Jump to content


Photo

Jarring Juxtapositions Revisited


This topic has been archived. This means that you cannot reply to this topic.
51 replies to this topic

Poll: What's Next Month Bring? Santy Claus or the Grinch?

How Will December End?

You cannot see the results of the poll until you have voted. Please login and cast your vote to see the results of this poll.
Vote Guests cannot vote

#46 Takachi

Takachi

    Doctor of Stock Proctology

  • Members
  • PipPipPipPip
  • 2,882 posts

Posted 30 November 2009 - 11:26 PM

All this screaming about a correction in gold is pretty convincing we have a ways to go yet. I do watch Sinclaire's column and calls and having passed 1156 with conviction, his next stop is 1225.

I lightened up a little about $40 ago and don't care to make that mistake bigger.

I will say I am completely comfortable with my CEF shares and their 50% physical gold and silver. I have no qualms about integrity there. I have never been comfortable with the paper based etfs.

#47 TenaciousG

TenaciousG

    Master of Stock Proctology

  • Members
  • PipPipPip
  • 1,732 posts

Posted 30 November 2009 - 11:43 PM

If you were not sure how to make a fake gold bar Popular Science helps out with that.

Interesting story at the beginning about Ethiopia central bank attempting to sell South Africa these fake gold bars.

How to make convincing fake gold bars
Cynically optimistic

#48 psyche doctor

psyche doctor

    Professor of Stock Proctology

  • Members
  • PipPipPipPipPipPipPip
  • 7,301 posts

Posted 30 November 2009 - 11:49 PM

In the coming dark days when there is no other currency besides guns and gas:



I watched a snail crawl along the edge of a straight razor. That's my dream; that's my nightmare. Crawling, slithering, along the edge of a straight razor... and surviving

#49 I_Am_Madness

I_Am_Madness

    Dean of Stock Proctology

  • Members
  • PipPipPipPipPipPipPipPipPip
  • 15,022 posts

Posted 30 November 2009 - 11:59 PM

Times must be tough.

Carl Futia asking for donations.

http://carlfutia.blo...tis-season.html

I would be absolutely embarrass posting trades that consistently on the losing side. Why in the world would anyone give this guy a penny?
Stop the Madness

#50 Jimi

Jimi

    Dean of Stock Proctology

  • Members
  • PipPipPipPipPipPipPipPipPip
  • 11,187 posts

Posted 01 December 2009 - 12:26 AM

Damn it all! I hate this conspiracy stuff.


Yeah. It's hard to unwind the conspiracy stuff - it all become a hall of mirrors.

So let me mount another mirror.

There are no - or only a few purposeful - tungsten bars in circulation. They are plants for a deception.

It's possible. And shifts the entire questions, "By whom, and toward what end?"
Sure glad all my albums went GOLD.
"Ferdy-bee-bee-dee-ferbs."
Subscribe & Earn Karma Miles with Every Visit!
Rule #5 Professional Exemption.
Blind Follower, Just Think Positive Hyperinflation, I Get Paid 500 Quadrillion Dollars/Hour at 1000% Interest/Hour Compounding Forever Each Mouse Click Religion.
"I too observe 'flation.'"
I love you, TASR!
YOU MAKE KITTY SCARED
Tops Take Time
Postulate A Free Lunch Economy
Anyone, now, who is not genuinely afraid is a moran.
[T]housands of empty stucco crapboxes vacated after being circle-jerk sham-traded among corrupt borkers, uppraisers and loan officers from 100K up to 800K, then "nopay-walkaway" (with dirty loan cash in pockets)
Guess again, girlfriend.
Or, $2.7 million every effing day since the effing pinball machine.
Permabear Hysterian

#51 bearvest

bearvest

    Assistant Professor of Stock Proctology

  • Members
  • PipPipPipPipPip
  • 3,554 posts

Posted 01 December 2009 - 01:03 AM

<H5 class=latest>Latest Story</H5>
Month End Paint Job or Something More ��" Professional Edition
November 30, 2009 By Lee Adler Cycle based stock screening data was mostly negative on Monday. However, the strong uptick in new 4 week cycle signals… Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information.



Excellent, Doc.

I'm a long term subscriber, though I seldom post here.

I hope some lurkers will take advantage of your trial offer.
Make dust, or you'll be left in the dust of others.

#52 ChicagoBear

ChicagoBear

    Master of Stock Proctology

  • Members
  • PipPipPip
  • 1,829 posts

Posted 01 December 2009 - 01:54 AM

I'd like to put that on the front page of the WSE, but I'm afraid it would start a panic. :lol:


Yeah, thank you for not posting this one. No need to draw attention to this, except to the extent that it helps other stoolies.

[1] JiCk did a good job of summing up my thoughts....so I won't repeat
Agree - thanks Jickiss! You're always on top of gold!
[2] I would push the tax hit to Jan 2010
Agree - I was looking for gold $1,400 before selling. Still, going to be sweating it.
[3] There are other gold ETF's out there, so another method would be to spread it around the other ETF's. But same issues you raised may or may not exist. GLD is fraught with many questionable practices....no audits....contract held through other custodians....no audits of them either....contacts in lieu if physical....and on and on and on
Agree - no faith in anything at this point. Diversify the risk is a great idea.
[4] I think the miners are the better play by far....GDX and now especially GDXJ....as well as mutual funds, etc that are owners of the miner 49er's
Agree - only problem is the miners will go down with the stock market. And I'm expecting it will go down again :lol:
[5] Not a fan of physical at all......too Armageddon for me....regardless, several guns and lots of ammo will trump gold coins and bars everytime, bar none
God help us if I'm ever forced to use the amount of ammo I'm storing. :ninja: Ammo is a great barter item, BTW. Gold bullion is a transfer agent (read: currency exchange) to preserve wealth and convert into the next currency regime. If there isn't one, then it will be money, and Armageddon WILL be here. Either way I'm covered. Best to have both bullion and ammo.
....just sayin'

Basically, I need to reduce exposure to GLD and diversify into other ETF's and miners. Thanks for clearing my head. This kind of situation really shouldn't happen, so emotions get involved and they should not. I'll tell you one thing, if GLD ends-up defrauding investors, heads are going to roll. They really don't want to piss off the gold bugs. These people are prepared and planning for the end of the world.

Thanks TJ for your input!


chicago-if you have gld as an insurance policy, then there is no substitute for having physical
dharma


Got all the physical I might need. I was just using GLD to trade the movements and make money (i.e. cash). I'm really po'd this thing is suspect!
If we don't change our direction, we're likely to end up where we are headed.
It wasn't raining when Noah built the Ark.
"and the vicious cycle will feed on itself in an orgy of cannibalistic self destruction until even the skeletal remains of the system are ground into powder." - Doc, 3/2/09





The Al E. Greenspeuman designer line at Stoolmart. Get yours today! Click here now!
Get Mugged!


Dr. Stool's
Book Search

Enter title, author, or keyword
Just books
All Products





Old Stool Depository

Live Steaming Pile Chart