OTCPK:NOSOF - Post by User
Post by
LTGoldBullon Jul 12, 2007 7:57pm
233 Views
Post# 13081234
"Valley of Gold"
"Valley of Gold" this the french to english translation for Val d'Or and area.
Mr Nemis must be having troubles in T.O. finding spanish translation for our El Verde results?
Obviously, the man needs admin help (PR Firm), just my reflection and to am getting irritated by the 2 day late emails.
POG looks to have turned the corner, in my view because of the looming crisis just coming to light, the credit debt concerns in the junk market, these sub prime, alt A junk is just starting to be lowered by credit agencies. Many a market participant, states it is such a small area of the mortgage market that it will have no effect.
Good luck, as all these CDO's and mortgage backed securities have been packaged and bought by Hedge Funds who then leveraged these assets, these highly rated securities (at the time) by taking on 10x to 20x times the debt against these assets.
They say the sub prime/alt A market is only 100 Billion of the total real estate market(less than 10%). Nothing to worry about. (in the last year 40% of all mortgages were sub-prime/ alt A)
The leveraged debt (10-20x) only 1-2 Trillion...now there may be some concern.
But Derivative exposure??? no one is sure, only when the cascading effects start it will be to late. POG is going higher!
Had thoughts of moving some NOT, to an actual miner today, but didn't pull the trigger. (ELD, down 26%, Turkey court ordered shut-down of one of their mines, my view only temporary.
Cheers, Mark