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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Proud Deplorable who wrote (91200)2/4/2008 12:12:24 AM
From: TH  Read Replies (1) | Respond to of 110194
 
Botox,

How many times in the past three years have I been told that gold is overbought, due to correct, worthless, a relic, yada, yada? About a 1000.

Glad I never listen to this nonsense. I just have to accept that some people don't get gold.

With that said, I see a lot of bearish talk about POG and the miners on SI this weekend. Seems this rumored 77 million dump in London on Friday has many spooked.

GT
TH



To: Proud Deplorable who wrote (91200)2/4/2008 9:59:13 AM
From: Keith Feral  Read Replies (1) | Respond to of 110194
 
I know charts and right now they are on the sell signal. I don't care what what people do, it just seems that people have gotten pretty complacent with gold. Whatever.

I bought some energy MLP's today, so it's not like I'm living in a world of denial about energy inflation. Picked up some positions in etp, hep, bpl, and oks. They all have about 7% yields, which is pretty good. They may not be as high as the canroys, but I lost faith in the hte and pwe last year.