Baba 2
I have no way to force people to buy or sell equity; I wish I did. I get more flack from people on this thread, BECAUSE I post the opposite opinion to most here. Over the last few years, I've been long, short {for a small time} and hedged. I do admit to posting many more negative reasons for gold to go down, then up... but I look at others here who post ONLY reasons why gold should climb. I try to act as a counterbalance of opinions. I've only ever laughed at two people outright. {Funny, one has decided to move to Oregon to live out Y2K}
Over the last few years, we've seen gold start many a rally's, but only the one in Aug 98 had 'the' chance of succeeding. When it became clear that the US Dollar was going to survive, that was a sign to get ready to sell gold, gold stocks... etc. Yet, we see GATA, and their supporters gathering to mount a bullish attack on GOLD. Why? They only have an unproven short position as reasons. This is contrary to the economics of gold, and currencies. And if GOLD is a most preferred currency, then it to must obey the rules of monetary & fiscal policy. So what growth does GOLD have, none? Fiscal policy is good though. But monetary policy that neglect growth will abbey to other growing currencies. But when deflation is rampant, gold rises. Are we in deflation, not in USA. But look over the Atlantic and you can see deflationary pressure.
quotes.reuters.com
Reread the posts, and ask yourself how many said the US dollar was dead, just 6-8 months ago? Blind believes are the fallacy of the uniformed investor. They want to believe that a stock will climb; they hope that it will rebound; they fear that they will never get out. Question everything, everywhere. As much as I really dislike OLE49r I still have to respect the tough questions that she asked Bill Murphy. I don't agree with many of the questions, but do believe all questions deserved an answer.
Many on this thread believe in GATA, believe in GOLD, and believe in things that aren't true. They twist into the story anything that can't be proven. I tried to reason with many, with facts, they choose to ignore that. And we are competing against each other here. They have on many times told me to cover. Yet time moves on. Timing is what many here suffer from. Yet there are also many here that know much as well: PaulM, Jim McMannis, goldsnow, & Papaya King easily come to mind {and others as well}. They may not agree with the reason I say, or even care... but they do appear to know when gold is about to fall. Or is at best shaky. They go long as well. But yet I've not seen any of them say they are NEVER selling, or dreaming of a $300+ price either.
So you ask:"So when others lose money, it is a game to you??"
Life is a game, for markets to work, people must either make money, or loose money. JP Morgan made millions shorting stocks down to near zero levels. But he did that for investors. The same people who laugh at Internet stocks valuations, are blind to the same Sinicism? I'm sorry you lost money, but maybe this line might help you:
"Many have LOST a fair share of money and are sick of the outright manipulation that's been going on."
Stop blaming others. When I loose money it's MY FAULT.
"Must you continue to be so cocksure of yourself????"
Yes... I've analyzed GOLD to death. This is why I can say that GOLD is correlated to the Canadian Dollar. Funny, over a year ago I proved that on this thread. And if I have to, I can prove it again. Prove is what I require to make an investment nowadays. I've not been short any gold stocks for months now, because:' Gold is entering a transition stage. It could get ugly here... up or down big time' so I choose to sit out and wait. I suspect the US Dollar index to reach 115-120 which could make gold go below $250... but...BUT. I'm not betting on it yet.
Anyway, my posting had the trademark sarcasm attacked:
[8?)
Smile, nothing serious today. |
