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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: carranza2 who wrote (78203)8/22/2011 4:44:38 PM
From: Maurice Winn1 Recommendation  Respond to of 218117
 
C2 I have today shorted GLD to help return gold to a soothing price. Barbarian Aztecs were happy to buy that gold from me. They can now clutch their little talisman provided by me and prance naked around their camp fires chanting imprecations against dollars and poking pins in their voodoo Big Ben dolls, hoping for a return to the 15th century.

There are so many people now digging for gold and expanding production that I guess I'll be able to buy some of the stuff later on, at a cheaper price. It certainly doesn't cost $2000 to get some more gold out of the ground or even to filter it out of ocean water. I could probably make proton adjustments to lead, mercury or tungsten to produce more of the stuff as part of a power station at a low enough price.

Hydrogen is cheap enough so I'll just remove the electrons, accelerate the nucleus of the two atoms and fire them into tungsten nuclei falling in a stream into the path of the hydrogen nuclei coming out of my particle accelerator. Or maybe it would be easier to fire high energy protons into lead atoms to remove 3 or 4 protons to produce gold or platinum.

That would be a high energy business, so I'd have to generate electricity with the waste energy and do it in a cold climate where space heating would be valuable. Gold bugs could live in apartments around the reactor core, enjoying the heat. The electricity would run data centres and their Cyberspace DeVices.

My gold sooths for end of 2011 and 2012 have been far exceeded already in a panicking greed and fear mania. While US$ are hardly the most reliable valuation method on Earth, it's not exactly game over yet.

People want mobile Cyberspace, not gold or US$.

Mqurice



To: carranza2 who wrote (78203)8/22/2011 7:57:54 PM
From: 2MAR$  Read Replies (2) | Respond to of 218117
 
POG just hit $1917 a little while back, so better to hold onto those kruugerrands just a bit longer
(tempting me to sell a couple too ...)
finviz.com

Inverse relationship of POG to Banks , BAC is looking really sick .

* To add insult to injury , Hurricane Irene picking up steam heading towards Miami
(shes just the first )




To: carranza2 who wrote (78203)8/22/2011 8:30:59 PM
From: TobagoJack  Read Replies (1) | Respond to of 218117
 
i am likely to take profit this day

in the mean time, just in

acting man updates:

1. Euro Area - the Pressure Remains On
The short selling ban in several European stock markets has failed to bring about the intended result - instead it has created a host of problems for arbitrageurs and hedgers. Meanwhile, euroland politicians continue to fail to reassure anyone, with wishful thinking and irrelevant blather alternating. A slight exception is provided by Mrs. Merkel who correctly analyzes the problem euro-bonds and other concessions would create. CDS markets and euro basis swaps remain on the edge. Charts updated.

acting-man.com

2. US Stock Market & Gold
In spite of last week's decline, some of the divergences we have pointed out previously have remained in place. Unfortunately the decline in stocks came a bit too fast to qualify as a genuine retest, but trading volume on the most recent sell-off has decreased and the t-note looks ripe for a pullback.

Gold meanwhile continues with its blow-off like move in spite of being quite overbought. We take a closer look at silver's behavior earlier this year, comparing the time periods when overbought readings appeared with the subsequent short term peaks. Interestingly, silver's post crash consolidation is now diverging markedly from that seen after the 1980 high, which indicates that the bull market has some life left in it.

The major currencies dollar and euro have put everyone to sleep lately - this is bound to change. Dull markets often give birth to big moves.

acting-man.com