Mongoose

A Bear in Bull's Clothing: We're Not Buying This Rally

Prudence is the better part of Valor. Be alert and wise, good trading. JR

Can Selling Options Make You a Better Trader?

If you sell call options against long positions, you can target a profit if the option is called, The premium can reduce cost of your position. If your position goes down then the cost to buy back the option should decline also. Good luck JR

Gold Traders Whipsawed

The Gold market always shakes out the weak holders before a rise and tends to capture them in a correction. If it was easy everyone would be in the gold market. That's not going to happen if history is any indication. May you be blessed with good trading. JR

Three Ways to Take Profit in Gold as Inflation Props Up Prices

I think Yamana (auy) is very interesting along with Gold Corp (GG), and Kinross (KGC). I own each one listed.

Gold: Not a Bubble

One other place to visit for coins etc. golddealer.com , which is California numismatics. I have always had a good experience and fair prices. they ship and insure free if the order is $2000.00 or more. JR

Is the Dollar Rally Over Now?

I fail to see a real value to any of the currencies. It seems to only be a relative comparison of one to another.??????????????... Help.JR

February Wrap-Up: 252 Banks on FDIC Watch List, Gold Pull Back, Dow Declines (Again)

I expect the $900 / $920 area to hold and consolidate. a 100 dollar trading range may be in order rather than wild swings for a short period of time.

Barrick Gold Nails the Hedge

I agree that Gold will be much higher, but I would hesitate to short the dollar. The value of any currency is in relation to another currency and not its true value, and easily manipulated . Stick with Gold. Good Luck..............

Will Silver Now Outperform Gold?

Naidle, I'm charting, PAAS, SLW, & HL. My thoughts are as listed. PAAS is breaking out, SLW is looking to and HL has to recover from missing a debt payment but has been punished for that . HL could be a longer term speculation on a recovery from these depressed levels. Hope this helped.

Gold Will Shine in 2009 (Part II)

This article is dead on. As time passes Gold will rise in all currencies and will do so in spite of efforts to control the price rise.


On Jan 24 08:05 PM Roger Knights wrote:

> Rolex18K wrote:
>
> "it is weird to predict 1 year in advance."
>
> Nonsense--looking ahead to where long-term macro-economic trends
> are heading is commonplace and respectable. Buffett does it all the
> time. (He doesn't predict exact upside price points and dates, of
> course, but neither did this article.)
>
> "Regarding mining stocks, the insiders of the precious matals mining
> companies don't agree with the price of Gold at this level and the
> [low] stock prices reflect it very precisely."
>
> Ridiculous. The prices of mining stocks reflect market forces, not
> their executives' opinions. Only if there was an unusual level of
> recent insider selling by such executives would such a statement
> that "insiders ... don't agree" be warranted.
>
> "[See] where are they now compared to where they were when Gold was
> 900$ in 2008, you will see the facts. I always say, numbers don't
> lie."
>
> Ridiculous. "The facts" don't come bundled with their implications--the
> latter is a separate matter. No one's disputing that mining stocks
> are sharply off their highs of 2008. But they were high then because
> of speculative excess--it was thought that gold's price would soon
> go "to da moon," and that miners would benefit disproportionately
> thereby. That's because the cost of mining an ounce of gold is a
> large fraction of gold's price, so any increase in that price is
> has a leveraged effect on the miners' profits.) with the deflation
> of that irrational exuberance, miners have declined more sharply
> than the price of gold.
>
> And their price decline hardly implies a forecast that gold's price
> will fall further, or move sideways. On the contrary, when miners'
> stocks are undervalued for a long period in relation to the price
> of gold, as they are now, it suggests that their price is set to
> rise--or at least that a shrinking of the spread is likely. Two or
> three recent articles have pointed this out--see for instance this
> SA article by Andrew Mickey, "Could Gold be 2009's 'Trade of the
> year'?", at seekingalpha.com/artic...
>
> "I don't want to predict 1 year from now but the price of Gold stocks
> reflects price of Gold at 600-700$."
>
> Just because miner's stocks are oversold doesn't mean that gold is
> over-valued.
>
> Toeser wrote:
> "I can see the possibility of a gold rally from a collapsing dollar,
> but not from inflation - at least for quite a while."
>
> I can see a gold rally arising from other causes, such as foreign
> recessions, currency declines, bond rating cuts, or inflationary
> prospects. If such occur, foreign investors will seek a safe haven.
> It's happened in the past week in Europe, with a collapsing pound,
> down-rated foreign bonds, and bad economic news resulting in a skyrocketing
> gold price (up 10% from its low the prior week to $897). It's a parochial
> mistake, but a nearly universal one, even by gold-bugs, to think
> that the price of gold depends on what happens here in the US, or
> to the dollar. If banks, bonds, stocks, and currencies abroad are
> failing or threatened, overseas money will bid up gold's price, and
> that will be reflected in its price in dollar terms. It doesn't matter
> where the money comes from. Gold's price is not just an inverse-dollar
> play. (Recent dollar-divergent price action bears this out.)
>
> I agree that inflation may not occur for quite a while, but the price
> of gold isn't strictly tied to the inflation rate. It can rise when
> alternative places of stashing ones cash (bonds, stocks, and commodities)
> look risky. That's the case today. Even a bank account or a mattress
> (i.e., cash) looks risky to foreigners, because of the chance of
> their currency declining against the world's reserve currency.<br/>
>
> Please note that foreigners don’t have to start buying gold to cause
> its price to rise. They merely need to stop selling it, or reduce
> their rate of selling. European central banks have been scheduling
> sales of about 500 tonnes per year for about a decade. They haven’t
> yet fulfilled their recent quota, or so I’ve read. Why shouldn’t
> they start to feel that moving out of gold and into bonds is no longer
> justified in terms of risk/reward? (There is a major threat of default
> of emerging nations’ bonds. And there is now an eight-year trend
> of rising gold prices. And interest rates on newly issued bonds are
> unattractive.)
>
> In gold’s action this past week, it rose right through the $885-890
> price level without a hitch. This was the level at which a European
> central bank supposedly had placed a huge sell order (according to
> an influential, Swiss-based pundit). Perhaps they cancelled their
> sell order. (Indeed, perhaps the cancellation of their sell order,
> once traders got wind of it, is what prompted most of the price rise.)
>
>
> Even if only China were to reduce its rate of gold sales, the supply/demand
> equilibrium would reset at a higher price level. Increased investment
> demand for gold isn’t required as a driver for there to be a major
> gold bull market.
>

Welcome to 'Ermflation'

I have often wondered how NERO could sit idly by and fiddle while ROME burned. Now I know because I have seen with my own eyes over the past 8 years. If you live long enough all questions will be answered. Hopefully we will learn from our mistakes.

The Real Rationale Behind Current Supply and Demand for Oil and Other Commodities

I usually find it very stimulating when there are valid pros and cons. Thanks for all the food for thought this year. When everyone agrees LOOK OUT. Happy 2009

Kinross Gold Leads Gold Sector Rebound

One of my favorites. GG,KGC,AUY. also leap options Jan 2011

Hang on to Your Gold

I believe that Dubai has a gold backed currency. however it is only traded UAE. If anyone has any information about this, please publish. Thanks

Citigroup Sees Gold Reaching $2000

There is a lot of food for thought in the article as well the comments. However the picks I agree with, GG. KGC ,AUY, GLD . Good Luck