Re: U.S. government seizes mortgage finance giants Fannie, Freddie
in response to
by
posted on
Sep 07, 2008 04:51PM
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I expect them to try when NY opens tomorrow. The Treasury and Fed will want the $ up and gold down to suggest confidence in their bailout.
Gold in Asia is currently up $12 and silver is up $0.40. If the gains continue when London opens, we could have a great day tomorrow.
This might also be the end game in the interesting scenario jabojaw posted recently, where the big banks that drove the prices down to profit on short positions now drive prices up to profit on their longs: