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


To: SliderOnTheBlack who wrote (4024)12/9/2006 6:10:15 PM
From: ecrire  Read Replies (2) | Respond to of 50321
 
Jackie Chan recommends buying gold here based on weekly HUI, XAU breakout. Others feel Gold and US$ Index connection no longer the dominant influence.It will be "investment" buying. I think I'll watch trading early Monday and follow in that direction.



To: SliderOnTheBlack who wrote (4024)12/9/2006 6:33:45 PM
From: Box-By-The-Riviera™  Respond to of 50321
 
you won't make it, so what's the big deal <g>

i eat my sunday popcorn now just cuz its good popcorn.



To: SliderOnTheBlack who wrote (4024)12/9/2006 7:37:24 PM
From: loantech  Respond to of 50321
 
I am a gold bug. In 2005 had a bad year as I told you but am up over 80% this year...... So this past 212 days have been good to me. <G>



To: SliderOnTheBlack who wrote (4024)12/9/2006 11:00:18 PM
From: Fun-da-Mental#1  Respond to of 50321
 
Not gold bugs again ?! Can we talk about something else?



To: SliderOnTheBlack who wrote (4024)12/10/2006 9:00:22 AM
From: Fun-da-Mental#1  Read Replies (5) | Respond to of 50321
 
Actually on second thought the last couple posts here show me the gold bug mentality is alive and well. This consists of:

- always talking up one side of the trade

- thinking they are members of a small group of individuals that has woken up to a reality not grasped by most traders

- warning that the status quo has been maintained by manipulation and is now on the point of collapse

I used to find this kind of talk intoxicating but over the years I have become more sceptical. People with these views are often ahead of the curve, but in the end they tend to be disappointed because their views are too one-sided. Classic example is those who sold the Nasdaq years too soon and then failed to buy at the bottom because they thought it was going even lower.

Some specifics:

I've heard a lot about Asian holders selling T-bills and driving the collapse of the dollar. But consider that if this starts to happen it will also drive up T-bill yields, which will put the brakes on the slide.

How can uranium and zinc go lower? Consider that a major use of zinc is galvanized sheet and rods for construction, and construction is now plunging. And this source shows uranium supply growing faster than demand in the next few years: (see second-last chart at bottom)

uic.com.au

As for myself, what I am trying to figure out now is how bad the present slowdown will be and what exactly will be the effect on the various markets (stocks, bonds, oil, gold, etc). Any views on this would be appreciated.

Fun-da-Mental