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Technology Stocks : Max90's LINK STORAGE to stock quotes -- Ignore unavailable to you. Want to Upgrade?


To: Crimson Ghost who wrote (3800)11/21/2008 5:14:17 PM
From: LTK007  Respond to of 3906
 
No comment. i "NOT GURU" forever be. You will be forever "The Guru", you know the answer for everything.

i have no idea why but SWC exploded upwards 49% on heavy volume starting at 2pm. i hope it means something.

i realize if Auto Bailout happens, SWC likely go to 7plus pretty fast.Sustained market rally UYG 10.50 and SWC 7.50 would bring in about 45k.
i will look to put another 100k in if a get my signal of confirmation.Many choices all around from single stocks to UltraLongs. i will still be stay like 60% cash.

i have decided i will be happy if i can merely get 50k out the market going into next year, that will give 10% up for the year--which i can live with --Max



To: Crimson Ghost who wrote (3800)11/21/2008 5:27:55 PM
From: LTK007  Read Replies (1) | Respond to of 3906
 
This indeed could be it, best item i have read in a longtime regards POG i need be ontop of this,CG
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To: TH who wrote (99744) 11/21/2008 10:56:30 AM
From: orkrious 5 Recommendations Read Replies (3) of 99807

from Lance this am:

8:50 EST: Gold Officially Goes Into Backwardation

This morning, gold officially went into backwardation for the first time since the announcement of the Washington Agreement in 1999, which sent gold shorts scrambling to find physical metal after the world’s major central banks agreed to limit sales of gold going forward and ended the one-way trade to the downside in gold that had been in place in the late 1990s.

We know gold is now in backwardation because the gold forward offerred rate (GOFO) has now gone negative. The 3M GOFO has fallen 12 bps to -0.07%, and the 1M GOFO has fallen 20 bps to -0.1167%.

Unlike other commodities, gold very rarely goes into backwardation, and only when 1) the market fears a collapse in the currency, and/or 2) the market is worried about counterparties making good on their promise to deliver gold (which was briefly the case in 1999, when the Washington Agreement was announced and shorts were squeezed).

Translation: Gold is about to meltup, and the dollar is about to have an accident.

Buckle up, gold bulls. Gold is set to blow its top soon in my humble opinion.