SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?


To: Bill Murphy who wrote (2735)12/19/1998 2:00:00 PM
From: Stephen O  Read Replies (5) | Respond to of 80977
 
Bill I think you have misread the lady's post. The suckers as she calls them come in on the third move. We are certainly not in the third move. I would suggest that we are in the throes of establishing move 1 . We are in the preamble. Some of the producers have unwound their hedges. Normandy is the big one so far. They are part of the pros. I would suggest the asians are too as they have a much longer and stronger recent tradition of owning gold. The time to move in is when the big consensus is to be out and you move out when everyone is clamouring that this is the investment place to be. As of now that is the large cap stocks in the USA and Canada.
To all I suggest you buy some ounces or 1/10 ounces as your Christmas gifts this year.
In the New Year keep accumulating those really cheap small cap gold producers. That is where the next 10 baggers are coming from. Keep buying them through the end of the year as the tax loss sellers continue to capitulate.

Seasons greetings to all.

Stephen O



To: Bill Murphy who wrote (2735)12/19/1998 3:26:00 PM
From: IngotWeTrust  Read Replies (1) | Respond to of 80977
 
Bill, My characterization of you being early was not meant as an attack. I felt I was simply answering a specific question from one of your clients, by providing examples All FROM MY PERSONAL experience. As such, I thought I was showing how an early positional statement person suffers, in order to spare your client such an experience, or at least to give them clues, so that they could identify "earliness" and take appropriate action.

Since being early was and tends to be one of MY hallmarks:

specific points I tried to address are:

1)
RE:I have posted frustrated posts for years as I've sweat through my multiple early buys before I learned to let the pros have the first wave up and I take the second leg up, aka EW3, which is the most powerful rally leg of a bull market.

2)
I still have dents on my desktop from pounding the table for bull moves that never come or come months and months after I have called for them to occur. There was one guy on Prodigy, his name was Alan Yu, who posted once that he always made money on going the opposite of my bull statements because he'd learned I was always early.

(You have forgotten one FACT: I am an analyst who attempts to make
bull and bear calls for her broker at her broker's public meetings in her broker's office on a regular basis for old and new clients. I'm on the hook a great deal for my calls and being early. And being early is the equivalent of being "wrong" to most of her clients, causing frustration and embarrassment to not only my trading account, but to her broker's wallet as my early calls affects HER broker's commission paychecks.)


RE: I have had bloodshot eyes from examining EWaves and isobars on the Weather Channel in particular for weather related Grain and Livestock Market's moves in positions held over interminably looooooooooooooooooooooooooooooong weekends/etc.

RE: calling people suckers: I have NOT EVER called you a sucker, publically or privately.

I have been the one who rode Live Cattle long positions from 59c to 71c (through EW1,2 and 3) and then given back most all of those lovely EW 3 --2nd upleg profits-- (back in the old days,) trying to capture the 3rd upleg from 71c to 73c. That is how I learned of the sucker rally.

How in the world you'd think I'd accuse you of ever being a sucker
(my definition of any sheople/public who buys EW5 --3rd upleg--)
when in the same post I've clearly stated you are too early (i.e.,
trying to catch EW1 --1st upleg--) defies logic, my friend.)

I obviously have insulted you in a le cafe' postintended to answer
a QUESTIONER about the specific price of being early. That was not
my intent to embarrass you in anyway, but to share painful PERSONAL lessons learned from over 18 years in this game.

I apologize for your embarrassment.

I will be right along side of you, my friend, in the money making
department. I have chosen to acquire the physical metal and have
gone to considerable lengths to do so. I have NOT begun the acquisition of gold stocks, either junior E&D nor the majors yet,
chosing instead to just trade the majors at this point in time, frankly. I have no desire to be early in the junior E&D game, anymore
than I have a desire to have dead money in the futures markets.

For some reason, I hit a nerve that I was honestly not fishing for, honest.

However, I can see how and WHY you took my reply to your client personally. Again, for that I am sorry.

I hope you didn't puke too much. I'll help you clean up that very unpleasant taste in your mouth a/w/a aftermath in any manner I can.

Merry Christmas back to you, even though I was going to wait till a little closer to Christmas to express such warm personal greetings.

Whether I continue to "yap away" as you put it,
on your website from this point on,
is totally up to you,
since I am there both by your invitation as well as as a courtesy.

I would never EVER intentionally embarrass my host, in a public forum. I was raised better than that!

I sincerely hope you are now feeling better!
O/49r



To: Bill Murphy who wrote (2735)12/19/1998 5:27:00 PM
From: sea_urchin  Read Replies (1) | Respond to of 80977
 
Bill : From the archives of this thread ---

Message 5502076
Message 5505684

I think the "sucker" idea was mine!!