Search results

Seriously speaking, a nice short no bs lesson in how to trade this kind of thing. Pretty amazing.

Net worth of the US (assets - liabilities) is: [/b] http://www.federalreserve.gov/releases/z1/Current/z1.pdf

Yeah currency crises are short sharp and over fast. Well, except for this euro one. It just goes on and on and on... A neat little joke from the FT's Lex column last week, re the relationship between the countries in the euro and the European soccer championship: [/b]

Good idea. Thanks for the suggestion.

Be careful what you wish for. Them Burmese pythons just might do this for us. Or get rid of all the alligators trying.

Maybe, but after tomorrow, I'm taking the profits and going flat until the next Monday. No sense trying to be a hero until we know the results of the Greek elections.

I remember the fall of 99 very well as well. It was literally years before the highs made then were broken. It was a false breakout. Kudos on having made money on it, but anyone buying those highs was looking at dead money for a very very long time. Go to Kitco's Historical Charts, then look...

Well, we'll have to agree to disagree here. Gold did nothing because below 350 any movements it would have had would be more or less random, as that was the price below which the miners in the aggregate would make zero profit at that time. Despite that, the miners began a sustained run in...

Your charts show NEM and GG bottoming when I said. ABX didn't, but at the time they were the known hedgers. What was your point?

Why do you think Delilah cut Samson's hair? Silly.

That's the part that explains it. So if miners are persistently declining vs gold, as they have been for quite a while, that means the future price of gold is projected to be lower than what it is today. The sequence has always been, at major turns: gold miners first, then gold, then the...

No...Can you tell me what you see as a contradiction?

Only the most recent timeframe shows this because of this very recent spike in GDX. All other timeframes show gold outperforming. For the purposes of this thread, I would consider two years to be a decent time horizon. Over the past two years, gold has clearly beaten GDX like a gong. To be...

Get a grip. The kid is wishing his Grandma to get well. As for the rest, I'm old enough to remember that MLK was a reverend, that it was the SCLC he was head of, and that a lot of Jews and Catholics risked their lives back then to help him out. Habitat for Humanity does a lot of good work as...

A teeny intervention re gold: the miners have been signalling for quite a while that the direction of least resistance is down. I have never, and I have traded gold for a real real real long time, ever seen a situation where the metal lead the miners. It's always the other way. If it turns out...

I'd argue their productivity assumptions are way low, but eh, whatevs. Same thing for all practical purposes. It's the envy of the world, though you'd never know it from hangin around here.

Spain will be rescued over the weekend, big rally Monday, basically 'cuz no one in Europe has a choice, which is the only time they do anything. Kinda resembles that swamp over in DC that way. Weekend after is the Greek Weekend. Hold onto your nuts. Or whatever it is you hold onto when the...

What he said. That expiration date is meant to be useful info, not some sort of law only violated under extreme duress.

What are you on about? Religious freedom, period the end. Not your business.

I'm always a sucker for data. Got some?