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

To: Terry Whitman who wrote (91498)	11/20/2009 4:23:20 PM
From: Skip Danger	Read Replies (2) \| Respond to of 94695

Terry, I agree. I said here, 3 weeks ago: Message 26074719

To: Terry Whitman who wrote (91498)	11/20/2009 6:42:07 PM
From: fred woodall	Read Replies (1) \| Respond to of 94695

I have to refrain from any comments on gold. I get enough hate mail as it is. Ask GZ. His track record is far superior to mine.

To: Terry Whitman who wrote (91498)	11/20/2009 11:00:29 PM
From: Skeeter Bug	Read Replies (3) \| Respond to of 94695

Terry, i think folks aren't viewing gold so much as an investment, but as collapse insurance. the guy who pays $1150 for gold and stores it is a genius when the banks close and the credit cards are frozen. no, you can't eat it - you need food first. you can't shoot it, you need protection, too. but once you have that, holding dollars is extremely risky with $1.25 million in obligations per american household. i think gold will get hit when the carry trade unwinds. i think it goes down less than the overall markets, though. i also find the stock market much more over valued than gold. gold is still <50% previous highs during a time of turmoil that is a small fraction compared to what we face now. the markets are 2x the PE of their previous bubble high in 2000. that's a 4x disparity when comparing current values to previous peaks. also, the gold stocks aren't trading very well at all - many well below last year's high even though gold is pushing ever higher. that's not indicative of a bubble top. i'm looking into a sizeable bullion purchase right now (collapse insurance) coupled with an IYR and/or RWM short position as a hedge.

To: Terry Whitman who wrote (91498)	11/22/2009 6:20:18 AM
From: GROUND ZERO™	2 Recommendations Read Replies (1) \| Respond to of 94695

The yeller dog appears to be in the final stage of bubbledom- impossible to say where it stops, but time is short IMO. You may be right, but I wouldn't want to be short the gold right now... The chart is pointing to 1300 before any major topping action, and my hunch is that it will likely move much higher than that over time... as we already know, gold reflects the inverse measure of confidence in one's currency, and with all the printing and spending into oblivion there is only one way for gold to go and that's skyward, at least for the time being... So, this may be a bubble if you want to call it that, but this so called bubble will not likely burst until that market reaches high in the triple digits, several thousands of dollars per ounce, at least... that's my two cents... GZ