NOWHEREMAN

Gaza War: Expect a Spike in Oil, Gold

Scotty 1560: DZZ has been around for less than a year but you can definitely get a reading from it.

Higher highs and higher lows since introduction.

Gaza War: Expect a Spike in Oil, Gold

Kelly Lieberman: sorry about misspelling your name. Hope you don't take it personally but an apology is all I can offer.

Relmor: disinformation is one thing, outright lies are another. IMO

Gaza War: Expect a Spike in Oil, Gold

Kathy: excerpts from comments made on July 4th,2008.

If there is a dollar rally I expect it to move from 73 to 80.(boy was I off then, but new figures make for new projections)

....longer term 40-50 is foreseeable.

I was a big time Bull on oil and gold in June, July, even Aug. of last year. Do not believe what you are told by someone else. My posts are there for all to see.

Times change, I saw the chart patterns change but since 90% of my portfolio was in the Canroys and I was playing with the house's money on them, I was willing to ride it out.

I will not stupidly distrust my charts again.

Gaza War: Expect a Spike in Oil, Gold

De Graaf: I said gold rose a few percentage points while the Dollar rose to multiyear highs. The Yen rose against the dollar. I suggest you use common sense. Do your own research. Dollar beginning and close of 2008, ditto gold and the Yen.

Figures Don't lie. Reality VS projections, I'll take reality.

Kathy: I'll be holding Gold, oil, silver, various long ETFs and ETNs.

I just do not consider the deleveraging process to be over, so I expect the dollar to rise to at least 92, possibly Parity. Given that this is my belief, I don't see a reason to change my holdings.

I have a Dollar stop loss, 78 from where we are. I am not risking a lot.

The scenario you paint is a Gimme. What you say WILL occur, eventually. I projected a USD drop to 40, months ago. That is my ultimate target. I will find that comment for you if you so desire.

We agree on direction, we disagree on timing.

IMHO

Gaza War: Expect a Spike in Oil, Gold

The key is really the USD which rallies in times of war. The Georgian mini conflict is similar to the Gaza incursion and the Dollar which was still quite weak over Christmas stabilized and started rallying last week with a push to the upside on Jan.2nd.

A lot of people have been rabid in their outlook for Gold.
And they should be as prices of finished goods start to rise, but they aren't, YET.

The implosion of everything financial during the fourth quarter of 2008 should have led to soaring gold prices, it didn't. That is a major problem.

Most comments were in the vein of "look at the strength gold has while the financials crash. Its only down 15% from its highs."

Gold should have been soaring primarily because it is perceived to be a Currency. Mr. Pinelli was totally right on this aspect, but I missed the implications at that time.
Gold should have risen against All currencies, it didn't.

Gold struggled and wound up the year only a few % higher, meanwhile the USD rose to multi year highs.

If the last quarter can be considered a guide, dollar strength will equate to weaker gold.

Like an earlier post commented, there are no oilfields in Gaza. IMHO

Don't Miss the Coming Gold Bull

Glad to have you onboard January.

The credit default swaps, CDS, are alive and still toxic.

Every now and then a little more gets priced.

Perhaps, you are thinking in terms of the Auction Rate toxics which are supposedly being covered by various underwritering companies as part of State Legal settlements. It wouldn't surprise me if institutions were using TARP funds for these settlements.

The next dollar leg up has started.

New Trend for Emerging Gold Producers: Amalgamation

Mr. Pinelli, other than my outlook for 2009 and the irrationality of expecting Gold Bullion to go up 9 years in a row, please point out to me what comments I have made that actually "Bash" gold.

If you mean the ETF GLD, I will bash that left and right.

GDX, DGP, I have no problems with. However, GLD is not transparent enough for me.

Heck, I went totally Bullish on Gold bullion when Bernanke decided to bailout everything. I can lead you to that comment if you wish.

But then the truth isn't part of your Bailiwick.
IMHO

Don't Miss the Coming Gold Bull

Pinelli: Trace and I were talking, you interrupted.

The name is the one you gave me.

You have a Profile. That Profile appears to be entirely fictitious. I have asked numerous times for an explanation.

I have provided a scenario as to how I believe things will unfold in 2009 and Challenged you to provided a counter scenario. Apparently something like that is beyond your scope since " That takes some commitment and more than 2 sentences."

"Silver is virtually the only way to create Potable water."
This is your quote, did you even know the definition of Potable?

You do not provide a single piece of useful information that is not linked to some sort of Rah, Rah for Pinelli.

You did not recognize and understand the Catch-22 comment I left. All that meant to me was that the "investing for 40 years" was another piece of fiction.

A popular 1960s stock was the Colt Firearms Company, they no longer exist. What did they make, other than Colt firearms?

Don't Miss the Coming Gold Bull

Excellent comments by both Asleeper and Goldrunner.

Its all about making selections and taking Insurance against worst case scenarios.

With Gold at these levels, if you are not going to buy the bullion, then gold and silver stocks are the route to take.

I've owned CDE since the mid 70's, seen it as high as $30 +, and owned its convertible Bonds. I dumped the stock after conversion. Bought Bema Gold instead, which was swallowed by Kinross.

CDE, earlier this year, forecast the eventual production of 17 million oz. of silver annually. This would make it the worlds biggest producer by far.

Why is it where it is? It has nothing to do with short selling, insiders have been buying recently, the biggest problem is the location of some of its assets and the number of shares outstanding. With over 1/2 Billion shares and silver at say $10/oz., 17 million oz. is a $170 million dollars, this does not bring a lot to the table when there are 551 million shares outstanding.

CDE has great potential, I would like them to do a 1 for 10 reverse stock split.

IMHO

Don't Miss the Coming Gold Bull

I never said gold would not rise this year, I said it would drop like a rock first. This is in line with my feeling that the Dollar will climb to 92 from the present 80 or so, before it starts its final big down leg.

Deleveraging is not over.

Don't Miss the Coming Gold Bull

Forget about the Rabbit, think more in terms of the Movie: Groundhog Day.

Each day is more of the same, the groundhog comes out, sees his shadow and runs back in. This is my scenario for 2009 until something unforeseen arises.

In 3 weeks, THIS administration will be the Obama administration with all three Houses of Congress under one roof. I can hope that this change will be the "unforeseen event".

Don't Miss the Coming Gold Bull

Michael66: thank you for that link.

Dr. Weiss's opinions have been widely followed for decades. I didn't know he was still in the Biz.

Don't Miss the Coming Gold Bull

Dividendmachine: you made a great choice, others have not been as fortunate. Like those that trusted GM and F.

Dividend Reinvestment and the returns over time with it, sound great when comparing the return on stocks vs Treasuries. You do not assume risk on Treasuries if you hold to maturity.

With any given Stock, you assume the risks of dividend reduction, dividend elimination or Bankruptcy of the company itself.

Over time Stocks are considered to offer a much higher return. The comparisons always use an Index like the S&P. Individual Stocks within the S&P are changed annually, Mergers, Acquistions, Bankruptcies, Price levels too low to remain in the S&P etc.

Like I said, you chose wisely.

Don't Miss the Coming Gold Bull

dawase: I don't know, even when you agree with them on their long term aspirations, it doesn't seem to matter. There is no give, "Its my way or the highway", All of the time.

So for the short term, I look for Gold to drop as the economy gets worse and the Iranian Food and Med. Supply ship is allowed access to Gaza. This will occur within the next few days. It will also have a negative impact on oil. IMO

Don't Miss the Coming Gold Bull

User 301: It was on the fly and in response to some Vitriol from Pinelli and a new poster who coincidently used the exact language as Pinelli.

Neither post exists any longer.

I hope my added response clarifies my stance at this point in time.

Besides, Mr Pinelli had high praises for a Mr. Schiff. Mr Schiff did a 180 recently. Mr. Pinelli now praises Mr. Faber instead.