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

To: SliderOnTheBlack who wrote (1627)	5/18/2006 12:23:25 AM
From: TH	Read Replies (1) \| Respond to of 50509

SOTB, "whodathunkit?" Well, I went all cash last Thursday. Message 22440287 And I sold about 4% of my bullion last week. But I still the like the other 96% and miss the sold 4% so much that I will buy it and maybe another 10% as soon I think POG has bottomed. I don't really care what it costs, for POG at $700 is a steal (in inflation adjusted dollars of course, which are becoming more worthless by the hour). Of course I do not know where POG will bottom, but 610 is a working target at the present time and would make my sales in the $720 range last week worth the effort. The truth is, I was just plain lucky. And, I have pulled out twice in the past six months, and that cost me some upside in the miners. So my hand has been far from perfect during this past 9 month bull run. Still made outstanding returns, as gold has been the best performing sector this year and last. This selloff is a normal, expected, and healthy correction. It does not change anything long term regarding the value of POG and the miners (which will reach lofty valuations before the game is over). Gold is special in times of uncertainty, and we are in those times. And this is very different from the late 80's. Maybe the charts look the same, but the equation is very different. I agree cash is king right now. That won't last if that cash is in dollars <g> I guess the real question is do you wish to go on record now as short gold at $681? Shall we make the period of the bet 6 months and 1 year? And, I'll give you odds of a sort. You can take the short side of the bet and also select any other investment that you think will outpeform gold or the miners over the same period. If you win either one of the bets, you win the total bet. If we split at the six month and year measurements, then we will combine the two periods and tally the total percentage gain or loss. Shall we make if official, set in stone, and incontrovertible? GT TH