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

To: Crimson Ghost who wrote (9712)	5/19/2008 8:44:29 AM
From: bullbud	Respond to of 50418

909

To: Crimson Ghost who wrote (9712)	5/19/2008 10:28:30 AM
From: RonMerks	Read Replies (4) \| Respond to of 50418

Re- 'John Hussman has dumped his gold stocks. He will have cause to bitterly regret this IMHO' Who else do you think 'dumped all their gold stocks' as the index corrected from 520 to 380 and gold from $1050 to $850? How the about bugs themselves? Now they're jumping on again as gold chases oil. What Hussman and gold bugs should be bitterly regretting- is not dumping gold at $1000- Silver at $20- or gold stocks above HUi 500. Or buying insurance, or puts before passing our gold, silver and stocks off to the momentum crowd that came rushing in- and then getting paid again- as they rushed out just as fast as they rushed in. Or for not buying them back on the dips and getting ready to do the same thing again (pass them off to the momentum crowd) as gold chases oil higher- and they come pouring back in. Lowes reported negative sales and bad earnings this morning. McDonalds had its first USA same store sales downturn in 5 years. It's common sense that with the refinance ATM taken away- and ramping food & energy prices that the consumer is slowly and surely being ground down. Oil inventories are still flush- even with filling the SPR. Congress is pushing Sheik George and the Cheney-Halliburton cartel to stop filling the SPR, pressuring for higher margin requirements on oil futures, talking about windfall profits taxes on Big Oil- and sabre rattling against the Saudi's. I think 'they' know that people have just about had enough- and I expect oil to correct back to $100 and gold to retrace and follow it as well. So, I'd be using this little gold and gold stock bounce as a trading range opportunity to hand my gold and silver stocks off the momentum crowd that is once again returning. The Fed is done cutting. The dollar has found a bottom. Many of the ag commoditys have corrected. The public and the media are hammering big oil and the US economy is grinding ever slower. Oil and gold have different fundamentals. I dont think the oil-gold ratio is relevant any longer <if it ever was>. Yes- gold will follow oil higher when it gets parabolic- but it will also follow it down just as fast. I guess if you feel oil is going to $200 then you should hang onto your gold- but, to me- its just a trading bounce. What worries me is this conspiracy theory- OPEC is ramping oil to insure Obama's election- and the US pullout of Iraq. $5 gasoline will all but insure an Obama victory. They get rich- they get us out of Iraq- and they speed up the bankrupting of America. The damn Arabs are doing to us- what we did to the Soviet Union. Bankrupting us- with our military spending and using oil prices as a weapon. With the Soviets- crashing the oil price- and with us- ramping them. And we're too stupid to see it happening. Do you think that the Saudi's just may be- putting some of their excess foreign reserves into trading oil? 'The Saudi Put' Think about it- they'd be stupid not to be running up oil futures- its a win-win for them. Did anyone hear the Donald Trump interview on CNBC the other day? He just returned from Dubai- and said that the Arabs are 'laughing at us'- and that's a quote. Now maybe we know why. Heres the trade over the last week to have made instead of gold- or silver- or oil. Still short USO. Ron