Where are all the gold gurus?

[Hopperbin]

Its pissing me off that i did not buy our canadian bank stocks a few months ago.

[ado089]

I don't know how you can watch a video
like that and take anything positive
from it. What I see is an entire economy
that has been propped up on false
assumption, mostly based on the
misconception that realestate only moves
in one direction. I can't comprehend
how or why people all over the world can
keep getting drawn into this stupidity.
The entire system is set up right now to
destroy middle class wealth around the
world. A correction and a big one is
needed before realestate or land is
worth buying again, we need to get back
to or below the long term trend lines
before it's safe to invest again.

[ado089]

As for your bank stocks, consider this.
Most analysts are calling for a 20%
correction in home prices. That is more
than most people under 35 have for equity
in their homes. Add a little more
interest to those payments and where are
we. Something to chew on.

[errolanderson]

ado089 . . . you are right on-the-money
with your comments.

[cottonpicken]

More like over a 40% drop.Like the us,only our
median price is 50% higher,so we could potentially
see catastrophic losses.

More importantly what are those securities worth on
the banks books?

How many banks did the us lose when their market
imploded,last i heard it was over 500?