Gold?
Silver?
Oil Stocks?
Homebuilder Stocks?
Home Depot and Loews?
Mortgage Banker Stocks?
Fannie and Freddie?
US Dollar?
Foreign Stocks?
Something seems really funny about this current rally. As in really tempting funny. In ways most wouldn't expect.
Gold at $680 is getting exciting and scary at the same time. Had my finger on the sell button today but took it off. $750 is my sell price mentally, then buy back on a dip.
I also think the dollar implosion may be overdone. Folks over-read Helicopter Ben's remarks, and I think he's going to keep on going.
Let's hear it.
May 05, 2006
Buy, Sell, Short or Hold?
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32 comments:
you've only held gold for about couple of weeks.
Don't watch the Gold price everyday and come back in 3 years to see it way over $1,000 per ounce. Sell when the Gold/Oil ratio is 20.
Good luck trying to time it. You bought at a good price, just hold for the huge gain.
Most people are underestimating how bad things will get.
Bush has racked up a large deficit than all other president combined.
We'll be paying for that for a while.
anon - thanks for the advice. you're right. it's tempting to try to time it, but why not just ride it up and up.
I'll see if I can stomach the ride. Long term, I know where this thing is going.
http://www.altpr.org/modules.php?op=modload&name=News&file=article&sid=
640&mode=nocomments&order=0&thold=0
And then the bastards have the ordacity to publish wage increases of a mere nine cents 9 FUCKING PENNIES and they call this A WAGE INCREASE. mY FUCKING HEALTH INSURANCE for my family plan just went up to $250 bie-weekly..NINE CENTS!!!!!!!!...we are being raped at the well folks...I know we are all human and adults here and a good time is a good time, so I hope you are all enjoying the great fucking we are getting from this administration.
Enjoy your $12 hamburg on your $4.00 bun, on your $30 20lb propane filled grill.
$46 nice cookout for one! I need a drink!
http://www.altpr.org/modules.php?
op=modload&name=
News&file=article&sid=640&mode=
nocomments&order=0&thold=0
try this sorry about that
bork - use tinyurl.com for your links
thanks
ok thank you
Borkafatty,
Here's where you can learn to put links within the text. Readers can click through.
http://tinyurl.com/rrhr8
very cool see that learned something today HAHAH! thanks keith
Keith,
Look at this.
Just how badly is the U.S. borrowing money? According to the Treasury Department, America's first 42 Presidents (from George Washington to Bill Clinton) borrowed a combined total of $1.01 trillion from 1789 to 2000, Between 2000 and 2005, President George W. Bush has borrowed $1.05 trillion -- and he's got a few more years left to go.
This is from a recent Kiyosaki article.
Great picture. It's very telling and oh so true.
keep your money in cash and wait for all hell to brake lose. Everything will soon (US) will be cheap?
why cash?
$25000 gold may sound rediculous now, but it may be a reality within 10-15 years. You may even have $1mil/oz gold if there's a dollar panic.
$1,000,000/oz gold?
Sounds good to me. Maybe even $5,000,000/oz. gold?
Go for it, folks. How can you lose?
Why hold cash when the Fed is running the printing presses at full speed? Greenbacks are flooding the markets and diluting the value of the USD.
euro:USD will be 1:2 by 2008
Gold prices will nearly double
Toll Brothers lowered its estimates today, and the stock price went up with the 135 rise in the Dow!! Is that crazy or what. . .even an anaylst (see marketwatch.com) said, "perhaps a hard landing in housing could happen.". . .Why is the Dow up??? Perhaps Europeans, Chinese and even newly rich Russians (and Canadians) are buying dollar denomated stocks at bargain prices. . .anyone else notice the Canadian Dollar just blew past .90 cents?? a 30 year high. . .of course that is a 30 year LOW for the USD!
The most difficult time will come when the "officials" come to take your gold. These guys think your assets are their assets and those of the U.S. citizens. The huddled masses will not care one wit that you had the foresight to see what the assholes in congress/whitehouse were doing to the U.S. dollar and will support this confiscation.
As far as I'm concerned they will have to pull gold from my cold, dead fingers (and they better be wearing body armor).
GOLD @ $682.40 I here you there ANON, bring big guns! and dont shoot till you see the whites of their eyes.
Why would the government Confiscate your gold? Wouldnt they force you to sell it back?
It's possible that the market is thinking the real estate deflation, even if it happens, won't hurt the economy that much. Several other bubbly markets have had soft landgins, including UK and Oz.
People think that the employment numbers today were a good thing, I think they are forecasting trouble by the 4th quarter.
It's always good to have an exit strategy. To those of you who had
asked the question, "How do I know when to exit my gold positions",
the article below was written in 2004. It did a very nice job of
explaining it.
http://www.kitco.com/ind/Hamilton/sept032004.html
You can skip most of the article and just scroll down to the graph.
What's going today coincides very well with the last secular gold
cycle (1970 - 1981). Today, in 2006, we are in the middle of Stage#2
(global investment demand stage). We'll be in this cycle for 3 more
years. In 2010, 2011, we'll be in Stage#3 (popular speculative mania).
Stage#3 is where the most spectacular gains are to be made.
With today's speed of information, this entire cycle may shorten by a
few years. So don't just count the years but watch for the
characteristics of each of the stages as well.
The FDR confiscation of gold was gold bullion ie bars and coins (though not numismatic coins). Also each person was allowed upto 5oz of gold, so if you spread 5oz of gold between yourself, the wife, 3 kids etc wqell you see where I'm going... Also jewellery wasn't subject to confiscation either, the thing is people will back something where others are being deprived of their stuff, but how far do you think he would have got if people had to give up their wedding rings and the like?
I'm holding gold until the day Time puts it on their cover.
No matter when that is.
Anon, Anon and Anon,
The FDR confiscation was largeley a failure with about thirty percent of expected amount of gold finding its way into Govt. hands.
If it happens again I think you'll find the percentage turned in will be far smaller! I'll throw mine in the river before I let the Feds confiscate it!
Anon, Anon and Anon,
The FDR confiscation was largeley a failure with about thirty percent of expected amount of gold finding its way into Govt. hands.
If it happens again I think you'll find the percentage turned in will be far smaller! I'll throw mine in the river before I let the Feds confiscate it!et the Feds confiscate it!
I shorted Toll Brothers at $34.04. Also bought GLD. Late to the party on both counts, so I'm watching carefully. Almost bought USO, but decided there are too many things that can influence world production in either direction...too many unknowns.
Shorted Toll after the NAR report on new homes...all the headlines talked about sales way up, while they hardly talked about median sale price going down.
Bought GLD because this world is just getting scary. Unlike oil, people buy gold when they want a safe haven...there doesn't necessarily need to be an inflation threat for people to want gold. Long term, I think the dollar will continue to depreciate. If Warren Buffett thinks so, then so do I. He's a helluva lot smarter than all of us put together.
hmm interesting
Where are you gold mongers storing your stash of bars? Under the mattress? Just seems real impractical. And if you want to convert it to cash, who will handle the transcaction? your local bank? maybe i'm just naive and need a little educaiton on the subject of buying gold.
also, when you purchase it (actual gold, not the gold backed paper), how do you carry it home?
On Warren Buffet and the Silver ETF.
--- Jason Hommel of Silverstockreport.com wrote:
Pension fund demand can swamp Warren's 130 mil oz. silver.
Warren probably is behind the ETF's, I agree, because he is connected to the guys who created them: both are from the CalPers, the pension fund of California, which runs into the 200 billion. Warren is connected to that through Arnold, as his economic advisor.
Warren is putting his silver into the ETF, not to sell it, but to allow the creation of the ETF, which will allow other larger investors to bid up the value of silver!!!
Do not expect a slaughter in the silver price. These rumors have it backwards. If Buffet's silver backs the ETF, the price of silver will soar! And here's why:
If the ETF has 1.5 million oz. that will not attract $1-2 billion in buying power.
But if the ETF has 130 million oz. then someone with 1-2 billion might "bite", and push up the silver price.
To catch a large fish, you need larger bait.
Buffet's silver is merely the bait. Just watch.
http://tinyurl.com/psz8r
I was wondering, as we all were, just where that ETF got all of the silver from. It appears that it may have been sold to Barclay's by Warren Buffet. The details of this transfer are still unknown. This may explain the huge sell off action recently. However, the price of silver quickly recovered for those of you with PM envy. (Uknowwho) Only time will tell how the dollar will fare against the white metal.
Tom
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