Posted by dallassteve on 1st of Mar 2011 at 04:44 pm
Agreed. Physical gold is a store of value in uncertain
times. I also think it is going to lead commodities on an
amazing bull run. I was loading up, but stopped buying at
$1000 an ounce. Now I have additional capital, but I am
waiting to see what kind of buying opportunity awaits. Are
you buying, or waiting?
I like the GDX system, too, andl use it in my IRA accounts.
The question is, what is the best place to store money that will
insulate it against rising inflation,
uncertainty?
I look at all the choices and conclude that if I add a mere 3% fuel
and food inflation to shadowstats 9% real inflation number I am
losing 12%+ per year in purchasing power if I stay in cash. I don't
dare buy bonds or real estate because the global debt bubble
is still deflating. China could go bust any day and money is
flowing out of the BRIC emerging markets so I'm not going to
buy commodities. I can't buy grain using an ETF like DBA that keeps
buying/rolling into higher futures prices. Stocks offer no value so
that won't work.....which leaves gold.
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Anybody brave enough to short
Gold stocks
Posted by kalinm on 1st of Mar 2011 at 03:33 pm
Anybody brave enough to short silver here? I learned my lesson with black gold in 2008.... OUCH!!!!
I actually think its an
Posted by vimal on 1st of Mar 2011 at 03:58 pm
I actually think its an objective short around here as a trade (short term trade).
Price is 50% or so above its 200day MA. Crazily extended
RSI 14 looks like its forming a lower high as does MACD Histogram
Regular MACD reaching levels not seen for a long time
Dollar reversing against many pairs today which I think may be the start of certainly dollar bottoming if not a reversal of trend short term
So possibly a good time to take a punt with a stop around 35.25ish
why trade gold and silver
Posted by PA on 1st of Mar 2011 at 04:19 pm
why trade gold and silver stocks when you can buy the bullion and sit on it? This is a Crack Up Boom
gold bullion
Posted by dallassteve on 1st of Mar 2011 at 04:44 pm
Agreed. Physical gold is a store of value in uncertain times. I also think it is going to lead commodities on an amazing bull run. I was loading up, but stopped buying at $1000 an ounce. Now I have additional capital, but I am waiting to see what kind of buying opportunity awaits. Are you buying, or waiting?
I like the GDX system, too, andl use it in my IRA accounts.
The question is, what is
Posted by PA on 1st of Mar 2011 at 05:34 pm
The question is, what is the best place to store money that will insulate it against rising inflation, uncertainty?
I look at all the choices and conclude that if I add a mere 3% fuel and food inflation to shadowstats 9% real inflation number I am losing 12%+ per year in purchasing power if I stay in cash. I don't dare buy bonds or real estate because the global debt bubble is still deflating. China could go bust any day and money is flowing out of the BRIC emerging markets so I'm not going to buy commodities. I can't buy grain using an ETF like DBA that keeps buying/rolling into higher futures prices. Stocks offer no value so that won't work.....which leaves gold.