RE: Holding Nose and ReadyHmmm. Well, I loaded up the truck in Dec. 2008 so I hear you. But, it was a widespread panic at that time. I think EVG got down to .14 canadian. And there was massive volume...While I can't predict what the market will do, I don't sense that a panic will occur this summer. More of a defensive feel...But in Dec. 2008, EVG didn't have much to show. Now, they have a lot more to show. I think the trump card is the Agnico deal. How will that play in the market?
Will the Fed sit back in a big decline and let the market tank, thus another destruction to mom and pops 401Ks? That won't help Obama...The Fed has no choice but to do a QE3. How else will they pay the interest on the debt? It's gonna be a very interesting few months but the Fed could end that with the announcement of a another QE of another name and congress could lift the debt ceiling very soon...