Friday, March 21, 2008

Gold Etc.




Gold is 910 or so this morning. Going down 10% is no big deal. But in the commodities market it is a big deal IF YOU BOUGHT WITH 10% MARGIN or so. And that's the way 99% of the big boys buy it.

Again, the disadvantage of margin.

http://www.nytimes.com/2008/03/21/business/21commodity.html?_r=1&oref=slogin

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