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


To: Hawkmoon who wrote (80308)9/25/2011 12:07:24 PM
From: Rolla Coasta  Respond to of 217734
 
Message 27659914



To: Hawkmoon who wrote (80308)9/25/2011 3:58:54 PM
From: Maurice Winn1 Recommendation  Respond to of 217734
 
Hawk, it doesn't look parabolic to me: < no one here can assert that Gold hasn't gone parabolic and is likely to rest and consolidate for a year or more. > It looks more exponentional, hyperbolic or even asymptotic, or, dare I say, Calabian. As in extra-dimensional. Another world. mathworld.wolfram.com Or, as Uncle Al KBE our great, estimable and venerable idol would say, the world of Irrational Exuberance.

I'm kidding really. It's just that it always amuses me when people use mathematical terms to mean "has gone up a lot". My favourite is "asymptotic" which is a silly one since an asymptote is a line towards which a function approaches but doesn't reach. I shall use Calabian because the "other worldly" aspect of it is where consciousness goes when it floats off into the aether of wild speculation. Which is of course where all the fun is, outside our banal temporal existence. So I spend considerable time there. But one must treat a trip to Calabian space like an exotic holiday - an ephemeral fantasy albeit seemingly real at the time. I suppose that's why drugs are so seductive - stay high and in perpetual Calabian holiday mode.

Unfortunately, reality is not asymptotic let alone Calabian. It's more like plain old Euclidean geometry. It doesn't even rise to parabolic let alone the realms of hyperbole.

But cutting to the chase, gold does not seem to be in the omg realm yet. $2000 is just the start for seriously exogenous pricing. As US$ are diluted and fear develops, $9,314 could be a done deal by as early as 2014 or 2015. There are things happening which tend the trend to that direction: finance.yahoo.com

I plan to buy gold [specifically GLD]. Preferably sooner than later. But I'd like to see some more decline first as the gold bugs get a taste of reality [house prices and gold do not always go up in price, at all, not even geometrically].

Mqurice



To: Hawkmoon who wrote (80308)9/26/2011 3:53:04 AM
From: elmatador2 Recommendations  Respond to of 217734
 
Investors are scrambling to raise cash across territories and asset classes. Gold was supposed to be a beneficiary of broader market anxiety, but the bullion is in freefall as investors scramble to liquidate previously winning positions in order to raise funds as traders fret that a lack of progress in finding a solution to contain the eurozone fiscal crisis threatens the health of the global economy.

With growth fears to the fore the commodities complex is taking a beating. Brent crude is down 2 per cent to $101.81 a barrel and copper is tumbling 5.9 per cent to $3.08 a pound, a 14-month trough.
ft.com
But, you know, this week everyone needs breakfast cereal, OJ, coffee, sugar, meat bread, and fuel their tanks.



To: Hawkmoon who wrote (80308)9/26/2011 9:51:18 AM
From: TobagoJack  Read Replies (2) | Respond to of 217734
 
Hello hm, today's report:

On 26 Sep, 2011, at 3:18 PM, J wrote:

just executed buy of paper platinum @ average prices between hkd 11,833-11,849 (usd 1523) adding 30% to paper pt holdings, that which was brought down by gold, which in turn is brought by sellers of paper overwhelming buyers of same paper

Cheers, tj



To: Hawkmoon who wrote (80308)10/3/2011 3:27:50 PM
From: TobagoJack  Read Replies (1) | Respond to of 217734
 
Hello hm, tonight's report,
(i) bought gld @ 160.86
(ii) sold short gld dec call strike 165 @ 7.8

Above trades go nicely w/ earlier sold short gld dec put strike 170, 165, and 160
Message 27656465
Message 27654114
Message 27645220

Yes, am aware that I am effectively buying as well as selling gold, even at the same price. I call the actioning 'cloud-ATM melee'

I am figuring to simply continue w/ the winning trade that is gold, that which remains up for the year when much else are down and even out.

Cheers, tj



To: Hawkmoon who wrote (80308)10/4/2011 11:05:20 AM
From: TobagoJack2 Recommendations  Read Replies (3) | Respond to of 217734
 
Hello hm, tonight's report,

As we are again in familiar but dangerous, uncharted and suspect arena, and as I am dubious that any set battle would play out exactly the same way, I executed in sufficient quantity to offset my entire hoard of paper everything

(i) bought spy march 30th 2012 put strike 100 @ 8.03
(ii) bought slv april 2012 strike 20 @ 1.31
(iii) bought gld march 30th 2012 put strike 110 @ 1.41-1.45

I am exceedingly suspicious that the current sub script would play out as did the lead-up and main strike of the Lehman incident, but I cannot take the chance because unlike the horrible nights of Lehman I now have a substantive position at the burning stake that I am unwilling to see smolder then burn.

I am unwilling to go outright short, and am of the belief that whatever happens for this sub plot (euro wobble) it would happen w/i 6 months.

I may short spy going forward on bounce, and I may add to gld puts on same bounce.

While I doubt I would collect on the gld puts, I am less sure about not collecting on the slv puts.

I am fairly certain about collecting on the spy puts.

In any case, thus shielded somewhat on the down side against replay of 2008 q4 / 2009 q1, I can now play again, to death match, and to extract from cloud ATM.

Cheers, tj



To: Hawkmoon who wrote (80308)10/4/2011 11:54:25 AM
From: TobagoJack  Respond to of 217734
 
Hello again hm, follow on report to Message 27678627

I just doubled up on the spy march 30th put strike 100 @ 7.66, and
I doubled up on slv april put strike 20 @ 1.33

Am figuring
(i) should gold tank more, spy would tank much more than more, and
(ii) silver would fall much more than spy.

Let us watch over the next few weeks n months.

Cheers, tj

P.s. I have not bought put options to open for a long time, am rusty.

P.p.s. It is possible that as n when qe3 is announced, the common share market may not take any notice for more than a few days.