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


To: SliderOnTheBlack who wrote (4217)12/16/2006 10:18:12 PM
From: 8bits  Read Replies (2) | Respond to of 50140
 
Slide ... one comment.. I know you love to short NG and the XNG at certain times but there are other times (as has been happening frequently in this cycle..) when it's best to go long.. the end of September was a good time to go long XNG. Per your own chart in the post below:

"I made a comment in September here:

Message 22800019
9/11/2006 8:51:54 AM From: SliderOnTheBlack "

We are now above the August peak. (Yes I think NG is too high given the weather but I have been amazed at the amount of consumption given the price and heating degree days..)

By the way, I wasn't just using the "brilliance" of hindsight. My post to you from 9/20:

siliconinvestor.com

finance.yahoo.com

Definitely beat cash or holding the 10 year bond during the same period.

Really I thought it was an easy layup...

You say Trillions trump Billions which trump Millions.. ? The paradigm is shifting... the Chinese dressed down the US finance boys in public. Pretty easy to do when they the massive reserves like they do. Machinations and backroom games only work well when everyone is playing. There's a new kid on the block and he's making noises about not playing.

economist.com

China's foreign reserves
Who wants to be a trillionaire?

Oct 26th 2006 | HONG KONG
From The Economist print edition
Not China's central bank

BY THE end of October China's foreign-exchange reserves are likely to top $1 trillion, twice their level two years ago and more than one-fifth of global reserves. This handsome sum would be enough to buy all the gold sitting in central banks' vaults (indeed, twice over) or almost all of London's residential property.