CNBC's "Boiler Room" Gold Pit Smackdown.
There's no business like like show business...
youtube.com
You gotta love Sharon Epperson's Boiler Room-esque
live CNBC report from the middle of the gold pit, with
traders yelling and screaming, while she reports on gold's
selloff, and a report issued this morning from a pundit
telling subscribers to exit gold.
Why would anyone want to own gold, when you can own a such
broad assortment of toilet paper from all over the world?
All you need to do, is buy some puts for insurance here,
ladder your stops, and trade the channel. You take a little
off into the top of the chanel, and buy 'em back on pullbacks
into the bottom of the channel. The puts bought at the top,
and on break outs above the channel, allow you to make money,
or off set your losses, if you get stopped out on a break
below the current uptrend.
Gold is up against virtually all currencies. They're no longer
creating billions out of thin air, they're creating trillions.
KEY CONCEPT: This is structural, not cyclical.
Things are broken and are beyond fixing.
This is all about extend and pretend, and they even admitted
as much about the PIIGS bailout.
Darwin has spoken, are you listening?
SOTB |
