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

To: bullbud who wrote (9263)	4/17/2008 11:46:15 AM
From: RonMerks	Read Replies (1) \| Respond to of 50744

'The buyers who were just shaken out are the "dumb money."' And that's the problem- they just got shaken out. Their blood stains are still in the street <vbg>. And there hasn't been enough time for a 'new story' to develop, and there's only a finite amount of dumb money at any given time in the market. The gold story needs something 'NEW'. It could be that if Oil runs to $125 that gold will then seem cheap to oil- and buyers will buy gold as a laggard commodity. Imagine that- from leader to laggard <vbg>. The 'NEW' story could be a big bank that goes under- and the Fed having to do an emergency cut taking us to a near Japanese 'ZIRP' policy. I think the 'dumb money' (fickle momentum money) is now in the food play and ag plays. Look at this chart. Gold is competing with Oil, Ag names and food commodities, and is lagging them all. I am shorting the broad market today, but as a hedge, I am going to follow Sliders thoughts on how to enter weakness, and am going to 'sell' puts on some semiconductor stocks into weakness, and a re test of the recent bottom before buying shares long. Ron