Mervyn King: Not Now, My Darling

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If the stock market continues to aim for a fall-off under the 11,000 mark it is possible that some safe-haven bullion buyers could emerge in time. Provided of course, they have any money left after meeting margin calls from their stockbroker. Watch for an afternoon closing of under $800 and reconcile them with starry-eyed pundits calling for four digits values around the corner. Whatever you do, act on your own convictions. Makes for a better night's sleep...

Happy Trading.