Relayer

Odds Favor Shorting Paper Gold

Just because they can post, doesn't mean they know of what they write. Takes an iron stomach and you should have jumped in around $800, but she's going higher. I'm not sure I'd have the nerve to start at these levels as it's going to be a choppy road up. I'm happy to have entered early and intend to ride this one to at least $1400.

Gold has been a great trading vehicle if one is alert and available to trade, by the way. I've bought and sold on dips and spikes such that my return has been 3X better than the actual return on the GLD and most of the miners.

So I'm being contradictory...I'd be scared to get in (probably/maybe), yet I'm long. Best of luck to all.

Let Thornburg's Demise Be a Lesson to You

To state the obvious, most all posters here are quite negative, even at these incredibly low prices...and yes, I understand that zero is a number. I'm holding on to 600 shares bought at $1.34. Seems stupid to sell at this point. So I could certainly lose lousy $800 investment, but then again, the upside could be sweet. Anyone else in my camp? Looks like a crap shoot on crap, but ya never know...stranger things have happened. I bought BSC at under $5 and sold it all at just over $13 before it tanked again. It was risky and certainly lucky, but it does seem plausible and possible that there is upside for the patient.

Free-Falling Gold: Chance to Eventually Load Up Before Next Rally

They just don't get David Nichols! With apologies to Marek Fuchs...yes, headlines can be misleading at times. Interesting chartology, nonetheless.

Dennis Gartman On Gold

Dennis Gartman has been poo-pooing gold in virtually every interview I've seen or read. He cautioned people about it on cnbc's fast money several weeks (and many $'s) ago. The $1,000 siren's call theory may have some truth to it, but I see more of a hiccup after that benchmark, before we go further up. It may require a strong stomach to hang in there, but $1,200+ would not surprise me before we see a significant correction. Keep in mind, the % jump from $600 to $700 was far greater than $900 to $1,000...and so on from $,1000 upward. Just a thought.