I did it again...

[Shard]

i went long on GFI and HAR just before the first bailout plan was announced, still profited after it went down in flames. I went long again 2 days before the second one was announced. Took a heavy knock today, just hoping the same will play out again. Shame though, could have bought even lower than I did. Anyone got any opinions on the gold at $1000 by year end story? I think today put a serious hole in that idea.

[scandal]

yes the gold story has been tested but that is just dollar strength. if the bail out plan is passed by congress their currency should weaken. However be careful since if i read it correct part of the plan is to allow for oil exploration offshore on the west coast of America. That is one way of reducing their dependency on oil imports. It will mean pressure on oil price and most commodities.....

[_nova]

Shard, read this before you go long anything...Worry Is DEFLATION And GE's Credit Market Woes at http://www.cnbc.com/id/26996410