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

To: TobagoJack who wrote (78238)	8/22/2011 9:37:31 PM
From: carranza2	1 Recommendation Read Replies (1) \| Respond to of 218118

pondering, pondering, pondering..... thinking cap on vbg as a general matter, about half of the time i try to do something like take profits, time the market, etc., it ends poorly. convinced the golden bull is alive, just as i was convinced in 08 and held tight, mostly, so i am sticking to my guns, i think. mind you, it's time for a consolidation, correction. there are a huge number of variables this time around.....Europe, qe3, bac, dow, etc. cannot possibly get them all right.

To: TobagoJack who wrote (78238)	8/22/2011 11:58:22 PM
From: Maurice Winn	1 Recommendation Read Replies (1) \| Respond to of 218118

TJ, this stupid gold thing is quite annoying. I now find myself sucked into it too: < on second thought, shall likely do hedge against gold fall this pm as opposed to take gold profit this am we best watch chavez gold xfer, libya gold disposition, and german decision re gold and d mark and euro and such > Because I can't understand all that gold jargon and because the abstruse mumbo jumbo technical analysis with loads of fancy graphs in Kitco.com is beyond me, I decided not to buy it and become one of those gold bugs but to sell it instead. So I am now a buyer of gold [to repay the GLD shares my broker borrowed for me to sell at $184.50 to desperate gold buyers - there were plenty of buyers apparently]. In most businesses, one buys stock and then sells it to people who want it at a later date. But since I don't have a gold vault or anything, it seemed more sensible to sell it to them now, get the money in my bank, then buy it later when I can find some at a good price. $184 is about a tenth of an ounce of gold. I wonder how many ounces of gold GLD has per share. It must be about 10 shares for each ounce of gold in the vaults. This gold thingy is certainly fun. Mqurice