tag:blogger.com,1999:blog-3323125037607548189.post636983551550501764..comments2024-03-15T02:40:09.484-04:00Comments on Wall Street Manna: Sold my GoldPalmonihttp://www.blogger.com/profile/17670456087642069778noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-3323125037607548189.post-18540379299027120612009-05-31T10:39:22.868-04:002009-05-31T10:39:22.868-04:00It was more of a trade of leverage. What will go u...It was more of a trade of leverage. What will go up faster.<br /><br />I've always loved gold, but I think that our government doesn't.<br /><br />And whenever they intervene, they have been successful enough to knock down gold.<br /><br />I like the unhedged gold plays, but I needed to free up some cash to put to work in other places.<br /><br />AEM--The Aug 70 calls are at 7--If gold spikes these could double fairly easily.<br /><br />That was my thinking. In retrospect, I should of made that clear.<br /><br />In this market, there are still scars from the way the Government changes the rules.<br /><br />And whenever gold has been ready to break out, we have this mysterious hand pushing things down.<br /><br />Maybe I was worried about something that may not happen and I could of just overthought the trade.<br /><br />Wouldn't be the first time that happened!Palmonihttps://www.blogger.com/profile/17670456087642069778noreply@blogger.comtag:blogger.com,1999:blog-3323125037607548189.post-39092545437159085822009-05-31T04:23:42.118-04:002009-05-31T04:23:42.118-04:00When you say you sold your gold stocks Palmoni, do...When you say you sold your gold stocks Palmoni, do you mean miner stocks? If so, then I don't understand why. After all, miner stocks are equities and that should mean that they will rise along with other equities, and on top of that gold is near it's highs and that should just add impetus. Am I not thinking right?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3323125037607548189.post-19009489515677726622009-05-28T21:04:56.923-04:002009-05-28T21:04:56.923-04:00the global economy is too big for gold to be a sub...the global economy is too big for gold to be a substitute for currency. a basket of commodities would work fine, but that'll be a big transfer of wealth to some of our enemies.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3323125037607548189.post-41869844091521563152009-05-28T21:00:11.069-04:002009-05-28T21:00:11.069-04:00I still like the double dip recession idea. Right ...I still like the double dip recession idea. Right now the only big spender is the Government and that is with printed fiat money. Your investments are going up, but your dollars are progressively less valuable. In the long term, how do you propose to fix that problem if you don't own gold?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3323125037607548189.post-40024878964183966552009-05-28T20:18:39.733-04:002009-05-28T20:18:39.733-04:00soros cuts stake in pbr, yeah right the market dou...soros cuts stake in pbr, yeah right the market doubles his exposure and he sells a few shares. he took some enormous profits.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3323125037607548189.post-22724860270335721032009-05-28T20:15:15.482-04:002009-05-28T20:15:15.482-04:00One of the easiest stocks to day trade is VNDA.
T...One of the easiest stocks to day trade is VNDA.<br /><br />The last five days, you always have a spike down, and then it trades up.<br /><br />I'm long at 8, (bought after the schizoprenia news) but I daytrade around it.<br /><br />You know Wall Street--whatever is on the come, is always better than reality--and this is on the trees grow to the sky radar of traders.Palmonihttps://www.blogger.com/profile/17670456087642069778noreply@blogger.comtag:blogger.com,1999:blog-3323125037607548189.post-14512051083493813352009-05-28T19:36:54.889-04:002009-05-28T19:36:54.889-04:00is FAS a buy right now? do you think the FAS/FAZ w...is FAS a buy right now? do you think the FAS/FAZ will ever get out of teh single digit hole?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3323125037607548189.post-43558615029975276202009-05-28T19:36:31.197-04:002009-05-28T19:36:31.197-04:00what are buys for tomorrow?what are buys for tomorrow?Anonymousnoreply@blogger.com