HSBC has projected that equity markets will return in September to a frenzy similar to that experienced during the Lehman Brothers fiasco. They attribute their projection to the US economy being in much worse condition than equity markets would have indicated over the last three years. That should be bullish for gold, but Cramer just said that they will make another margin requirement adjustment move soon because GOLD is overheating again. They are going to beat on Gold but the S&P could jump 500 points in one day and they wouldn't do a thing. I understand about counter party risk but isn't there counter party risk when equities rise too quickly?
Posted 08/16/2011 6:17 pm
