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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 422.21+1.9%Jan 12 4:00 PM EST
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To: Maurice Winn who wrote (57682)11/10/2009 5:12:18 AM
From: TobagoJack1 Recommendation  Read Replies (1) of 219286
 
you might as well have referenced al greensputin or ben helicopter burnandkaput; for the wastrel you referenced, back in year 2000, mumbled below reference rubbish when gold was ... let me see ... 281/oz,

to be wrong here and there, on this stock or that bond, is one foolish thing; to be systemically wrong and continue to deny for 9 years, is something else altogether ;0)

Message 13824036 (good thing about the internet si, it never forgets)

You can't trade the price of money. GOLD is the most difficult of all things to trade in any environment. The reason is that the basis of all valuation is GOLD and it must fluctuate randomly, because it doesn't have anything but itself against which to fluctuate. That means GOLD price walks the random path. It can trend, but the fluctuations on the trend are perfectly insidious. You always get shaken out. [edit: he must be speaking for himself ;0)]

...

While you hold GOLD stocks the worthless ones buy industrial stocks and they clean up while you GOLD drags because a hunk of metal does not generate future creative activity [edit: the creativity of central banks, parliaments, and corporations are simply astounding :0)]. GOLD has a good chance to make a run until 11/01. Then you have to dump it and probably never come back. The way to play is to hold one of these dogs like NEM and ignore everything until 11/01. I don't recommend that you do that.[edit: nem doubled since those fateful words; i wonder what wasting industrial company he was going on about]
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