Charmin Posted December 31, 2010 Report Share Posted December 31, 2010 In 1980, the film of the year was "The Empire Strikes Back." If you wanted to know what the film was worth you'd read "When adjusted for inflation, it is the 12th highest grossing film in history." http://en.wikipedia.org/wiki/Star_Wars_Episode_V:_The_Empire_Strikes_Back Gold in January 1980 peaked over $800 and today it is said that peak in 2010 dollars is worth $2251. http://inflationdata.com/inflation/images/charts/Gold/Gold_inflation_chart.htm The Empire of gold will strike back. Link to comment Share on other sites More sharing options...
Charmin Posted December 31, 2010 Author Report Share Posted December 31, 2010 GS definitely holds an empire. "An October report by Goldman Sachs predicted that the metal will reach $1,650 an ounce in 2011." http://www.chinadaily.com.cn/business/2010-12/31/content_11781252.htm Idols of Gold "In the previous 10 months, China's gold, silver and jewelry consumption increased by 35.6 percent year-on-year." http://europe.chinadaily.com.cn/business/2010-12/04/content_11658267.htm Link to comment Share on other sites More sharing options...
Charmin Posted December 31, 2010 Author Report Share Posted December 31, 2010 Gold stock sector is full of popcorn stocks. Watch the bag go round and round in the microwave heating up and then.... pop....pop,pop...pop,pop,pop CDY http://www.StockSharePublishing.com/ChartLib/CDY_12_31_16_41_1293831693.png Link to comment Share on other sites More sharing options...
Whadda I Do Whadda I Do Posted January 1, 2011 Report Share Posted January 1, 2011 Happy New Year, 2011 Link to comment Share on other sites More sharing options...
Whadda I Do Whadda I Do Posted January 4, 2011 Report Share Posted January 4, 2011 Kmart blue light special on aisle four. Link to comment Share on other sites More sharing options...
Charmin Posted January 6, 2011 Author Report Share Posted January 6, 2011 GLD on the weekly chart has had three tests just below 140. The strongest test came for the week of November 12. Would anyone suggest the pigmen empire is trying to strike back at gold's high price? http://www.StockSharePublishing.com/ChartLib/GLD_01_05_20_10_1294276223.png Link to comment Share on other sites More sharing options...
Whadda I Do Whadda I Do Posted January 6, 2011 Report Share Posted January 6, 2011 So far the manipulators have only given us a buying opportunity. Link to comment Share on other sites More sharing options...
Dharmaeye Posted January 7, 2011 Report Share Posted January 7, 2011 Ian McAvity - definitely worth watching. An old guy with an attitude. Grin http://webcast.streamlogics.com/audience/index.asp?eventid=27795046&CFID=2097362&CFTOKEN=25373714 Link to comment Share on other sites More sharing options...
Charmin Posted January 13, 2011 Author Report Share Posted January 13, 2011 Since the breakout - what a deal. NAK http://www.StockSharePublishing.com/ChartLib/NAK_01_12_20_34_1294882474.png Link to comment Share on other sites More sharing options...
Charmin Posted January 14, 2011 Author Report Share Posted January 14, 2011 Empire striking back - DUST new high http://www.StockSharePublishing.com/ChartLib/DUST_01_13_20_06_1294967208.png Link to comment Share on other sites More sharing options...
Private Skidmark Posted January 14, 2011 Report Share Posted January 14, 2011 I took all my certs to Schwab at the end of last year, so the positions were in my account to trade. I traded out of them over the past few weeks and have been adding back here. Junior silvers have my eye. I also put in a low ball bid on the SLW warrants but they haven't filled. Chesapeake has been strong as has Sandspring. Those two along with Candente comprise my set it and forget it portfolio. I expect easy doubles and perhaps much more on each. This may not be the bottom but it's down enough from where I sold that I want back in. I'd look for at least a retest of today's lows and perhaps marginal new lows into early next week. Otherwise. If you have conviction that we're still in a bull. And as I see it, nothing suggests otherwise. You take a stand down here. Onward to glory! Link to comment Share on other sites More sharing options...
dharma Posted January 14, 2011 Report Share Posted January 14, 2011 slipping on my buy hat. do you think this rogers piece had anything to do w/the gold selloff? http://www.zerohedge.com/article/jim-rogers-rotates-gold-rice-sets-foundation-next-bubble dharma Link to comment Share on other sites More sharing options...
Lucky Eight Posted January 14, 2011 Report Share Posted January 14, 2011 Yes Chesapeake Sandspring have been strong, holding on to them, but WOW some majors, GG, NEM slicing through the 200ma, AUY just starting to go through the 50ma, My juniors GORO and UXG still above the 50, but I'm scared, I think they follow. If they go through the 200ma, I'll be hurting big time, thinking of selling half, but the tax man going to get a big piece of the action. HUI diving for the 200, looks like it had a head and shoulders. Knew this smack down was coming, just like all the others in the gold market, but I still don't have a good sell strategy. I'm confident gold going to $5000 so I just hang on, but these are brutal smack downs and always depressing. Link to comment Share on other sites More sharing options...
Whadda I Do Whadda I Do Posted January 15, 2011 Report Share Posted January 15, 2011 They say catching 50% of a move is a good thing. Doesn't sound like a lot until you have to live through another correction. Cash is a position. Practice holding 10% in cash by selling for profits. Just because you have cash doesn't mean have to spend it. You might get used to the fact you are making money even while holding back cash. This trading/investing thing is more of an exercise of looking at yourself in the mirror to see how you react when you are in the money or out of the money. If you think the fall continues, sell on any (intraday) bounces, take profits more often, leave a core, sell it all, do something. With cash, you can always rotate over to lagging stocks if a run up commences. A chart may not show drifting down until June, I don't know, anything is possible but I would understand it fundamentally. I'm 10% cash now could go to 20% cash, miss a move up and not even care. Link to comment Share on other sites More sharing options...
Dharmaeye Posted January 15, 2011 Report Share Posted January 15, 2011 http://www.ridethegoldbull.com/chart_yearly_silver_gold_ratio.shtml Very long term gold/silver chart. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.