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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: chainik who wrote (387)	8/12/2005 10:23:56 AM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 50650

chainik re: expectations of a major leg up in gold/goldstocks: I am not bearish on gold, or goldstocks. I bought them to hopefully be able to sell them higher...ideally, much higher....and right now - they're "much higher" from where I bought them - so they are getting Ka-Chinged. I don't know about anyone else... but, it seems to work pretty well for me when I buy goldstocks when no one else wants them, when they are being dumped and are very CHEAP relative to Gold....and then sell them back when everyone wants to buy them back again + 40,50 points higher and when the shares are no longer cheap relative to Gold ? The HUI popped +40 Index points in just 20 Trading Days off of the bottom ( HUI 165-205) - when the vast majority of the Pom-Pom waving Goldbulls here of late, were poo-pooing the bottom and virtually the entire "V-Bottom" Rally off of it ? After that intial Rally, we've only moved up another +13 HUI points ( HUI 205 - 213) here. I don't know about anyone else... but, that first move had a little better ROI for me...especially with June/July "Calls" that I had to sell a bit higher - since that's when they expired...that turned out to be a pretty good trade (vbg). Most Tree's don't grow to the Sky in a Straight line...not Oil, not Gold, not Google. There will be retracements and "this" particular Goldbull isn't ruling out another "SMACKDOWN" by the Commercial's and the Central Banks...technically there is a tremendous Bear Trap possibility. Maybe I get to buy them back cheaper.... maybe I buy them back higher; or maybe I find something else with even more attractive possibilities ? We are just going to have to wait and see. There are many great trading opportunities developing here... Gold and Oil aren't the only tradeable Sectors. In 2004 and into this Spring the single largest position in my portfolio was SHORT Fannie Mae/FNM...I was able to rollover a couple of very nice PUT positions and it turned out to be one of the single most profitable Trades I've ever made on a Portfolio Weighted Basis. This Spring, I caught a nice short Trade in the RV Stocks... got a nick out of the Homebuilders, caught the Oilpatch for a decent nick atop their run this spring.... picked up a few bucks Short some subprimes. Once again... when the entire market is running towards one, or two Sectors that are getting all of the headlines and all of the money flows... there are other Sectors that are being ignored and that are underowned and cheap relative to risk:reward. US Deficits widening, Interest Rates Ramping, Oil/Gas Prices Ramping...but, yet the Dow, S&P & Russell 2000 are still near highs - I don't know about anyone else...but, rising rates & ramping Oil/Gasoline Prices are usually not indicative of Broad Market Highs being maintained ? I am buying a few Palladium positions on a - "when, not if" play on Incremental Substitution as the spread between present Platinum Prices and Palladium is very attractive and as Platinum inventories get worked down there should be a nice move back to Palladium for Catalytic Converters etc. I am building PUT Option positions in the broad market and having just an initial fishing line for a few Put's & Short's if we get a little profit taking on the Oilstocks. ...I'm thinking that there just may be some "leverage" on the Darkside for the Downside to the broad market. And I do have another %5 Chunk of my goldshares for Sale at HUI 223-225 today...get 'em while they're "cheap" - they could be 228-233 on Monday. Call me Direct - 1-800 Got Gold....and save the "commission" (vbg) ~ Just received some verrrrrry interesting reports on my old friend Fannie Mae to read... just a few Billion here, a few Billion there...pretty soon it just may add up to "real money"... Good Luck All, Slider