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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: TheSlowLane who wrote (90791)	9/6/2007 2:36:42 PM
From: koan	Read Replies (1) \| Respond to of 312954

Thanks TSL. That explains a lot. It seems to me, to be split roughly 50/50 between bulls and bears. I am going with the bulls as my intuition says something bullish has changed (for a week now gold has been moving up with the dollar)in the PM market and I do not see the dollar strengthening very much. I check the correlation between the dollar and gold about 50 times a day and have for a long time. I do not remember this type of correlation divergence for a long time. Even in small moves. Gold may also be folowing oil which is looking to trend higher. But I am mostly just playing a few leveraged positions: MR wts, K wts, EPM wts and have cash, so I can wait it out. Also, given the wildcards of a possible bombng of Iran, China stepping on the dollar, or some other debacle I cannot forsee I want to be positioned. From a fundamental point of view, both China and India are flushed with cash and buying gold big time. Chinese are also restricted to investing in their stock market, so many may buy gold. Although they will soon be able to buy the Hang Seng. I should buy calls on the Hang Seng-lol.