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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: jimsioi who wrote (13446)	4/25/2008 9:01:18 PM
From: ecrire	Respond to of 29622

Gold is trading like a currency. I don't expect the US$ rally to last long for the many reasons often cited, so I expect a gold trading (emphasis *trading") rally to ensue this coming week. Bought some GG today and will add on further weakness. Talking of GG, checked my records and see I sold my last GG position at 38.00 on 1/11/08, so in 3 1/2 months since then the stock is back down to 36+.One has to trade this stuff and forget the pie in the sky projections. of course I stay far away from 'juniors' and don't care for Silver either.

To: jimsioi who wrote (13446)	4/26/2008 7:52:08 AM
From: TH	Read Replies (1) \| Respond to of 29622

jimsioi, Interesting comments. I'm leaning towards the small cut and <END?> of cuts being priced in. An SI buddy is convinced the next leg up is actually triggered by ECB and other equally famous central clowns starting to cut as the race for competitive devaluation starts to heat up. I"m not as sure, but it is possible. I hear about some of the major houses using currency traders to manage their pog trading and that screams volumes to me about what they will do if the dollar actually bucks the trend <g> I wish I had more time to really understand the current exposure and remaining resources on the Feds balance sheet. My opinion is similar to what I think Vi has been saying, and that is when the Fed kitty has gone dry, printing may be the next POG trigger. Tough week. I wish I had lightened up, but my trading this year has broken my long streak of good plays and very acceptable returns. The pile of house money has become much, much smaller, and my thinking regarding risk changes as the exposure to my pile draws near. With that said, Freeport and Newmont had real nice days yesterday. PMPIX did well too. That is still a very nice monthly trade for me, even with the carnage. I'm inclined to let it run a bit longer, but I am going to close it at a profit so I'm watching it close. finance.yahoo.com 3.88% finance.yahoo.com 4.02% GT TH