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

To: TobagoJack who wrote (80844)	10/4/2011 11:56:37 AM
From: carranza2	Read Replies (1) \| Respond to of 217737

I am at this point unable to determine a clear course of action. Since the previous course of action, i.e., put the moolah in a great miner, gold and cash, were exhaustively thought out, any moves made while we are in crisis mode are bound to be wrong. And mistakes at this juncture can be very expensive. So I take it like a man, but it still hurts, though gold is still up year over year. Thus, I do nothing, stay put, take the blows and wait for the Force to counterattack. After all, the fundamentals apply. Given negative interest rates and faked inflation figures, gold should be soaring even if the crisis were not upon us. And what better than a miner whose energy costs are going down as it increases reserves? Might take a while, but the thinking was IMO correct. And if I am wrong, the cash is substantial. Good luck to all.

To: TobagoJack who wrote (80844)	10/4/2011 12:52:13 PM
From: Hawkmoon	Respond to of 217737

Yeah.. I'm still in the day trading mode and not willing to hold positions overnight.. . Cash is king for me and I don't really deploy much of my "dry powder" when I make a trade. Just enough to pay the bills and enable my travel plans.. I really like sleeping well at night.. and cash, for the moment gives me that opportunity. Maybe, someday, I'll be willing to dip into the gold markets when I'm sure the Fed and Treasury are going to make another attempt to undertake a QE. Missed a huge chance to greatly profit on yesterday's downturn, due to family obligations. Put in a sell limit on TZA at $55, and it decided to go to $62 yesterday.. But family is more important... Right now I see the potential for a major market rally developing if the SPX can maintain the hammer it's trying to put in today.. But it's going to take a couple of days of holding around these levels to give any confidence to such a rally.. And even more difficult to see how far it carries us due to all the resistance above.. Watch that USD TJ.. It's been very strong If UUP breaks 22.43, the USD is due for a consolidation and GLD/SLV might shine for a bit of time.. And if it holds $22, get set for the Golden Cross to take it even higher (and the stock markets and Euro lower). bigcharts.marketwatch.com Hawk

To: TobagoJack who wrote (80844)	10/4/2011 4:05:32 PM
From: Hawkmoon	Read Replies (2) \| Respond to of 217737

Didn't you say you were involved in a Gold mine venture? Well, I got this in my email.. Watched the presentation, and up until about "Chapter 2" I thought they were referring to a ship wreck.. But alas, they are claiming it's a huge, highly concentrated, underwater PM deposit.. I have to admit that Bre-X came to mind, since the "find" is supposedly off the coast of Papua, New Guinea.. oxfordclub.com Enjoy the presentation.. Would be curious on your perspective.. Hawk