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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 362.31-1.8%4:00 PM EST

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To: 2MAR$ who wrote (99895)4/13/2013 6:32:37 PM
From: TobagoJack  Read Replies (1) of 217540
 
i stand ready to re-leverage and to reverse this trade Message 28571797 (nov 28, 2012)

<<(3) off-loaded just about all paper silver at hkd 262.40 per oz. the silver were acquired here siliconinvestor.com at hkd 256.20 per oz.

i got impatient, can not be bothered to wait for usd 1.00 per oz profit so am settling for 80 cents, and am too fussed to wait for december so today is just as good. Which probably means silver shall go to usd 40 an oz within 3 months. No matter, am figuring there would be an opportunity to re-enter before year end in time for Chinese lunar new year celebration in feb of 2013. The funds shall go towards the leverage taken on for the engagement w/ the GOLD
mine venture.>>

at that time 80 pennies earned is better than nothing, and the follow-on hkd 56.40/oz saved (current price of paper silver at hk banks hkd 206 per oz :0) savings is better than a lot of other situations, and certainly more satisfying than massive losses.

should i mark to current imputed transaction value of the gold mine acquired w/ the help of liquidating the silver, i would have to write-up the asset by 3.75x.

truthfully? whew ! :0)

short term, trust instinct, and never mind the fundamentals.
long term, trust the fundamentals and never mind the noise.
difficult balancing, and balance we must.

believe the best is still ahead of us in so far as the macro gaming and in/out trading is concerned.

cheers, tj
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