Your Questions About...Gold, Bank of America & Capital One


Time to sort through the Fast Money in-box and answer more of your questions.

Eric from California

Eric writes, “Is now the time to start selling all my gold position or will the commodity bounce back?”

“I don’t think it’s the time to sell," replies Tim Seymour. “Defensiveness and the increase in money supply around the world are two good reasons to stay long.”


Susan from New York

Susan writes, “With the new TALF program, should I be a buyer of consumer credit names like Capital One?”

“Capital One isn’t my favorite,” replies Karen Finerman. “I’d go with American Express because they should be a beneficiary of the TALF.”


Jared from Iowa

Jared writes, “I saw the S&P cut Bank of America’s credit rating today. Should I just cut my losses and get out of this stock now?”

”S&P changes nothing,” says Jeff Macke. “For whatever reasons you're long – don’t change your opinion on this stock because of a rating downgrade from S&P.”


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Trader disclosure: On Mar. 3rd, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (MS), (TM), (AAPL), (MOS); Macke Owns (GE) Puts; Seymour Owns (EEM), (BAC), (FXI); Seymour's Firm Owns (BIDU), (COP); Najarian owns (GDX), (PALM), (BX); Najarian Owns (DNA) Calls; Najarian Owns (DOW) Call Spread; Najarian Owns (FCX) Call Spread; Najarian Owns (GE) Put Spread; Najarian Owns (MS) & (MS) Calls; Najarian Owns (MOS) & (MOS) Calls ;Najarian Owns (V) & (V) Calls; Finerman's Firm Owns (PBR), (RIG); Finerman's Firm Owns (DNA) & (DNA) Calls; Finerman's Firm Owns (BAC) Preferred; Finerman's Firm Owns (WFC) Preferred; Finerman Owns (WFC) Preferred; Finerman's Firm Is Short (IYR), (IJR), (IWM), (MDY), (SPY), (USO), (BAC), (BBT), (VNO)