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Author Topic: Collapse continues!  (Read 422 times)

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Offline Matthew

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« on: August 16, 2007, 09:34:04 AM »
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  • All markets are tanking, worldwide!

    Asia just had its (and I quote) WORST DAY SINCE THE FIRST TRADING DAY AFTER 9/11 last night.

    The US markets are continuing their plunge -- normally after a day (or MAYBE two) of downward movement, you have "bargain hunters" step in and start buying. But we're in something MUCH bigger than your average "ups and downs" of the market.

    We're in the beginning of a major collapse.

    P.S. The dollar is TEMPORARILY rallying, because so many people are selling stocks (good & bad) and getting cash (US dollars) for them -- which creates demand for dollars (hence why the Dollar is going up in value)  But it will crash too, all too soon.

    Gold just lost $16 in a couple hours!  It's pretty cheap now -- if anyone has some "rainy day" money sitting around, I'd advise putting it somewhere safe, like physical gold (or silver, which is much cheaper)

    Matthew
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    Offline gladius_veritatis

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    « Reply #1 on: August 16, 2007, 09:45:51 AM »
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  • I am hopeful there is a little more time to put things in some order, but I cannot be surprised if it does not work out that way.
    "Fear God, and keep His commandments: for this is all man."


    Offline Matthew

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    « Reply #2 on: August 16, 2007, 11:11:45 AM »
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  • The crash isn't slowing down!

    DOW is now down 320, and gold is down about 25 bucks an ounce! That is a HUGE drop for 1 day. People are selling off anything and everything in a "flight to cash".

    Matthew
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