The right place...the right time

Welcome to the Crystallex HUB on AGORACOM

Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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GWhatesmidgets

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The right place...the right time

posted on Jul 09, 2008 03:29PM

The key to making money in stocks is not to get scared out of them. --Peter Lynch

Posted On: Wednesday, July 09, 2008, 5:32:00 PM EST

$4.1 Trillion Of Drastically Overrated Bonds

Author: Jim Sinclair

Dear CIGAs,

Fanny and Freddie bonds represent 4.1 trillion dollars of issued value now being considered by the marketplace to be four rating places too high. It will be interesting to see what the defrocked bond rating companies do now.

The government guarantee on these bonds is implied, but not set in cement. This could blow the TIC report all to hell which in turn would blow the US dollar all to hell.

For starters, that is good for $1200 in gold.

Here is more kudos for our beloved Geeks and their unregulated OTC derivative crimes.