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Real estate, Gold, Markets on the Mcalvany show

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  • Thu, Jul 16, 2009 - 10:47pm



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    Real estate, Gold, Markets on the Mcalvany show

Loans are re- defaulting to 50 percent or more. I am quoting this guy from the podcast. "The loan modifications are designed to keep the unpaid principle balances of the lenders loans in tacked while re-levering the borrower. Loan modifications are turning mortgage owners underwater, over levered, renters for life. Unable to sell, rebuy, refi, shop or save, they turn home owners into economic zombies." Unquote

Markets on the head n shoulders, may tank later or retest March lows.

Gold has the head n shoulders also, but it’s directed up, not down. Consolidation for the next huge gain of 50 to 90 percent. 3 to 6 months?

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