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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: orkrious who wrote (100057)12/1/2008 3:45:27 PM
From: pogohere1 Recommendation  Read Replies (1) | Respond to of 110194
 
Gonna be a December to remember. It appears there's an effort to discredit gold as much as possible while inking up the presses. Works well on the paper markets, so far. Not so good on the physical markets. The twain is on the twacks and heading this way.



To: orkrious who wrote (100057)12/2/2008 12:38:47 AM
From: TH1 Recommendation  Respond to of 110194
 
ork,

That statement is a goldbugs wet-dream, and POG sold off. I really don't know what to make of that.

I like to remind myself that the street was as wrong as you could possibly be about subprime, financials, the homies, and recession, and that is just the short list. Why should I expect this bunch to get it right with POG and the miners. I am the one with erroneous assumptions about what fundamentals should mean and when.

I've made some very nice gains on my miners after the lows, but if this continues tomorrow, it will be time to sell and capture some of the profit. Looks like a retest and possible breach of the recent lows.

BTW, when is someone going to stop Ben and Hank from speaking during market hours? The Ben/Hank sell-off is becoming a very well defined trend.

GT
TH



To: orkrious who wrote (100057)12/2/2008 1:41:40 AM
From: NOW  Respond to of 110194
 
that is just the desired effect imo: WTF?