Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: habitrail who wrote (29018)	3/4/2003 3:24:49 PM
From: SliderOnTheBlack	Read Replies (3) \| Respond to of 36161

re: ["why are you so uptight? Are you short gold and mad cuz it won't tank?"] ...not uptight at all, quite the opposite actually...I'm merely enjoying twisting the knife a bit here & there. I'm not short "Gold" as in bullion; but I am short "CEF" as a no-brainer, thinking-man's premium laden proxy. I am not presently short any other goldstocks; but would not hesitate to short broadly into momenteum here at any moment - for a quick trade. And as far as Gold "NOT" tanking ? - I would say that as far as bullion is concerned; a $50 selloff certainly qualifies as a "tank" in most peoples vernacular ...although we can agree to disagree on the actual semantics. As for the stocks - many, if not most now need 30,40-50% upside from here to merely return to prior highs...RGLD is not the first, or the last stock that Institutions & Hedge Funds are going to just dump overnight as the War/Terrorism Hedge gets unwould here.... and given the capture of Khalid Shaikh Mohammed - the architecht of the Sept 11th attacks, as well as the attack on the USS Cole...the dynamic of the War/Terrorism Hedge in Gold - is about ready to quickly change imho. If Bin Laden is alive...we are cutting off right-hand man, after right-hand man... we just caputured innumerable unidentified "family member courriers" along with incredible communications intelligence in the Shaikh-Mohammed capture...and the noose is tightening ever smaller. It is not unreasonable to raise expectations to a level that in perhaps as soon as 90-120 days; we may have BOTH Bin Laden dead, or in hand & Saddam dead, exiled, or removed from power. And then you must ask yourself this anticipatory question: What is the single most important component to a global economic recovery that is so badly needed here ? ...cheap oil. 1. Saddam taken out = blow to WMD development, distribution and elimination of the #1 source of financing for Global Terrorism. 2. Allows US control of Iraqi Oil for War Cost Reparations, along with the prerequisite Oil Price stabilization needed for being the catalyst to global economic recovery and physically puts us in the Saudi's backyard.... where the message is now loud & clear: a. Open the spiggots - now b. Stop sponsoring Wahabbism c. if not immediate compliance of a+b...the CIA begins to leak the already incredibly damning evidence to the American Public and the blackmail paying/double dealing little dessert dog-Saudi Royal Family; will be proven to be part of the Global Terrorism Problem & not part of the Solution...and we'll be stabilizing (occupying) the Saudi Oil Fields within 6-9 mos of their failure to say "how high" - when we say jump... There will be no move by OPEC to trade Oil in Euro's, or Gold... it will stay good ole' fresh-green inked-hot off the presses USD's. The tolerance of price fixing/extortionist OPEC has ended....put a fork in 'em - they're done. Beware the Trap Door, beware The Bag...the worm has turned...the sleeping Giant has once again, been awakened & we're killing 2 Big Bad Birds with one powerfull stone here... We're cutting of Terrorism at the head & insuring copius amounts of free-flowing CHEAP OIL needed as a catalyst to global economic recovery. tic-toc`