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

To: TH who wrote (20380)	12/10/2009 12:11:20 PM
From: Mike M2	Respond to of 50297

TH, yes it is an interesting possibility. I do not know Paulson's management style but I seem to recall that he was very patient with his sub prime decline positions and I imagine that he understands that the secular long term case for gold is quite bullish. Since Paulson is launching a long gold fund I think many would discount short term tactics.

To: TH who wrote (20380)	12/10/2009 2:25:34 PM
From: SliderOnTheBlack	9 Recommendations Respond to of 50297

Since August 12 there has not been one positive fund flow into domestic equities... "The lack of trust in equities just refuses to budge. Even as the market keeps going up courtesy of assorted low volume buy programs, short squeezes and the occasional 33 Liberty intervention, not only insiders but equity holders in mutual funds are taking every opportunity they get to shift out of speculative "cap gains" products and move into safer fixed investments. Since August 12 there has not been one positive fund flow into domestic equities, with the cumulative outflows now totalling $44 billion and rising, according to ICI." zerohedge.com The reason the above information is important for gold bulls, is because it confirms something I've been pounding the table on for a couple of months... That this market is being propped up, and will not be allowed to correct, until after Obamacare and Cap & Trade are either passed, or given up for dead. And with "Climategate," the Waxman-Markey, Cap & Trade bill may be dead. It also appears they are going to try to end run Congress (and the American people) via the EPA. So once Obamacare is either passed, or defeated, the correction may begin. And that could come over the next few weeks. While gold stocks are not getting dumped en masse, all rally attempts of late are being sold into. It's also obvious that foreign central banks wanted to put a stop to the dollar's slide, which is wreaking havoc on their exporters. While nothing has changed in the long term fundamentals for the US dollar, it's clear there's a concerted effort to remove gold's rise and the dollar's collapse from dominating the daily headlines. And since this isn't the first time gold shares have been in this territory, I wouldn't take on too much risk, or exposure here over the next few weeks, fighting for ground we've already taken on more than one occasion. I'd rather wait patiently for a really attractive risk:reward re-entry buying opportunity, or buy the technical breakout above the HUI 518 prior high. I've got a short trip next week, and will get some updated charts up on my blog for gold and the HUI gold bugs index, by this weekend before I leave. It might be a good time for gold bulls to rest and recharge their batteries, and enjoy family and friends over the holiday. And then - when, not if... the gold bull resumes. SOTB PS: Longwave's "Winter Warning" report on the Fed... zerohedge.com