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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Real Man who wrote (87663)6/1/2009 6:59:14 AM
From: GROUND ZERO™  Read Replies (1) | Respond to of 94695
 
I would love to see gold trade up and back in the 900 to 1000 range, that would eat up the time premiums in my short calls that I wrote against my long positions just above 900... more money can be made in covered call positions with gold if it moves back and for, this way I never really miss the big explosive move to 1300 and still pocket a big chunk of change, I loaded the boat with gold a couple of weeks ago as I posted here... of course, I don't think the gold market cares much about what I would love to see... people in hell would love some ice water, but it doesn't mean they'll get any...<g>

GZ



To: Real Man who wrote (87663)6/1/2009 8:15:16 AM
From: carranza2  Read Replies (2) | Respond to of 94695
 
Not exactly fumes. Paulson & Co.'s substantial buying has no doubt prompted buying by other hedge funds.

Pretty simple really: there seems to be a concentrated effort to bubble up gold in advance of the first green shoots of inflation. Gold will go crazy when that happens.

Get ready for the gold bubble.