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

To: SliderOnTheBlack who wrote (2639)	10/8/2006 4:05:58 PM
From: wsw1	Read Replies (2) \| Respond to of 50244

slider, we can play tag all night and day... the bottom line is that you are a charlatan...

To: SliderOnTheBlack who wrote (2639)	10/8/2006 4:33:52 PM
From: wsw1	Respond to of 50244

"The object of investing is to make money. That requires us to buy low and sell high. Right now US stocks are at record highs, long bonds are not quite at a record high but they are very high, and commodities are just slightly off their record highs. No buying candidates there. In markets like this you could either be bold or defensive. I prefer to be bold when others are not and right now there is an oversupply of boldness, so I'm defensive. The ultimate defensive position is cash. For some that means US dollars, or Canadian dollars, or euros, or yen. For me the ultimate form of cash is gold since I believe gold is money, with one big distinction: it is not a floating abstraction created by a bankrupt government supported only by legislation and the confidence of a brainwashed population. Gold is down more than 20% from its highs in May. With the gold price under $600 an ounce the metal is attractive once again, but don't interpret that to mean the gold price could not fall further from here. In the short term the biggest risk to the gold price remains the fact that base metals prices are way too high and when they fall they could drag the gold price down even further. I would be ecstatic if the gold price fell further -- the lower the better. It doesn't matter that my current positions would decline in price because the intrinsic value of the companies I own, and the gold I have, would not change, and the lower the prices fall the less I have to pay for the same intrinsic value. You panic and sell when prices fall only when you don't know the intrinsic value of your investments. When you do know what your assets are worth it is easy to sell them when they are over-priced and easy to buy more when they are under-valued." -Paul van Eeden, "Back to Basics," 8 Oct 2006

To: SliderOnTheBlack who wrote (2639)	11/13/2006 3:45:14 AM
From: hubris33	Read Replies (1) \| Respond to of 50244

LOL! Just noticed.... Love how you ‘backdoored’ me into your rant on TRE, bashing of Billy and the drop in gold price. Too bad you missed the follow up post! Message 22620587 But then again showing just half of the picture makes for better theatre doesn't it? (ggg) DAMN! I hate it when I sell a stock for a profit! Doesn't that bug you when it happens? LOL! But let me tell you a secret about my trading habits...I always trade with stops, so "just in case" there is a spectacular drop in price, I exit well before and don't take the big ride down! After all MONEY MANGEMENT is the Number One rule if one wants to be a trader and survive in the markets long-term! LOL! You should try it some time! Just set level at, say 2% of equity, as the maximum loss on any trade, and then set a stop that prevents a greater loss. If the stop gets hit one takes their losses as to not jeopardize the account and lives to trade another day! (ggg) But now that I am reminded of the Sinclair "put" situation, I have to ask. 1) Did you make any money off of Sinclair and his offer? After all, you could have bought physical, taken Sinclair up on his protective put, sold the Physical and called in the put at the bottom and had your cake and ate it too! I mean really, you spend a lot of energy bashing his views and being a proponent of the downslide, surely you took him up on his 'wrong-side-of-the-market" offer, didn't you? 2) Did you and a bunch of your pro buddies decide to do a "number" on TNX.to to give Sinclair a scare or punish him for his cheerleading? Clearly the stock suffered a greater hit than similar issues and demonstrated an extra 'something' in the September drop. That pattern looked like RGLD did when it got smacked down. Did you make any money off of shorting TNX? (ggg) BTW - is it time now to short gold and gold stocks? H3