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.
Gold/Mining/Energy : Gold & Gold Stock Analysis
GLD 408.23+2.3%Dec 22 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: jimsioi who wrote (13446)4/26/2008 7:52:08 AM
From: TH  Read Replies (1) of 29622
 
jimsioi,

Interesting comments.

I'm leaning towards the small cut and <END?> of cuts being priced in. An SI buddy is convinced the next leg up is actually triggered by ECB and other equally famous central clowns starting to cut as the race for competitive devaluation starts to heat up. I"m not as sure, but it is possible. I hear about some of the major houses using currency traders to manage their pog trading and that screams volumes to me about what they will do if the dollar actually bucks the trend <g>

I wish I had more time to really understand the current exposure and remaining resources on the Feds balance sheet. My opinion is similar to what I think Vi has been saying, and that is when the Fed kitty has gone dry, printing may be the next POG trigger.

Tough week. I wish I had lightened up, but my trading this year has broken my long streak of good plays and very acceptable returns. The pile of house money has become much, much smaller, and my thinking regarding risk changes as the exposure to my pile draws near.

With that said, Freeport and Newmont had real nice days yesterday. PMPIX did well too. That is still a very nice monthly trade for me, even with the carnage. I'm inclined to let it run a bit longer, but I am going to close it at a profit so I'm watching it close.

finance.yahoo.com 3.88%
finance.yahoo.com 4.02%

GT
TH
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News