SB-tiger: I was selling gold at 917 and buying at 838. I own physical so have no problem selling futures. I will probably sell more if I see a good setup.
There are a few reasons I did this. See my previous comments for details.
And please don't misunderstand I think gold is a good long term investment. But either A) the stock market holds above its 2002 lows and now isn't a good time to buy gold as fear levels have already maxed out, or B) the stock market falls below 2002 lows and we're all in big trouble and you might be better off buying long life food and a gun instead of gold.
Gold / Silver Ratio Tops 80 to 1 [View article]
There are a few reasons I did this. See my previous comments for details.
And please don't misunderstand I think gold is a good long term investment. But either A) the stock market holds above its 2002 lows and now isn't a good time to buy gold as fear levels have already maxed out, or B) the stock market falls below 2002 lows and we're all in big trouble and you might be better off buying long life food and a gun instead of gold.
I think A) is the most probable outcome by far.
Metals Manipulation - Or Simply Deleveraging? [View article]
Thanks for the great 321gold.com website.
Gold: Buy Signal Approaching [View article]
Jake2: Personally I like zealllc.com. Their Long Valuation Waves series is excellent, also Real Rates and Gold is good, amongst many others.
But I differ from zealllc.com in that I consider deflation to be a more serious threat than them.
Gold: Buy Signal Approaching [View article]
Can you provide any links to allow verification of this statement?
Wednesday Outlook: Commodities, Emerging Markets [View article]
I plead guilty by the way. Went short S&P500 at 1259 got squeezed out at 1271. Sold all my Yen, have to totally regroup and rethink.
It was an exciting day, great battle.
Why Are Oil Prices So High? Gold Solves the Riddle [View article]