would be shocked any of this lasted than more then a few days, if that.

It rallied because they named a different dipshit to be treasury secretary?

If you think the gold stuff goes up without the dow/s&p then all will be good. If not, get ready for another kick in the teeth next week.

from Nov 14th

“Watch for 784 as res/support comming up soon. with the channel and 50dma in play imho”

arch0708.goldtent.net/2008/11/14/pog-res-o-nance/

doesnt get much better,will 784 get tested now?

Same here, not a lot of change….Some guys got there asses in a trap thinking never another bad day. I’ll just wait and probably pull the trigger on just in time deliveries. Some of those early purchasers may be trying to unload at any price as spring rolls around. I got pinched a couple of years ago on early purchases of Roundup. Used to these markets were stable enough to make an intelligent decision on early prepays. I’m tired of the guessing game. I appreciate the info!

All the best.——aggie.

Now Margaret, we are more interested in his background than just a pretty face! 

“Geithner has helped lead U.S. efforts to combat the deepest financial crisis in seven decades, helping oversee the decisions this year to take over American International Group Inc., rescue Bear Stearns Cos. and leave Lehman Brothers Holdings Inc. to fail.”

“As head of the New York Fed, Geithner has served as the central bank’s top liaison with Wall Street. Geithner oversaw meetings at his bank to attempt to head off Lehman’s failure in September, later hosting gatherings on how to resolve AIG.”

“Geithner is no stranger to Washington or the Treasury. Before taking over the New York Fed in 2003, he spent most of the previous 18 years working in the nation’s capital, first at Kissinger Associates, then at the Treasury and finally at the International Monetary Fund.”

(quotes from Bloomberg)  

globaleconomicanalysis.blogspot.com/

The Community Bank closed, 20th failure of the year

By John Letzing, MarketWatch

Last update: 6:33 p.m. EST Nov. 21, 2008

SAN FRANCISCO (MarketWatch) — Loganville, Ga.-based The Community Bank has been closed by regulators, the Federal Deposit Insurance Corp. said late Friday, marking the 20th bank failure so far this year amid the ongoing financial crisis.

All of The Community Bank’s deposits have been transferred to Tappahannock, Va.-based Bank of Essex, the FDIC said, and all four of The Community Bank’s branches will reopen Monday as Bank of Essex.

The Community Bank had total assets of $681 million and total deposits of $611.4 million as of Oct. 17, the FDIC said.

Bank of Essex purchased roughly $84.4 million of The Community Bank’s assets and paid the FDIC a premium of $3.2 million for the right to assume the failed bank’s deposits. The FDIC said it would retain the remaining assets “for later disposition.”

The FDIC estimated that The Community Bank’s failure will cost its Deposit Insurance Fund between $200 million and $240 million. The Community Bank is the third Georgia-based bank to be closed this year, the FDIC said.

and I think “The Source - by circuit city” should be on there as they are  owned by Circuit City.

It’s been hard, but already there’s a spring in my step.  It will be hard for anyone not to take notice now.

Shame on you!  How could someone with such a nice face be a crook?

the fertilizer here hasn’t gone down any. i guess maybe the fertilizer manufacturers pulled the same trick as everyone else and purchased long term supplies at the top.

i think next week will see a couple of days that are really wild. probably lots of folks still have to change sides.

rno

You..who just put up a link to 8 chimps dancing to “Lord of the Dance” are going to wait for confirmation …I will increase the prozac level till you hit the buy button..Haaaa