Time to sit on the sidelines or time to engage in very short term trading?
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Can’t fault your thinking Glen.
Yet not about to stop adding consistently each week and take advantage of 2010 prices.
I can’t fault your thinking, MNH.
I think the FR is a “private bank”,but really the way I understand it ,the U.S. gvmt. , is basically, borrowing from themselves ,but who are these other people, that lend to the government ,and when do they say ,”you ,know I dont want their risk anymore”, or is this not the way to ask this question?
Cold day in you know where when that happens, the Other
Tomorrow will be a major challenge especially due to “triple witching.”
Good call Al. For some people, sitting on the sidelines will be exactly the right prescription. Just look at the “daily” chart for gold going back to October of 2012 and there is absolutely no doubt that gold is in a very solid bear pattern that remains almost unbroken for the past year. I have serious doubts there is a lot more buying strength at this point and expect a strong pullback is coming. Playing very short term makes the best sense to me right now. I would not be out pricing physical though.
Bird, GOFO is negative again, Premiums are huge in asia and JPM/Scotia/HSBC very low gold inventories. Don’t you think physical could cause paper shorts a big problem here? I am flat after nice day long today BUT think Bears are not done yet (short term) however after one try down to 1300 Gold/GDX 24 i think we rally big thru end year…what do you say to this? Thnx
Thanks Bird. A mans gotta do what a mans gotta do!
ALL HUNKY DORY ONLY BUY NO SELL BUY http://www.youtube.com/watch?v=-HaqwFJj4Z
sorry http://www.youtube.com/watch?v=ja0EeLCraXI !!!!
I’d critique your format/grammar were it not for all the typos in my own extemporaneous postings out here. That said, I enjoy your links; they’re entertaining if not provocative.
luk diss idiot DJ no play diss banker basters http://www.youtube.com/watch?v=vIMwMsY0ndo sorry no funny day never stop !
We are trying to set up an interview with Big Al, Cory and Franky. Should be interesting.
Or how about a round table – Big Al, Cory, Franky and Ann Barnhardt?
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Franky. Why is everything so hunky dory? Do you know something Big Al doesn’t?
i love gold no fore money fore trut fore God .God tell us gold and silver is your money !
Hunky dory?
Trust me, Glen, I have a lot of hope!
99,9 % Underestimate your rulers ! me to !
Ah crap, I was waiting for gold to hit 1000$ as all of you are calling, in the meant time it is starting up and I am left behind….
Don’t worry Rusty. Your chance is still coming. Nothing goes straight down at once.
You shudda listened to franky, he’s been screaming buy, especially yesterday.
Nah. I don’t hold physical anymore. Not worth the time, effort or expense and I don’t believe it can save anyone from an economic meltdown. The only way I will play it now is a short term trade for profit. The raw emotionalism of the gold camp and their lack of perspective makes it an ideal trading vehicle to profit off sentiment swings. Gold starts rising and they all predictably pile back in giving up gains as metals invariably fall against the trendline. Granted it has been easier in the past months. Now a lot of the energy from the retail buyers has dissipated and I am sure the day will come when metals will be pretty much flat again. As Martin Armstrong keeps saying…..the tree needs to be shaken until all the nuts fall out and then gold will be a terrific buy once more. We are not there yet.
And speaking of Martin…..he is quite insightful in my opinion on the topics of potential gold seizures and why you are better off invested in equities. This in fact is my own theme and I was pleasantly surprised to read his thoughts matching my own which I completely agree with. The place to be WILL be equities. They will rise despite falling profits. There is no other place to preserve capital in any case and so flows will move to where investments can be stored and will see share price appreciation based on volumes. The risk to pension funds will come for those who have tied up thier money in various bonds and treasuries and the reason is that investments in corporate equities etcetera will be untouchable. No sane government will attack the business world and destroy market liquidity because the money there is that belonging to the same people who run the economy. It is sacrosanct. Gold on the other hand is a great big fat target. I can almost guarantee it will be subject to seizure in time. That is not the same case for gold equities or mining investments though so it is obvious where the trouble will come. For this reason I have no love of physical but rather prefer the trading vehicles.
For stackers of course, it is time to sit on the sidelines. I will leave the trading ideas up to the experts. I wouldn’t buy phyzz gold or silver near term either, just sit on what I got. The future for gold is uncertain. I have to assume that the debt ceiling debate will continue with no agreements or solutions into the foreseeable future. No changes. Just theatre.