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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Snowshoe who wrote (44158)	5/18/2005 2:35:45 PM
From: RWS	Respond to of 206085

PLLL looks good here. Candlestick reversal pattern on daily, with successful retest of breakout on 60min chart, stop just under today's low. RWS

To: Snowshoe who wrote (44158)	5/18/2005 5:00:50 PM
From: SliderOnTheBlack	Read Replies (3) \| Respond to of 206085

O/T RV short cover rally is too little, too late. You should have allowed yormonhoj the honors, you stold his thunder (vbg). re: REALITY. finance.yahoo.com But, as in the Oils... presently; I don't have any dog in the fight; for once again I am a card-carrying, Flat Waving, Conspiracy Theory believing, Pom-Pom Waving Goldbug. I covered virtually all of my RV & Oilpatch shorts from April 29th thru May 12th; to raise money to re-enter the goldstocks heavy on their recent capitulation (much worse than Oils)....ie: Message 21320505 ["Got my buying shoes on for that "Wish List" going into the open...nothing has retraced far enough yet from when I re-entered Friday April 29th and Mon & Tuesday May 2nd & 3rd. I closed nearly all ALL of my Oilpatch "puts" yesterday to raise buying power for further weakness in Goldstocks..."] Today I closed out my single largest positon - SHORT - FNM on Bill Gross's piece... as it looks like the SubPrimes, the HomeBuilders and the entire Mortgage/Housing Bubble is going to be extended by a period of flat, to still lower interest rates... ie: Deflationary Credit/Debt pressures. FNM Short has been a very profitable trade....it was one of the largest positions I've ever held in any single stock and Put's levered the move here: finance.yahoo.com I only hold a few final broad market shorts here... but, anticipate adding quite a few more on this DOW Rally... the Economy is still opertating on the last spasms of the debt & credit bubbles fumes. I'll patiently step aside and wait for this DOW Rally to exhaust and then just lean into it on rollover. I think the Dow will test 9400 by years end...and that 1,000 points downside to perhaps a couple hundred upside is looking real attractive from a risk : reward perspective. Interesting scenario here... Debt/Credit Bubble Deflation....Derivative Rogue Wave Risk. Commodity/real world price inflation.... Commoditys, Energy, Food, Housing, Insurance, Taxes, Healthcare, Medical...virtually everything we really spend money on, versus hedonic adjusted, bogus Government Indicators, have all risen in Price and while we have seen a brief pause/contraction in some commodity's... no end appears in sight imo. Real world price inflation vs. Debt/Credit (and WalMart Chinese Goods) Deflation....kind of the worst of all worlds for the Fed ? The Market is Rallying because it appears the Fed is going to pause...again; be carefull what you wish for... because the "reasons" the Fed is going to have to pause; is a bigger problem that the rate hikes themselves. The US Consumer with his/her "0" savings rate and Record Debt & Credit Load that is levered to variable rates was highly at risk to the Fed Hikes, but may have a window of opportunity here to save themselves...literally; via starting to pay down debt and to START SAVING and STOP SPENDING. - that won't be good for Consumer Spending, the Economy, Oil, or the Dow. Today Bill Gross came to and clearly presented a conclusion that many were starting to form...vis a vie the Strong Deflationary pressures on Debt & Credit Markets...bottomline; I think we're entering a period of a few years of very low, to negative real returns from Stocks & Bonds and Gold should glow in that environment. Greenspan may soon be sorry for what he wished for - vis a vie the Chinese re-peg driving the US Dollar lower...today the So Koreans again talking Dollar diversification... Russians paying down debt, accumulating Gold...interesting times...the Fundamentals for the US Dollar aint so good... Oil Bulls had better pray the US Dollar collapses again...and that somehow the US Consumer keeps finding Mo-Credit to fuel Consumer Spending... Right here, right now; I'd rather have the authentic Yellow Gold versus the darker bretheren. We shall see...