Guest Posted May 31, 2005 Report Share Posted May 31, 2005 i bought more gold coins on friday, after the close. i have a big position in the coins. and about 50% in on the miners. i went for it in 78-79 and got out. i plan to do the same thing again. this is a position, although long term, its still a position. i do think this will be the launch pad. is the low in? i dont know and dont care, but when this stuff appears cheap i will buy. it seemed everyone was looking below 400, we may get there but i will keep positioning myself every $10 or so. dharma Link to comment Share on other sites More sharing options...
GRINCH Posted May 31, 2005 Report Share Posted May 31, 2005 i bought more gold coins on friday, after the close.? i have a big position in the coins. and about 50% in on the miners. i went for it in 78-79 and got out. i plan to do the same thing again. this is a position, although long term, its still a position.? i do think this will be the launch pad.? is the low in? i dont know and dont care, but when this stuff? appears cheap i will buy. it seemed everyone was looking below 400, we may get there but? i will keep positioning myself every $10 or so.? dharma <{POST_SNAPBACK}> keep buying bro, and never look back......reduce stock position to Zero (of your own money)......It's all good..... ..... sweat into ounces.....giggles into stocks....and never forget..... wine, woman, and song..... Link to comment Share on other sites More sharing options...
Ageka Posted May 31, 2005 Report Share Posted May 31, 2005 i bought more gold coins on friday, after the close. i have a big position in the coins. and about 50% in on the miners. i went for it in 78-79 and got out. i plan to do the same thing again. this is a position, although long term, its still a position. i do think this will be the launch pad. is the low in? i dont know and dont care, but when this stuff appears cheap i will buy. it seemed everyone was looking below 400, we may get there but i will keep positioning myself every $10 or so. dharma <{POST_SNAPBACK}> Are you taking delivery of the coins or is this some kind of company that holds them for you ? Last time I was in from 1975 onwards cost averaging Link to comment Share on other sites More sharing options...
Ageka Posted May 31, 2005 Report Share Posted May 31, 2005 In Euro nice uptrend since januari Still have to get out of the multi year triangle Link to comment Share on other sites More sharing options...
The CoinGuy Posted May 31, 2005 Report Share Posted May 31, 2005 Preferred Scenario... $XAU 60 minute chart Best, TCG Link to comment Share on other sites More sharing options...
Old Habits Posted May 31, 2005 Report Share Posted May 31, 2005 Twice in the last 12 hours I've heard Warren Buffet chastised for being short the dollar - once on Crapvision Europe, again this a.m on Crapvision. Buffet is short the dollar at higher levels than these. I doubt he is underwater. This ought to tell every contrarian that this dollar rally is long in the tooth. We'll see if 415 can be defended. Link to comment Share on other sites More sharing options...
The CoinGuy Posted May 31, 2005 Report Share Posted May 31, 2005 OH, Watch a little better quality TV... 12:30 PM ET - Market Call with Jim O'Connell Canadian and U.S. mining companies and precious metals John Embry, chief investment strategist, Sprott Asset Management Best, TCG Link to comment Share on other sites More sharing options...
traderfromhell Posted May 31, 2005 Report Share Posted May 31, 2005 Twice in the last 12 hours I've heard Warren Buffet chastised for being short the dollar - once on Crapvision Europe, again this a.m on Crapvision. Buffet is short the dollar at higher levels than these. I doubt he is underwater. This ought to tell every contrarian that this dollar rally is long in the tooth. We'll see if 415 can be defended. <{POST_SNAPBACK}> Not buying the bull$hit about Buffy and Soros being short the Buck. Notice the timing of the announcements? Right at the freakin' bottom. Please. Like Soros is going to tell you what and when he's doing it? Link to comment Share on other sites More sharing options...
Old Habits Posted May 31, 2005 Report Share Posted May 31, 2005 OH, Watch a little better quality TV... 12:30 PM ET - Market Call with Jim O'Connell Canadian and U.S. mining companies and precious metals John Embry, chief investment strategist, Sprott Asset Management Best, TCG <{POST_SNAPBACK}> Thanks TCG - unfortunately I don't get ROB-TV so I'm stuck with the Wall Street infomercial and Liz Clayman spinning every bit of news as positive. Link to comment Share on other sites More sharing options...
Ander Posted May 31, 2005 Report Share Posted May 31, 2005 Total headfake this morning. GSS and SSRI are up now Link to comment Share on other sites More sharing options...
Old Habits Posted May 31, 2005 Report Share Posted May 31, 2005 Twice in the last 12 hours I've heard Warren Buffet chastised for being short the dollar - once on Crapvision Europe, again this a.m on Crapvision.? Buffet is short the dollar at higher levels than these. I doubt he is underwater. This ought to tell every contrarian that this dollar rally is long in the tooth. We'll see if 415 can be defended. <{POST_SNAPBACK}> Not buying the bull$hit about Buffy and Soros being short the Buck. Notice the timing of the announcements? Right at the freakin' bottom. Please. Like Soros is going to tell you what and when he's doing it? <{POST_SNAPBACK}> Well TFH, I don't think either guy would tell us when they were taking a position. That being said, if you followed what and when Soros made his statement about being short the $, it was back when the DX was 94. He has since said he is no longer short. Buffet can't hide his position as well because Berkshire must put out quarterly reports. So, we only know that his position is still intact as of last quarter. He also began shorting when the DX was in the 90's and has been accumulating on the way down. The only thing we don't know is if he has covered. Buffet likes to hold his positions for awhile, i.e. 140 million oz. of silver since 1994. I would bet he's adding to his dollar position. We'll know more in the beginning of July. Are you buying the pullback today like you advised earlier? Link to comment Share on other sites More sharing options...
Old Habits Posted May 31, 2005 Report Share Posted May 31, 2005 One more thought regarding the dollar. Let's not forget that a strong dollar is not good for the U.S. I gotta wonder how long before there is intervention to cap the $ rise. It appears that we are getting closer to a war of depreciating currencies. Link to comment Share on other sites More sharing options...
traderfromhell Posted May 31, 2005 Report Share Posted May 31, 2005 Twice in the last 12 hours I've heard Warren Buffet chastised for being short the dollar - once on Crapvision Europe, again this a.m on Crapvision. Buffet is short the dollar at higher levels than these. I doubt he is underwater. This ought to tell every contrarian that this dollar rally is long in the tooth. We'll see if 415 can be defended. <{POST_SNAPBACK}> Not buying the bull$hit about Buffy and Soros being short the Buck. Notice the timing of the announcements? Right at the freakin' bottom. Please. Like Soros is going to tell you what and when he's doing it? <{POST_SNAPBACK}> Well TFH, I don't think either guy would tell us when they were taking a position. That being said, if you followed what and when Soros made his statement about being short the $, it was back when the DX was 94. He has since said he is no longer short. Buffet can't hide his position as well because Berkshire must put out quarterly reports. So, we only know that his position is still intact as of last quarter. He also began shorting when the DX was in the 90's and has been accumulating on the way down. The only thing we don't know is if he has covered. Buffet likes to hold his positions for awhile, i.e. 140 million oz. of silver since 1994. I would bet he's adding to his dollar position. We'll know more in the beginning of July. Are you buying the pullback today like you advised earlier? <{POST_SNAPBACK}> Yep. Any weakness the next couple of days. Link to comment Share on other sites More sharing options...
Guest Posted May 31, 2005 Report Share Posted May 31, 2005 yes, taking delivery of the coins! what do folks think of nto? to my eye it looks like we had 5 waves up on the xau/hui. 81.44 and 82.42 are the .618 and .5 correction points of fridays highs to the lows. i will finish my buying in the shares should we get to those levels. dharma Link to comment Share on other sites More sharing options...
Charmin Posted May 31, 2005 Author Report Share Posted May 31, 2005 WTZ testing the creek at 9 - breaking that area would really be a good move... GG bounces back after this morning... Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.