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

To: SliderOnTheBlack who wrote (19081)	9/8/2009 10:17:29 AM
From: SliderOnTheBlack	6 Recommendations Read Replies (1) \| Respond to of 50397

The Gold & Silver Rally... Just a couple of quick thoughts (still recovering from glorious Notre Dame victory and Labor Day celebration) we can put a man on the moon, can't come up with a hangover cure?!?! My trading thesis has been that silver would lead gold... From: SliderOnTheBlack 8/4/2009 3:31:30 PM "Silver leads... are you following?" Message 25837199 And that silver stocks would outperform gold stocks... SLV is up 3 x GLD this morning and the high geared silver stocks like CDE & HL are up 3 x the HUI & GDX, and even the larger cap PAAS up 50% more than the HUI and GDX, with SLW trailing because of it's share issuance to purchase a 25% stake in Barrick's Pascua-Lima silver production. Now we just need credit upgrades on CDE (and maybe HL) to put the icing on the cake. So, the question remains... take profits, or let 'em run? Two thoughts... 1. Scale out of euphoria just like you would scale in to fear. ...nothing wrong with taking 10-15% off on major gap up open days. Fwiw, I'm scaling out of gold stocks first, and pretty much holding my silver shares, but raising stops -- very tight. 2. And taking "some" profits (especially on gap up open days) is always easy, if there are attractive rotation plays for those profits. And I think two great rotation trades are natural gas and the trade on the global drought/building food shortage via DBA. I'll repeat another trading theme here... I don't think they'll let the market correct until the final vote is taken for Cap & Trade and Health Care. And I wouldn't be surprised to see a speculative spike in Oil to give a little political push to Cap & Trade's passage (and that, along with an anti-dollar/inflation trade) can only help both UNG & DBA, and both are historically cheap here. If Cap & Trade is passed - then, I think we get a major market correction (at least 50% of the move from DOW 6500)... and politics, not economics will drive the market, because politics will be driving economics, not free markets, or capitalism. And PM stocks will correct along with the broad market, unless the US Dollar breaks to new lows. So, don't be afraid of adding some puts for insurance on each stair step higher in PMs. SOTB PS: $20 CDE -- whodathunkit?!?! Message 25684219 SliderOnTheBlack who wrote (17622) 6/1/2009 9:42:57 AM CDE making it's move... Will $16 silver trigger a S&P credit upgrade (and a run to $20 for CDE)? SOTB ------- Run Coeur Run~ just another .50 cents. PPS: And Natty is green again. Is the bottom in? I'd be at least a 1/3rd long position in here and those PUT sales last week were gifts. 30% of strike? - thank you mr. market.