Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (23211)	12/16/2010 4:51:35 PM
From: ecrire	4 Recommendations Read Replies (1) \| Respond to of 29622

Gee, only yesterday you said you were going to add after a 10% or more drop, i.e. a $140 drop in Gold. I guess $10 is close enough.

To: Tommaso who wrote (23211)	12/17/2010 11:56:57 AM
From: Kayaker	7 Recommendations Respond to of 29622

Yo Tommy! I see you're making friends over here too. Hopefully nobody is following your less than brilliant "investing" in leveraged ETFs. "TBT....So far as I can tell, it is not as subject to "leakage" as some leveraged ETFs have been." Message 27029271 "NUGT.... I won't be selling probably for several years." Message 27031868 Dude, do some basic homework. TBT not subject to leakage? Holding NUGT for several years? There are endless articles out there that explain how you'll get crushed in these ETFs if you hold them beyond the short term. The basic math and daily rebalancing alone will kill you. seekingalpha.com seekingalpha.com letstalkfutures.com condoroptions.com As for your holding NUGT for several years, consider the performance of HGU.TO vs XGD.TO if held since Jan 1st, 2008. S&P/TSX Global Gold Index HGU.TO (leveraged 2x) vs XGD.TO (index, no leverage) finance.yahoo.com finance.yahoo.com finance.yahoo.com Doh!