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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 408.24+2.3%4:00 PM EST

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To: TobagoJack who wrote (67012)10/8/2010 7:17:32 PM
From: carranza21 Recommendation  Read Replies (1) of 218655
 
therefore adding to my loss severity, I am going to demand that BofA makes up the difference.

Player r is stretching things. If he is not foreclosed, and he is not paying his mortgage, he is staying at his home for free. That's worth something. Demanding something and not paying for it is the road to perdition.

meanwhile gartman called for gold to collapse to $1180-1200 today..

I don't know why anyone listens to him. Out of one side of his mouth comes this, Are the world’s government’s collectively debasing their currencies in rush? Yes, in most instances this is correct, and from the other this However, we are just as convinced that between now and the turn of the year we shall see spot gold trade down to the $1180-$1220 level...

The two statements cannot be reconciled. The factual statement about the debasing of currencies is correct. This is the basis for gold's rise. How can he possibly conclude that gold will go even in the short term while currencies are being debased? This is the primary reason, along with the fact that I cannot market time worth a tinker's damn, that I am not selling gold even though by all accounts it is overbought, due for a correction, bubbling, etc.

He's good for a laugh. I think he makes his moolah from his newsletter. Reading chicken guts will do as well as reading Gartman.
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