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


To: c.hinton who wrote (1048)1/15/2006 12:41:01 PM
From: ecrire  Respond to of 50185
 
Agree. While I have nothing against Silver, I think to compare the 1979/80 respective tops in Gold and Silver is misleading. Silver was propelled to $50/oz by the squeeze manipulations of the Hunt Brothers, and subsequently crashed at a percentage rate far greater than Gold.



To: c.hinton who wrote (1048)1/15/2006 12:58:10 PM
From: Jack Be Quick  Read Replies (2) | Respond to of 50185
 
c. hinton,

You tell us that you are a reasonable person and that you are only here because you are interested in investment advice, and I would like to and I am trying to believe you, but you either have not been wearing your thinking cap lately, or you are being deliberately false, and it's wearing pretty thin.

You write "but to say gold was the wrong investment to be in because it only went up 30 percent while silver and paladium went up abit more smacks of...". c. hinton, YOU are the only person saying that. That is not what Slider said in the message that you were originally responding to. You are putting words in his mouth that clearly are not his own and which misrepresent his position. I don't think that is helpful. It's also not very nice..

If you are actually interested in investment topics, here are some comments from Slider's original post (his last message on this thread):

"I don't know what more I could have said - as Natural Gas had clearly become a classic disconnect between price & risk (on the short-side)... especially so -- given the mild winter forecasts for the Nat Gas dependant Midwest."

"Given Silver's historic outperformace of Gold...why would "anyone" -- want to overweight, or even own gold over silver into the maturation/peak of any PM cycle ?
...I asked that very question a couple of months ago."

"Goldbugs are only up + 30-40 points over the HUI's 2003 highs.
That's nothing much to really be crowing about - given the two year timeframe.
There are trades with equal, or better upside and far, far, far -- less risk.
Find them..."

It seems to me that Slider's points are concerned with the historic performance of certain commodity groups over the course of their investment cycle and with the assessment of price versus risk. These are topics that I love to see Slider post on and about which I'd love to see more discussion. Or, c. hinton, what is it exactly that you would prefer that we discuss here instead? Think about it.

Meantime, in the interest of disclosure, I am neither a full-time or professional trader or investor. This is a very limited part-time hobby for me. So, anyone who wants to break my stones because they are a professional trader (with health insurance benefits and income protection supplied by their working spouse) and I'm not -- bite me, I don't care.

In the interest of contributing what little I have to share: I did not short natural gas when Slider suggested it -- not something I know how to go about doing. Probably also not something I'd be bold enough to consider<g>. I also did not invest in Palladium when Slider suggested it. It's not that the idea didn't have some appeal, it's just that I got all excited about SWC and PAL once before in the past and still haven't gotten over that unhappy experience. As I recall, and it's been a while, the SWC management team's performance in that period was less than stellar, and PAL was a small player whose fortune seemed at the mercy of every shifting wind, with big violent gusts rising unpredictably from abroad.

However, I did invest relatively heavily in silver for a time via CDE and PAAS, but am mostly out of those now. CDE gives me the same kind of management indigestion as SWC (PAAS I don't have any qualms about). But the market does not seem to be listening at the present time to the very persuasive arguments one hears about how silver should be outperforming gold. Maybe large, well-informed, intelligently directed players are stealthily accumulating silver, but my silver shares weren't going up. So, I've remained almost entirely in gold stocks. (Yes, I am one of the sheeple<g>.)

I don't necessarily agree with everything that Slider posts; but I do read everything that that Slider posts (thanks again, Slider!) and I get consistent investment value from those posts equal to anything else I've discovered on SI. So, c. hinton, your thinking cap -- please put it on. And don't misrepresent, you're better than that<g>.

Regards,
John