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Explaining Gold's Sudden Move
From Credit Suisse (names redacted):
Few things on GOLD’s move – My colleague [] hearing Egypt's banned Muslim Brotherhood movement has unveiled its plans to scrap a peace treaty with Israel if it comes to power (per a deputy leader in an interview with NHK TV)
And my other colleague [] pointed to the $2.5~3b notional that was bought in gold futures through the intra-day high of $1,338 - was bought over ~5min.......
VOLs haven’t budged, so NOT seeing much protection being bought, but Gold telling something else.. Will keep u posted if I hear anything else.
Is gold once again the geopolitical canarie in the coalmine?
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She's flat on the floor after having puked and shat herself senseless. They'll bring in a blood doll for her to feed on and she'll be back in action by tomorrow.
my cat acted the same last night.. she must of been possessed by Blythe....
LOL!!! You know it wouldn't suprise me at all if she only gets into pussies!
haha - yeah I better put some silver on her collar to ward off evil derivative spirits
lmao
Gold bi... Oh wait, I can't say that anymore. I would be talking my book!
Hey look a Gold post .......It's been a few weeks ..........
Lol' I guess it's on like donkey kong, again ....
Good luck for all the paper whores .... We will seeeeeee if the bottom is in.
Why are you wishing yourself luck, you stock pushing paperboy?
good one, tmosley; I think he's a TP salesman, should get with Wanger and monopolize the bathroom commodities (or commode-ities...har har)
Gold trolls!
Beware, do not cross swords w/ tmosley or Chumbawamba! You will be toast.
Hey DoChenRollingBearing .....
Filter through your post going into Dec ....
You posted day after day on what miners the ZH crowd should be piling into. How did that work out .... All down 20-30%. A total wipeout if anyone took your advice. I have called about 15 stock runs over 15%, suck on my balls bitch. RIMM, X, ZEUS, JOBS, XOM, AIG, NVDA, ARMH, SOHU, BAC, MIPS, HOLI, JPM, DB, all your miners down fucking big !!!! Just the facts ......
So until you see Spalding handing out -20% stock pick you should really keep your fucking mouth shut...... See for yourself you had been a paper whore like most .......
11/30/2010-
http://www.zerohedge.com/article/surge-gld-december-145-call-volume?page=1
so, are you saying these miners are officially in a dip, and we should therefore buy? or...?
Still no answer on why gold is falling in most major currencies.
Until then your another pom~pom waving fool like most ....
http://stockcharts.com/freecharts/candleglance.html?$GOLD:FXE,$GOLD:FXY,$GOLD:FXC,$GOLD:FXS,$GOLD:FXA,$GOLD:FXM,$GOLD:FXB,$GOLD:FXF|D
You ever hear of a correction? Apparently not, since your head is so full of shit its coming out of your ears. Gold has regularly corrected many times over the course of its current bull market.
Fuck off. No-one wants you here.
I thought you did not have interest in the miners ..... Your a fraud. You fuck .... I'll find more. Your the gold/silver troll.
I wonder what gold/silver den you work out of .... Hmmmmmmmmmmmm.
December 16, 2009
Gold/ Oil Price Ratio Favors Metal Miners
TMosley
.......... "Another insightful article. Thanks Jeff. I have not been as cognizant of the relationship between miner's profitability and energy prices as I should have been. This is an important variable which must not be underestimated in it's impact on profits and share prices.
My question is: how do we determine the relative impact of energy prices on different mining companies? Is this data even available to the public?" ............
http://seekingalpha.com/article/178438-gold-oil-price-ratio-favors-preci...
ZH readers take a look a fucking chump ... ( I only say to buy physical ) All his shit talk for months about " physical " What a piece of fucking shit. Calling everyone out if they don't wave the pom-pom's ....
Alas, a two faced fucking bitch.
I see. So once someone has an opinion, they are never allowed to change it? Fuck, I didn't even express an opinion there, I just thought the relationship was interesting. That article is more than a year old.
Get the fuck off of this board, dipshit. You are a weak coward and have no place here. Just get the fuck out.
Garbage.
............... " I see. So once someone has an opinion, they are never allowed to change it? Fuck, I didn't even express an opinion there, I just thought the relationship was interesting. That article is more than a year old." ..........................
Total contradiction up above your stammering is pathetic ------read the authors post , read your comments ..... your a paper mining slut'
Tmosley is a paper whore .... What a fucking back peddling pussy you are ....You get off the board " dip shit "... How's the silver den you fucking pimp', such a fraud ....Lil' T the paper bug ....... but, but, but ..... but, that that that wa wa was over a year ago ... Bla bla everyone now knows your a two faced bitch, next .....
Junking for "Get the fuck off of this board". Surely we are adults who are allowed different opinions.
Hes been running around for 4-5 months " only buy physical " , he's a bum. He's been caught red handed. Maybe for fun this week I pull up more lies.
He's been a big mouth punk for months I love rubbing his face in his own shit .... Lol'
You love eating shit, which is why you chose to become an owner op of a 20' truck in Chicago, so you could get shit all over by high diesel prices. I have family friends who are in the business. Your ass isn't making ANY money.
But then, I guess you might not be able to tell, what with you apparent inability to understand that 13>5. Further, your English apparently isn't that good, since you can't tell the difference between "that's an interesting point" and "OMG I gotta buy dat!"
My "big punk mouth" has made more money these past 5 months than you have lost grinding yourself into dirt to pay the Chicago tax man. Likely by large multiples.
But seriously, get out. Lurk until you learn something. You have nothing to contribute at this point. You own a moving van for fucks sake. Maybe you can put some time into your business and expand to the point where you can actually make some money. Well, not in Chicago, but you get the point. Or do you?
Owner op cant make money. Who's going to beat my pricing ??? Everything is paid off ... A hotshot 30 miles one way pays $200 ...
Accounts locked and loaded. I'm grandfathered in the Chicago way. Just my bud with the large machine shop ( CAT ) gives me 3 loads a week ... And the print work is gravy, Lol'
So how did Lil T ' make his vast fortune ?????
Sure, when you can get them. Competition in that area is fierce. There aren't that many loads. You friend might give you some loads (while his broke ass participates in the bubble--until it pops), but I somehow doubt those are the ones that are paying $200/load. You getting by on 30K/year in CHICAGO, BEFORE taxes? It's not cheap to live there either. Unless you sleep in your truck. Great life, that.
Friends of the family are truckers. Don't try to lie to me. They are poor as shit. If there were plenty of loads like that, they would be doing it, but they aren't. They are going through fucking snow tunnels risking life and limb for pennies.
taking a break from digging your 20 ft. delivery truck out of the snow in Chicago?
Yup.
Be nice to that Freightliner. It might last you a year or two.
I have a older GMC topkick w/cat 200,000 on it. I hope to do this for a few years until I get enough cash into my trading accounts ....
I need more cash and I need to learn options. You can make good cash doing short run hotshots ect. It's hard work but I worked on a water well drilling rig for 2 1/2 years so the truck thingy is no big thang ....
Hahaha, you don't "own a trucking company", you're an owner op at best! With a shittastic ancient piece of garbage!
Why should anyone listen to you? Out of work fuck.
Get the fuck off of this board.
I sell printing/photo retouching you fucking moron .... Flexo, Web, Screen, Digital, T-Shirts ... I work bitch. You have been running around the web for years. Who's got " all the time in the world " ????
You fucking gold troll running around the web for years selling your bullshit.
Lol, yeah right. You can't even remember what you do for a living. You're all over the place.
Get out. You aren't wanted. You aren't contributing, and you never have. I suspect you never will. You are just like all these other gold trolls who come a-prancing around every time gold is down 5%, screaming about how right you were when you said it would plunge back at $1200.
Just get out.
Hey pussy, it's a good thing you didnt follow your own advice on gold.
Not only is your word worthless, it is in fact SO worthless, you don't even believe it yourself.
Hey look EscapeKey with another post with no information or insight .... Swing those pom's baby doll ....
I'm going to lol when you go out of business because of the "weather".
Whatever Spalding, you paper whore!
He can't even remember what he does! One minute he's a delivery company owner, the next he's an owner operator on a moving van, the next he's selling t-shirts.
The cold must have fried his brain while he was on his bike delivering papers.
Reminds me of Johnny Bravo. The accountant slash dildo store salesmen.
>>Is gold once again the geopolitical canarie [sic] in the coalmine?<<
It's interesting that you write "once again". Perhaps some history might be in order:
Operation Desert Storm - January 1991:
In December 1990, gold traded in the $370s and $380s
In January 1991, it spike as high as $403, but closed at $366.
So, maybe a slight "invasion blip", but a lower-close post-invasion.
9/11:
August 2001: Gold was in the $270s
September 2001: It closed in the $290s, which was also the high for the month.
October 2001: It closed at $278
So, no significant move.
Bush Jr.'s invasion of Iraq - March 2003
In February 2003 gold traded from the $340s to the $380s and closed in the $340s
In March 2003 it traded from the $330s to the $350s, and closed in the $330s.
So, no significant move.
It appears to me-- if you'll pardon the twisted metaphor-- that during times of political crisis, the "gold canary" *lives*.
Let's go to the play book-
Operation Desert Storm - January 1991: Not considered a real global war
9/11: Again, not a world war, nor influenced anyone to buy anything.
Bush Jr.'s invasion of Iraq - March 2003: A blip on the screen. No reason to buy gold unless we thought Iraq really had WMD... which of course they didn't.
indeed, only Americans consider blowing up shepherds with Abrahms in the desert a war.
and a tournament with only Americans in it the World Series.
Clearly America = The Whole World (worth bothering about anyway)
Gold's canary characteristics have been around a bit longer than the last 10 years
THAT was my point! AMERICA IS NOT THE WORLD! A big piece of the pie, yes but what really matters is numbers. What is money I ask? Only something the idiot next to you thinks holds/stores value. Game over.
Things will not always be like they always were.
likely, i'll borrow that one. +++
Gold's up 'cause Bernank is talking
I'm not a rocket scientist or anything but if one were to do a simple observation of history (even recent in the last 1-200 years) global war has always followed periods of intense economic volatility espeically as it pertains to inflation and the printing of money.
ONE bullet was the catalyst to kicking off WWI.
Why Gold is up? - It's the Bernank speaking, stupid!
It's TheBernank mendacitying. But I repeat yourself.
Simple! After testing down after the ISM print (and not breaking) it moved up through the downward sloping trend line going back to its recent high. Once through ..... jumping galore.
The tell was that miners did not move lower on the ISM related move down. We have been coiling for a few days the only question was which direction the break was going to go.
Bingo, Bill
A bit harsh? A sign of the times?
"Anger as judge jails young mother for stealing £10 jeans"
http://www.belfasttelegraph.co.uk/news/local-national/northern-ireland/anger-as-judge-jails-young-mother-for-stealing-10-jeans-15072473.html#ixzz1CvKIb0uS
If she had had her MBA and worked for the squid she would have been able to walk even if there were a few more zeroes after that theft amount.
Exactly. Judgements like that help to put a lot of things in their proper context.
>>"Is gold once again the geopolitical canarie in the coalmine?"<<
No, but COPPER is! ALWAYS! WORLD WAR 3/4/5/6/7 IS ON THE WAY!
bernank smiling as he says his policies have nothing to do with soaring commodities
I know it's great. The Chinese are feeding their citizen plastic rice but there is no inflation. Everything is so fuckin' cheap it's ridiculous, I wish the things I use everyday would stop going down in price so quickly.
Can I be President of your fan club? Might be a small club, considering I am somewhat of a "neanderthal", and a "red-neck", and a "hillbilly", and a "racist", etc.. but I'll still work hard, and I don't eat much.
Double post.
his policy of giving speeches definitely does, every time.
I just figured Spalding_Smells and RoboFade went short. Permafades extraordinaire!
+100 LOL
Yeah, I was gonna retort to that Spaulding twerp above but, but.... I just couldn't counter his idiocy, nor was it clear what his point was (other than lower gold). Just junked him. And now I'll just talk about him behind his skinny little back...
Neither of them have any money to invest. The former is an impoverished truck driver/ t-shirt salesman, and the later is five times bankrupt, and now lives in his mother's basement making terrible calls on the internet while eating all of her spam and cheez-whiz.
Odd that GLD has not moved much but reports on Zero Hedge have been insightful and latch what the physical gold retailers have seen.....unprecedented physical gold buying.
I read the Perth Mint is still working 24/7 and "the most common gold bought is the one kilogram bar."
Pretty impressive news.
Why did gold go up
Blythe farted
Oddly now when a Chinese citizen farts a fresh ziplock sandwhich bag is produced.
I wonder if that is a rare earth environmental destruction thing
I wonder how they make Chinese drywall...
VERY cheap, and costly as hell to us.
If I did not know better I swear their killing us with their shit products.(really they are, literally and figuratively).
This is why I read the comments.
+ a roll of freaking Saran Wrap.
The real reason gold jumped is because US News released an article saying it will be going down:
http://finance.yahoo.com/news/Whats-Next-for-usnews-402164119.html;_ylt=Apa8Z0pKc75z72TkkZJr.4y7YWsA;_ylu=X3oDMTE1a3E0NzZyBHBvcwM3BHNlYwN0b3BTdG9yaWVzBHNsawN3aGF0c25leHRmb3I-?x=0&sec=topStories&pos=4&asset=&ccode=
Why did gold go up
Johnny Bravo was under Blythe's chair
Did she give him a golden shower?
She gave him a Cleveland steamer, DoChen.
BWAHAhahahahahaha!
MWAHAhahahahahaha!
Laugh of the day, thanks Hulk!
Gonna be line of the day, Hulk.
Huh, and I thought it was going to be a real stinker!
I actually had to go look that up ... LOL !!
http://www.urbandictionary.com/define.php?term=cleveland%20steamer
Actually after depleting Mocatta to zero this week with 16 busloads, my buddies and I are relaxing in full knowledge the Bernank and Blythe are pissed
Gold forever bitchez
Super stron Chines gold buying in January just out.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/2/2_Chinese_Gold_Demand_Stuns_London_%26_Hong_Kong_Traders.html
The Chinese have figured out what to do with all the $'s they keep accumulating.
Fronteer got taken out today by Newmont, that my friends is the 100th of 6000 M&A`s coming.
Gonna get real ugly being a monopolist and a dictator very very shortly.
http://www.calleman.com/content/articles/nov8_sixth_night.htm
You'll literally and I mean literally see people go crazy. You will see ben bernanke go absolutely insane. You will see tim geihtner go absolutely insane. If you thought the people losing it and leaving cnbc programs was juicy. Just wait. There's nothing like plotting and planning for centuries, trying every tactic available, getting almost to the finish line and watching it all completely crumble to massive willful resistance.
"The great proof of madness is the disproportion of one's designs to one's means." - Napolean Bonaparte
Ponzi supply exhausted. Game Over.
Sanity is a relative term, perhaps it's WE that are gonna become MORE SANE!
It's a straight forward process: Printing Money ---> Inflation ---> Social Unrest ---> Nervous Investors ----> Gold Increases. The Fed/Banks can keep the animal in check only for a limited time.
Meanwhile the sheeple, who's ignorance is the main catalyst for the fed ponzi scheme, are wondering what they will watch on tv tonight. Ironically, they are typically the most harmed by infationary policies. This will last in America until commodity prices make up a significant portion of our incomes, then we to will become like Egypt.
... walk like an E G Y P T I A N ...
The guns, gold, bitchez, bitchez, and bitchez trade is back on.
Congrats Turd maybe that 1600 call is not all smoke.
+++
Nicely put mogul!
Interesting. Up move in gold changes the nature of this of this forum.
Instant frathouse.
Patience and calm ladies and gentlemen. We are yet to see real swings. In the context of what is going on in the world, this is not volatility.
This is volatility warming up for a marathon.
Silver seatbelt buckles and golden parachutes are mandatory to survive this ride.
ORI
http://aadivaahan.wordpress.com/2011/02/03/my-vision-for-cairo-and-giza-4th-february-2011/
Damn straight. Don't pay attention to the spot price. It is wrong unless and until it rises by tens of thousands of dollars. Here we are looking for volatility advancing toward unity. We are getting there, with dollar swings becoming an every day occurrence in the silver pits.
Just buy the physical stuff and relax. Let these idiots play their paper games. Know that it can't last. Either they get honest, or they lose their power.
I see manipulator power loss straight ahead.
About time too.
ORI
the powers that were meme:
let us run with it all the way to bank, or at least the rubble heap where the bank used to be...
long over due, I do concur
Agreed. Their end game is here, now.
+ FOFOA and Jim Sinclair, ORI!
Have you put on some age lately?
:-) That's a future projection DCRB.
You are a long time hoarder., sure you've sweated the swings before eh?
ORI
Naah, never sweated the swings! Kind of the opposite. I sleep well, better than ever.
If I get insomnia, it's because I didn't drink enough...
dupe post, sorry.
"Patience and calm ladies and gentlemen."
"The Russell view - It's virtually impossible to successfully time in-and-out trades during an ongoing primary bull market. Usually what happens is that the trader has moved out of the market just as the bull trend resumes. Thus, the bull market does what it's supposed to do - advance while leaving most traders and Johnny-Come-Latelies behind."
Richard Russell, Jan 26, 2011
"It never was my thinking that made the big money for me. It always was my sitting."
Jesse Livermore
Jesse learned the same lesson that Richard is sharing with us - take a position and wait for the primary trend to fully express itself
the primary trend in gold will continue for another 3 to 10 years
+1 twin engined rocketship with slow burn boosters.
Nice quotes. Esp. Jesse. Thanks.
ORI
I always find it reassuring when a gold bull actually thinks the societal infratructure and institutions that support the measurement of the price of gold in dollars will be around in 3 to 10 years.
yeah, it's an interesting correlation ORI, gold goes up, out come the sexual violence metaphors. . . there were calls for gang rape on another gold thread today:
http://www.zerohedge.com/article/gold-break-out-progress#comment-932468
it's like these guys don't have mothers, sisters, wives, lovers, daughters, etc. - massive disconnect.
Indeed CA. Rather strange.
This, to me, is the downside of the net's anonymity.
My views as to why, right here...
http://aadivaahan.wordpress.com/2011/01/18/the-callousness-of-pornography/
Such is where we are... imagine this (or that) gang, they fancy themselves in a position of power, guns gold and that bitches thing.
Yuck.
ORI
gold en silver are longterm investments. They'll be able to manipulate it lower if needed.
they're not investments, they are really more akin to insurance.
Gold is just a thing people value.
Maybe it is just really hard to keep it down.
If you looked at how they brought silver down with those cheap contracts, it's also possible with gold.
And then there's the bernank just telling us a moment ago that he plans on QE-infinity.
Not to infinity just to july depending on how you define qe.
One 150 point down day, and the banksters will be crying to mommy. QE infinity or crash to Dow 2000.
Given the current level of government intervention in the markets, I'm not sure you can find rational explanations for the moves in gold or anything else. There are explanations, of course, but they don't seem to have anything to do with logic or rational thought. Take a look at DBA today, down almost 2%, while CCI soars and the global entree for dinner tonight is plastic rice.
Rotation . . .
Time for Cu, oil, plat/palladium and even perhaps the ags to rest.
Plus it's getting towards time to inflate sheeple's paychecks a bit to get the ins re-elected next year.
everybody covered pm shorts this am thats why
At some point the social/political turmoil in the resource rich, poor nations (WHICH IS A DIRECT RESULT OF BERNANKE'S MONETIZATION) will come back around to bite the asses of said Bernanke and his merry band.
Where does the oil and metal come from, lads?
Instead of.gold I do think farmland and ag is in a long term uptrend but will possibly consolidate or even correct near here. It is probably too late to play timber.
This is the most exciting time to be an economic junkie. The race between core and real gdp is about to tighten up. There is no better place to watch this race and place your bets than at club zero hedge, with the big screen on cnbc while i fantasize about Maria. Too bad zero hedge doesnt have a liquor license. It could probably make it as a bar near the Comex. Traders are such notorious mavericks.
top, I share your sense of excitement re being an economic junkie. When is it all going to blow up...?
Tick, tick, tick.
It WOULD indeed be nice if I could get my computer to serve me a beer via ZH!
The move was also reasonably coincident with Bernanke's remarks.
Actung,Actung ....... Panzers Roll ........................ Gold and Silver must not be allowed to rise ......................................Exterminate,Exterminate,............ another quiet day at the office for Blythe ................
cramer is saying gold is ready to rise again. He also recommended vmc just five minutes ago.
And CNBS still has a headline on their main webpage that says
WTF
All I know is the trend is your friend. Trying to fade xau takes deep pockets. I'll buy the dips. This thing looks really heavy. I still like a basic area arround 1297 for a starting point. Species.
It has somthing to do with Chinese New Year, a 7 to 14 days of market closed, during this time every year in the past, Gold always moves up. When Chinese finally come out of national holiday, they have to chase last drop of gold can find. Peak consuming period of Gold starts in China after this holiday. I observed same pattern every Oct1-7 which is China's national day.
fyi-cramer just called for 2000 and said "feb is the time to buy gold"
That move translated into roughly 1.4 b-usd on 100toz contracts.
Festivism? http://en.wikipedia.org/wiki/Festivus
Do or Die:
'Do or die'...LMAO Robo you drama queen. Better buy some more cotton tampons for the blood shooting out of your ass.
Miners, bichez. MINERS
razor, I don't know about the miners. Political risk of expropriation if gold goes way up.
Miners are already expropriated. Have you not seen Barricks hedge book?
Die bitch die! Why cant you stay killed for a while?
Great to see you around here again, Robo!
Robot Trader would you mind shooting a chart with a 10crossover, And Rsi on the hourly. Thank you.
Whatever Israel is thinking there is a 100% chance that tends towards the paranoid/hysterical end of the spectrum.
NEED ADVICE PLEASE!!!!!!
Let's say you had roughly 15% of your investments in cash, 60% in a diversified 401K, and 10% in precious metals, and 5% in junk silver.
Is it smart or stupid to leave that cash in CD's and the monkey in the 401K? Would it be smart to bust the CD and take the 401K penalty and put that into PM's that can't get inflated to nothing?
My wife and I go back and forth on this between freaking out that the world is going to end and wanting to hoard piles of gold and silver in the basement, or calming down and realizing nothing is going to implode and you'll make better returns in the stock market.
Can I get some advice please what would you do? What's a good mix?
Don't freak out. Don't put all your eggs in one basket, even if it is gold.
I've left my other investments alone. I just put my new savings into PMs. Ready with a trigger finger to change the mix in my 401k if something drastic happens.
When you feel that itch to sell everything and buy gold, just remember that it can go down from here too.
Dang. I think you better get that monkey out of your 401k... ;-)
Freudian slip but yes the prospect of the stock market going belly up is a sort of monkey on our backs.
But seriously...
I think 747 has it about right, but I'd include silver as well as gold in that 25%.
And keep the monkey in the trunk with a crowbar... where he belongs.
Silver.
baddress, I mostly agree with Chet just above, only difference would be that I liquidated my IRA in 2008 (paid the penalties and taxes) and have slept better knowing that .gov cannot pull an "Argentina" on me by seizing the private pensions.
Your diversification looks fine to me, as long as your PMs are in your physical possession.
Yeah we have physical possession of the metal. We learned from lurking here not to trust the paper ETF's or anyone else's vaults.
Thanks for the information.
It is easy to get all "twitchey" watching things happen with such volatility in the markets and on the news. I too, wound down all things the gubberment could glom on to. I have slept better every since. I also keep my bank deposits at a small level, not a lot of FRN's in them.
While PM's offer some hedge against inflation, so do other tangibles. Beans, bullets and bandaids are the war cry of all the doom and gloomers. While I have put back a lot of stuff in the event we see "Egypt" style unrest in our little part of Eden, I haven't bet the farm on it yet.
I have invested "locally" and continue to look for opportunities in my neck of the woods that I can get into and out of in a short amount of time. Cars, equipment, tools, distressed properties and any other thing I can buy cheaply and turn for a profit have helped me to build up quite a nice working capital account to play with and allowed me to take my original investment back off the table and put in more PM's and prep supplies.
Just my .02
DaddyO
It would be really stupid to leave it in 401k. You'll get wiped. It's really stupid to leave it in money market too as buck broke last time and when it crashes again the money market will break buck down to a nickle. Which means you're CD will be frozen and you won't get access to it till frikkin never.
Gold/silver big leap as naked short cover panic! ST the shorts are screwed with middle east boiling over!! The news is not the jobs report FRYday but getting out of shorts/puts before the weekend and perhaps a middle east blowup of blood!! I can imagine any retail shorts seeing the tape tonight will not only be running for cover at 1st opportunity; 2 packs of adult diapers at costco will be completely sold out as well!!
25% in stock
25% in bond
25% in cash(half in Euro/JP, half in USD)
25% in Gold
It will fight inflatin, deflation or xxflation.
Yes, that is what I advise my clients to do. For the bonds, I prefer hybrid convertibles in the natural resource space.
Junked? Wow, tough crowd today....
Thanks!! One question though, what if what some people are saying happens and the whole system melts down. Then all your little 1's and 0's in the stock market computer would cease to exist right? Would it matter at that point than everything is gone or useless except your 25% gold?
Ya pays yo money, Ya takes yo chances.
Trust me in that if the whole system melts down, the 75% that you lost will be the least of your worries...
Ben Davies - Pensions Need Gold, the Currency of Hard Assets
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/2/3_Ben...
I agree, the Browne portfolio is best. Especially as you grow older. Only difficulty is really doing it for over 20 years and trying not to change a iota to the concept. Most people I know sooner or later start making little exceptions.
I hope you were running long stops or small margins on that eor/jpy trade today B-747. Hence the extta cash. Those Kampo moms can get tough!