Your Questions About... Gold, Toll Brothers
Time to sort through the Fast Money in-box and answer more of your questions.
Mike from New York
Mike from New York writes, “Why is gold falling? It has always been a safe haven in times of unprecedented crisis but it's not working this way now?
It’s a move to cash, replies Tim Seymour. People are looking to raise cash and they’re doing it by selling gold.
RJ from Colorado
What are your thoughts on Toll Brothers . With a glut of unsold homes and a poor economy how can share prices be above $20.
Toll Brothers is probably a short squeeze play and it you want to play it for that be my guest, replies Guy Adami. But I think there are better places to put your money and I’d stay away.
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Trader disclosure: On Oct.23 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Macke Owns (MCD), (MSFT), (WMT), (SDS), (UUP), (BNI); Seymour Owns (AAPL), (F), (MER); Seygem Asset Management Owns (RIO); Najarian Owns (BNI) And Is Short (BNI) Calls