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Message: Am I taking crazy pills here?

Am I taking crazy pills here?

posted on Sep 18, 2008 11:53AM

So, let me get this straight: the government has a "new" solution that will magically solve all the market's problems, and everyone believes it, and thus, gold sells off from 910 back to 840. You have got to be kidding me!

Clearly, whatever solution is being proposed, an RTC-type vehicle, can only make the problem worse by printing more dollars, which is inflationary, yet I guess these last two days gold has got a bid from fear of collapse, not inflation expectations. Well, that should be coming down the road...

Sometimes you turn your head away for an hour, see the DOW gain 400 points, see gold fall like a rock in one hour after rising the most in one day the day before, and you think you're taking crazy pills. Anyone else on them?

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