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

To: TH who wrote (1629)	5/18/2006 2:10:58 AM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 50528

re: ["I say if you bet win, place, or show and collect profits, you have made a good bet."] When the "winner" outperforms the "place", or "show" bet by 2:1, or 3:1 ...let alone 20:1....you didn't make a "good" bet. You VASTLY underperformed. Would you forgive your fund manager if he kept coming up with your self-rationalized and deluded versions of a "place", or "show" return as compared to his peer group? I think not. Rationalization, self-delusion and denial by any other name -- are still the same. re: your quote of [" 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."] Hmmm? I think that's the same bet the Peak Oil Permabulls have been in self-delusional denial about for the last 6 years - ie: finance.yahoo.com You know.. you kind of remind me of the bankrupt gambler... the one that wants the house to keep giving him an endless credit line -- so that he can keep betting "double, or nothing" until he finally wins... I think the Gold vs. Palladium/Silver "bet" ended with a "tap out" from the goldbugs here: *********************************************************************************************** Message 22350508 Comparative Returns from September 2005 thru April 2006: Palladium from $180 to $360 = a Double! + 100% Silver from $6.75 to $13 = + 96% ... a near double ! Gold from $450 to $600 = + 33% Oil from $69 to $70 = flat - no gain. Both Palladium and Silver have TRIPLED the gains of Gold since September, 2005... T-R-I-P-L-E-D ! ...while Oil has only returned to "flat" after a significant shakeout... while Natural Gas collapsed 50% in a matter of weeks from its recent highs. To put "that in perspective since September, 2005: If you had $1 Million invested in Gold instead of Palladium, or Silver... then you just left a staggering $670,000.00 on the table ! If you had $100,000 invested in Gold instead of Palladium, or Silver since September 2005 - then you just left $67,000 on the table ! ******************************************************************************************** Gold needs to move thru $1,000 to equal the move that Palladium has already put in the bank. I'd say that's - game, set and match. Good Luck, SOTB