Mad Market Monkeys...hear no reality, see no reality, speak no reality...
after_the_gold_rush,
Very apropos screen name by the way...
I was curious relative to your emphasis below:
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i was trying to point out that gold (not gold shares, for once and for all, NOT GOLD SHARES)...might be a different kettle of fish than the HUI index...
you can be long the US dollar all you want, that's terrific for you, i'd rather hold gold...not necessarily gold shares, but GOLD...
lets see how the US dollar fares compared to physical gold from here, shall we ?
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hmmm?
your quote:
"gold (not gold shares, for once and for all, NOT GOLD SHARES)..."
You seem to want clarity for yourself...but, yet you apparently suffer from Mad-Market-Monkeyitis...in that you can not read what is written -- but, instead only what you "wish", or "wanted" to have been written...
Could I have possibly been more clear -- regarding my comments on the US Dollar?
ie:
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Message 22425997
"Now read this twice...and I'll even "underline" it for emphasis so people won't just read and hear what they want to hear":
"This is not somehting that is going to happen overnight...but, the script is being written as we speak"...
"The Bond Market is hated and Cash (USD) is Trash..."
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Message 22443174
"not something that is going to happen overnight" ...but, is on my radar screen, because I LOVE anything that is this universally hated....yes, even Fiat Funny Money.
When, not if... the USD will rally substantially.
Will it be 3 mos, 6 mos, or 2 years from now ?
It matters not.
It only matters when a "discrepancy between price and risk" develops...and that discrepancy is beginning to form.
Is there a single market or media pundit, economist, market maven or trader, that hasn't already written the obit for the buck?
The catalyst on the horizon that may dramatically change the fortunes of the USD is the November 2008 U.S. Presidential Election.
The primary campaigns are now less than 12 months away from heating up and we have the mid-terms in 6 months, in which control of both the Senate and the House may change hands.
Sooner, rather than later -- the market will begin to price in this eventuality."
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It amazes me how complacent and how emotionally stunted the average trader, or investor is...
The vast majority of investors in gold consider themselves...and in fact -- pride themselves, in being contrarians.
IF....and that's a big "if" for many of you...
IF you truly consider yourself a contrarian -- then the US Dollar had better be on your radar screen.
Root for the home team in football...or, root for your favorite on American Idol... not in your investing.
Anytime sentiment reaches the level for ANYTHING -- that it has for the US Dollar...where literally every economist, every analyst, every newsletter writer and market maven have already written the obit for the Dollar ....if you really are a contrarian... you'd better have it on your radar screen and be waiting for that discrepancy between price & risk inflection point.
Let me ask the 'bugs that got lazy, complacent and became myopic -- how the hell did you miss this ?
stockcharts.com
Because that chart -- became this chart:
stockcharts.com
Now compare this chart below -- to the first chart above...and see if you see any similarities...
stockcharts.com
These types of charts and opportunities -- are classic contrarian plays and you'll only find them -- if you're CONSTANTLY looking for them and then are able to set aside your emotions and pre-conceptions.
You will NEVER find them -- by following the herd.
Lead the herd -- don't follow it !
Nay-say the appearance of the US Dollar on the Contrarian Radar Screen -- just as you did the swap from Gold to Palladium and Silver...because that is the essence of the power and the purity of contrarianism...
Now look at this chart for the US Dollar... if the double bottom of USD 80 holds... you could overlay this chart for the US Dollar with the bottom formation for both Gold and Palladium.]
stockcharts.com
-- whodathunkit?
Not you....because you only see what you want to see, hear what you want to hear and read what you want to read.
A great contrarian trade must be hated by the masses, it must be written off by the masses, it must be ignored by the masses and even the mere thought of it -- must be ridiculed by the masses.... and if it is...WATCH IT & PUT IT ON YOUR RADAR SCREEN.
-- because it's when -- not if... you've found a major winner.
tic' toc`
SOTB |
