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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Boolish who wrote (200977)7/16/2011 12:55:01 AM
From: dara  Read Replies (1) | Respond to of 313046
 
I think the Americans' gold is approximately 1% of their debt assuming their debt is $147 trillion and their gold is worth $459 billion (but we could probably argue about how much debt they have).



To: Boolish who wrote (200977)7/16/2011 12:20:49 PM
From: 31Floors  Read Replies (3) | Respond to of 313046
 
Boolish,

Do you subscribe to Gartman? When the MSM reports on Gartman's opinions on gold, I shake my head constantly. Am I being unfair? Generally, it seems to me that if I were him, I'd be biting my lips the next time a reporter calls.

31



To: Boolish who wrote (200977)7/16/2011 7:45:42 PM
From: Terry Maloney  Respond to of 313046
 
With all this craziness about the debt ceiling down in the states, I'm thinking a few crash puts might be in order.

Curious if you or anyone is up on Canadian options. I've usually traded American options for the liquidity, but that might be zero sum if the US dollar crashes in this scenario ...


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