Thanks Slider, greed under control, working on dream technique...
Was it a song??? "I get a kick out of you"..
<<<Pom-Pom Waving and a Billy White Shoes Johnson End Zone Dance for HUI 150 ?>>>
At the current time I notice those most long metal and miners are making the most money, having the best time....and if they make a show on a day things have gone their way...even if as silly as cheering a sports team....ah, go on and let 'em.....It'll make the TOLD YOU SOs when that big correction comes all the sweeter, right ? Oh and we know it will….
Gold at its highest level in 10 years in JAPAN...relatively speaking that's flying if you will permit my saying. Further to the bubble phase here and now, I hear that in Australia the Perth Mint is going to issue a warrant that will allow the owner to take possession of the gold backed by the warrant any time prior its expiration. The warrant will trade on the Aussie exchange I believe I heard. (Check further for exact details as to issuer, etc.)
Wonder how the NYSE Exchange Traded Funds for GOLD are coming along their regulatory path? Was it the Gold Council that was trying to get those approved...I rather like these golden warrants' issuance...Actually would not the ETF for GOLD be about the same thing. Such will suck up much gold...Rather suspect that'd be bullish...
Does Gold need more speculative marginable vehicles that point and clickers, NASDAQ hacks can play ....CEF the closed end fund has a premium over 20% now.
CEF two year weekly - starting to out perform the HUI...
stockcharts.com[w,a]wacayyay[de][pc40!c10!f][vc60][iut!Le12,26,9!Lj[$hui]!Lb14!Lb14!Ll14!Lya7,14,28!Lh14,3!La12,26,9]&pref=G
Suspect they are coming, those speculator toys and less likely in a straight line but over time they'll propel gold higher. If actual gold has to stand behind that stock certificate and the number of certificates that can be issued is capped by the amount of gold that can be gathered up to back them....that's a bullish investing element being put into the market...Companies can issue more shares, by the millions as we've seen, and the open interest on the futures exchanges can rise without practical limit, but an exchange traded fund or item like the equivalent in Gold of the QQQ or SPY is not going to be easily increased in number....I look forward to there introduction but suspect, though don't know, that there is tremendous organized opposition.
Best of a good Wednesday morning to you....Gold at this time $387.25....
jims101 |
