Don't Over-Analyze Gold, Just Follow the Charts [View article]
Thanks for the comments. Many ways to play the break-out, I agree. Mad Hedge brings up some excellent points. Any ETF play on this move should be viewed as a trade solely, in my opinion, and dependng on the savvy of the investor/trader, mining stocks or gold coins could be the better choice.
Gold Unaffected by the Economic Crisis? [View article]
Actually the comment refers to the process of sitting in a chair uselessly staring at a piece of gold. Looking at the actual spot value of gold is obviously important. This was an attempt at humor and obviously not clear enough.
On Aug 03 01:39 PM bobsmith5 wrote:
> "I take a gander at it, fairly frequently. Not the actual metal itself > - that would make me strange." > > So, taking a gander at the underlying asset that gives value to the > paper substitute would make you strange? > I think this proves you ARE strange!!
Investing in Currency ETFs: Irony of the 'Bail-Out' Mentality [View article]
Thanks for the comments. The prospects for a dollar turnaround are indeed worth watching here, especially with Eurozone growth slowing. The interesting thing about these "pegged"-dollar investments is that the dollar could rally marginally against the other major currencies and we could still see some appreciation here if the Chinese perform another "one-step" revaluation to curb inflation. My only wish would be that they would eventually offer options on these instruments, but they are still pretty thinly traded as of yet.
Don't Over-Analyze Gold, Just Follow the Charts [View article]
Gold Unaffected by the Economic Crisis? [View article]
On Aug 03 01:39 PM bobsmith5 wrote:
> "I take a gander at it, fairly frequently. Not the actual metal itself
> - that would make me strange."
>
> So, taking a gander at the underlying asset that gives value to the
> paper substitute would make you strange?
> I think this proves you ARE strange!!
Investing in Currency ETFs: Irony of the 'Bail-Out' Mentality [View article]