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Gold/Mining/Energy : Canadian Warrants Only -- Ignore unavailable to you. Want to Upgrade?

To: onepath who wrote (20612)	8/4/2011 1:43:48 PM
From: koan	Respond to of 23125

Yep, what a day!

To: onepath who wrote (20612)	8/4/2011 8:40:57 PM
From: koan	Read Replies (1) \| Respond to of 23125

Here we go. Rhetorical; by and large, the fall in gold today was the monster strength in the dollar. WSJ is wrong that is was margin calls, IMO. But gold didn't really drop all that much. Considering how strong the dollar was today, up over 1% ( flight to quality). But as the stock market fell, people fled into the dollar which , as mentioned, was up huge, and as it rose, gold fell. There has been a bit of a change in the last 12 months though. Gold has started to join the dollar in the " flight to quality". So that historical (92% actually) inverse correlation is not as strong as it has been heretofore. I expect gold to increasingly be used as a flight to quality and that inverse correlation to fall. But today the dollar was very very strong. So traders sold gold. Today was clearly the inverse correlation just like in 08. Now the big question is: will mining stocks diverge from the metal like they did on 08, or will the pure strength of gold and questionable dollar be a game changer? I think there is a good chance traders will follow 08 at first, but the pure strength of gold may bring in buyers of gold stocks. For the last many years one did not even need to know what gold had done as they could predict its action based on the action of the dollar. www.kitco.com

To: onepath who wrote (20612)	8/4/2011 10:53:01 PM
From: koan	Read Replies (1) \| Respond to of 23125

This is really good onepath. coug sent it to me. ""Sort of like an old west town, taken over by criminals, but the towns people don't want to recognize the gunslinger as respectable, who can help them out.'' youtube.com

To: onepath who wrote (20612)	8/7/2011 10:23:52 PM
From: whitepine	2 Recommendations Read Replies (2) \| Respond to of 23125

Totally disingenuous claims that you make about the Tea Party and economic terrorism. "when groups like the tea party can gain enough influence to alter the outcome to benefit a few at the expense of the majority mainly thru a form of economic terrorism" ....onepath So, can you provide a link to any of the following? An explicit Senate budget proposal, save for Hussein's that lost 97-0? Senate debate of the TWO Budget Bills that the House sent to the Senate? You can affirm the wisdom of your own posts with answers? And no, we are not interested in ad hominem attacks or other clever rhetorical devices.