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


To: SliderOnTheBlack who wrote (8259)3/6/2008 7:02:12 AM
From: Fun-da-Mental#1  Read Replies (1) | Respond to of 50462
 
So you're implying it's time to sell gold soon, when USD gets to 72 (which it almost is already)?

This will happen just after gold has breaks above $1000. I have been wondering how the market will react to that threshold being crossed. Jesse Livermore said he often liked to buy when a stock moved up and reached a nice round number, and it doesn't get more nice and round than $1000. Nevertheless my finger remains close to the sell trigger.

Fun-da-Mental



To: SliderOnTheBlack who wrote (8259)3/6/2008 9:49:12 AM
From: surelockhomes  Respond to of 50462
 
Yes, Louise Yamada did mention a short term target of 72 for the USD, but she also said the "puck" would continue on down to 60.

cnbc.com

>>Did you see Warren Buffett guest hosting on CNBC?
He talked about - "skating to where the puck is going
- not to where it is."<<

Most of it, but I missed that part. That's a good one.

I was under the impression that you mentioned the USD at 72 being a long-term turn number. That that is as low as it would be allowed to go.

Buffet also talked about the USD in terms of putting on weight. It happens slowly over time. The current adMISinstration has put a lot of weight on the old gal, and it doesn't look like she is going on a diet anytime soon.

Thanks



To: SliderOnTheBlack who wrote (8259)3/6/2008 11:19:49 AM
From: Eva  Respond to of 50462
 
<.then all you are doing is swinging in the catbird seat,
watching everyone else skate to where the puck is, and pausing
every now and then, to just walk over and pick up big wads of
cash -- whenever you you want. Big, fat, wads of cash -- left
by those very unahppy, very cranky "real bulls" who
are now chasing the puck. >

Cash? which diminishes day by day ???
I think I rather stay in Gold, ok, giving back some of those fat winnings :), and not have to try to catch the train again, when it continues on it's merry roll :):)