SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 386.01+1.6%Nov 12 4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: energyplay who wrote (2211)11/18/2005 5:37:23 AM
From: TobagoJack  Read Replies (1) of 217733
 
<<The hedge funds ...

... look at a list of today's largest winners, and maybe buy those>>

As you know, my physicals are not for sale, and the paper stuff and derivatives are meant to be traded, to gain moolah in lieu of interest income.

I did this Message 21896820 last night.

FWIW, I think we may see gold at 500 before the year is out, but there are risks in the mean time, and there will likely be stalled gold after the mean time.

The primary risk is the fact that the thundering herd (hedge funds) have entered gold space in force, driven to where we already are by absolute panic over the reality that the funds earned on average absolute krap over the course of 2005. Most of them are trying to make up for lost time and fend off redemption. Most of the most are not typical commodity investors, and they will likely decamp as soon as they possibly can ... which is probably soon.

Chugs, J

P.s. physical gold holdings instills a measure of discipline, making sure one is never ever out of gold, due to shear laziness to heft the bulk across town. Amen
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext