Posted by rgoodwin on 15th of Aug 2008 at 01:41 pm
GS says the way to play the "bottom of the dollar" is to sell
gold. Think there is possibly an agenda by GS to drive gold lower.
Get it low enough so they can load up before the reamining
slaughter of the financial markets.
Posted by hornsant on 15th of Aug 2008 at 02:04 pm
I would be very carefull when it comes to GS, but you can play
gold following the strength in the dollar, the dollar has massive
resistance at 80 in the basket of currencies. Watch Gold when USD
hits 80. Do yourself a big favour and leave GS behind you.
Posted by rgoodwin on 15th of Aug 2008 at 02:07 pm
Hornsant. I agree. I sometimes will play GS for a very, very
quick scalp but it is not a fav stock to trade one way or
another. GS is however able to manipulte the market in the short
term. I am waiting for gold and may buy UDN when the dollar gets to
80. Have to do a little more research on UDN but a possibility.
GS - During Fast Money this afternoon, GS weakness was
discussed. One target given was $150. Certainly GS
would look good wearing that price for the long SKF folks.
p.
"Great minds work alike" ???? or "A fool and his drachmas are
soon parted."???? Either way, I know I have great fun at
Breakpoint and make some dineros along the way. Have a good
weekend everyone. p.
Posted by drorlando on 15th of Aug 2008 at 02:24 pm
I agree only the gold is the big unknown...it has to attract
buying sometime at these low levels. You will be fine, but I
admire your tolerance for adventure and risk!
The price of crude oil could soar to $200 a barrel in as little
as six months, as supply continues to struggle to meet demand, a
report has warned.
Goldman Sachs energy strategist Argun Murti made the warning as
benchmark US light crude passed the $123 mark for the first time.
----------------------------------------------------------------------------------------------
Goldman calls the Dollar bottom 14 Aug 2008
Dollar strength will not be a straight line… nevertheless,
dollar lows are almost certainly behind us.”
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Gold and GS
Posted by rgoodwin on 15th of Aug 2008 at 01:41 pm
GS says the way to play the "bottom of the dollar" is to sell gold. Think there is possibly an agenda by GS to drive gold lower. Get it low enough so they can load up before the reamining slaughter of the financial markets.
I would be very carefull
Posted by hornsant on 15th of Aug 2008 at 02:04 pm
I would be very carefull when it comes to GS, but you can play gold following the strength in the dollar, the dollar has massive resistance at 80 in the basket of currencies. Watch Gold when USD hits 80. Do yourself a big favour and leave GS behind you.
Gold & GS
Posted by rgoodwin on 15th of Aug 2008 at 02:07 pm
Hornsant. I agree. I sometimes will play GS for a very, very quick scalp but it is not a fav stock to trade one way or another. GS is however able to manipulte the market in the short term. I am waiting for gold and may buy UDN when the dollar gets to 80. Have to do a little more research on UDN but a possibility.
GS - During Fast Money
Posted by Peridot on 15th of Aug 2008 at 02:15 pm
GS - During Fast Money this afternoon, GS weakness was discussed. One target given was $150. Certainly GS would look good wearing that price for the long SKF folks. p.
GS
Posted by wondernut98 on 15th of Aug 2008 at 02:25 pm
GS would look better at 50 and BK a certin someone in the US Gov that keeps playing in matters that are none of his business.
Already in SKF.
Posted by rgoodwin on 15th of Aug 2008 at 02:19 pm
Already in SKF.
SKF
Posted by drorlando on 15th of Aug 2008 at 02:17 pm
Love it peridot, as SKF and SRS fly together!
Dr. O. My shopping cart
Posted by Peridot on 15th of Aug 2008 at 02:20 pm
Dr. O. My shopping cart is loaded with your SRS and RP's SKF. Also, I fess up, I bought some GDX and DGP today. It's gonna be a long weekend!
p.
Peridot -- I bought the
Posted by trader2 on 15th of Aug 2008 at 02:35 pm
Peridot -- I bought the same four today that you did (GDX, DGP, SKF and SRS). Unfortunately, that probably means that you are in big trouble!
"Great minds work alike" ????
Posted by Peridot on 15th of Aug 2008 at 02:41 pm
"Great minds work alike" ???? or "A fool and his drachmas are soon parted."???? Either way, I know I have great fun at Breakpoint and make some dineros along the way. Have a good weekend everyone. p.
Weekend
Posted by drorlando on 15th of Aug 2008 at 02:27 pm
Peridot: I have got a feeling this close will give you a snapshot into Monday...and I think you will like it!
SRS
Posted by drorlando on 15th of Aug 2008 at 02:24 pm
I agree only the gold is the big unknown...it has to attract buying sometime at these low levels. You will be fine, but I admire your tolerance for adventure and risk!
Yep! remeber they called 200
Posted by googool on 15th of Aug 2008 at 01:46 pm
Yep! remeber they called 200 oil in May?
7 May 2008 The price of
Posted by jbarry on 15th of Aug 2008 at 01:49 pm
7 May 2008
The price of crude oil could soar to $200 a barrel in as little as six months, as supply continues to struggle to meet demand, a report has warned.
Goldman Sachs energy strategist Argun Murti made the warning as benchmark US light crude passed the $123 mark for the first time.
----------------------------------------------------------------------------------------------
Goldman calls the Dollar bottom 14 Aug 2008
Dollar strength will not be a straight line… nevertheless, dollar lows are almost certainly behind us.”