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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 366.54+1.2%Nov 5 4:00 PM EST

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To: pezz who wrote (26706)1/8/2008 2:04:09 AM
From: TobagoJack   of 217545
 
hello pezz, today's report:

i just exited my off-balance sheet trade of gold (yeah, had some of that ;0)

one nice thing about off-balance sheet trades is that the profit, when realized, has 'no cost', and even better, the cash can be deflected to any purpose, to either fund more such trades or for madness or for food speculation

on balance sheet paper gold trade remain firmed in position, ready to repel the attackers - unless i get scared out of that to high too fast position as well

so, another good feature of the off balance sheet trade is that it serves as first line of defense against the urge to trade the on-balance wager :0)

a good attribute of the physical holding is that it is like the japanese, in position to fight to the death

chugs, tj
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