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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Taikun who wrote (30813)	4/17/2005 9:35:00 AM
From: orkrious	Read Replies (1) \| Respond to of 110194

I wonder how long it will take to get here: "THEN gold goes ballistic" Greenspan will do all he can to stop this from happening on his watch, so it may not happen this year. I won't be surprised if this past week is looked back upon as the week that the market was removed from Greenie's control. Gold may not go ballistic this year, but I'll be shocked if it hasn't moved well into the 500s. Noland this week said The Greenspan/Bernanke Reflationary Bubble Period (the fall of 2002 to present) will go down as the most unsound boom in history. I think it is quickly becoming apparent to the markets that Noland is right. How about a paired trade: Long gold Short naked GOOG calls...or AAPL I have had your paired trade on since January. Although I've been long miners since early 02, I've been adding shorts all year. I'm short semis, financials, retailers, and homies. I have for me what I consider a very large short position, which has worked out incredibly well. Unfortuately, I have and even larger position in miners. Going forward though, I expect it to be an exceptional paired trade. I've read some prognostications that the HUI could fall to 150 as the rest of the market sold off. Sure it's possible. But I plan to be sticking out bids the whole way down, rolling my short profits into miners. The best returns are made buying stocks during violent corrections in bull markets, not by waiting until they are going back up. The Ormetal stocks you own (and we both like) are very thin and have big spreads (often 5-10%), and sticking out stink bids in selloffs is the best way to buy more. I view the upcoming few weeks/months as the last chance to get cheap shares in what is going to be an incredible bull market.