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

To: SliderOnTheBlack who wrote (12502)	10/13/2008 9:44:39 PM
From: Fun-da-Mental#1	Read Replies (1) \| Respond to of 50126

Slider, I'm bearish on gold because it has stayed up while other commodities have fallen, because of its safe haven status, but now that the panic is fading, gold will catch up to other commodities on the downside. On the other hand, the commodities that have fallen the most are getting a bounce. JMHO. Fun-da-Mental

To: SliderOnTheBlack who wrote (12502)	10/14/2008 1:51:41 AM
From: lifeisgood	Read Replies (1) \| Respond to of 50126

Anyone else doing any buying, or selling? Put approx. 10% of portfolio in mostly large miners this morning. Expect a sizeable bounce in the near term. best... LIG

To: SliderOnTheBlack who wrote (12502)	10/14/2008 10:06:32 AM
From: SliderOnTheBlack	3 Recommendations Read Replies (1) \| Respond to of 50126

Trading thoughts... Got a nice little opening pop in ABX and gold stocks, remaining DIG & SLX still moving up, SH (short S&P -3%). ABX +5.69 MFN +5.84 NXG + 3.06 GG +2.61 KGC + 5.32 DIG +8.46 SLX +3.42 SH - 3.16 ...although starting to rollover now (grab 'em while you got 'em (profits). I would much rather have seen the DOW up +300 pts, 3 days in a row, versus up 900+ in one day...and then potentially stalling on the news. For commodities, energy was crushed. DUG (short ETF) was up +100% just in October. And now DIG (long ETF) is up 35% in a couple of days. Broad resource stocks also rebounding, while gold and gold stocks are forming a bottom, with some tradeable pops in individual names. Bottomline: Main Street just bailed out Wall Street. And global Central Bankers are injecting an unprecedented level of joint stimulus, cutting rates, and pumping in over one trillion dollars into the global economy. ...and it will not end here. This move was to stop the run on banks, and to inject capital to prop up the insolvency of Wall Street. The next one will be to jump start the weakening economy. Whether credit markets will stabilize, remains to be seen. Of note, the US Dollar was down on the news. Currencies remain the most honest and transparent of markets. This move is just the first of many. And that is positive for gold. The market is starting to recognize the disconnect between the physical and the paper markets in PMs. For those that were wondering whether the Fed would cast worries about inflation aside, in order to save Wall Street, wonder no more... SOTB