I was mentally prepared for a counter attack.
Here it is. Big deal.
Plunges in 4/04, 9/06, 8/07 scared me.
They don't scare me any more.
I'm not holding options. I'm holding stocks
with hundreds of millions of proven gold and silver
assets. They aren't going anywhere and neither am I.
I was a trader. Now I'm a holder.
This pack of arrogant, manipulating puppetteers
thinks they're smart. I think they're done.
FINITO!

I fully agree with you - I was expecting this and believe many people will be loading up. Most of my gold is in the metal itself which I accumulated at levels around $270-$350 and held it and held it. I added a little more at around $800 and then sold off 1/3 at $930 or so. Recouped all my investment and everything else I have is gravy. Even with today's action, my average cost per ounce is $411.
Mary Anne

I fully agree with you - I was expecting this and believe many people will be loading up. Most of my gold is in the metal itself which I accumulated at levels around $270-$350 and held it and held it. I added a little more at around $800 and then sold off 1/3 at $930 or so. Recouped all my investment and everything else I have is gravy. Even with today's action, my average cost per ounce is $411.
Mary Anne

hui held its hourly divergences xau didnt. another divergence.
there are 2 ways to draw the parabolic: 1 way is start it @the june lows and connect it to the august lows- it comes in @the 850s(this is approximate)
the other is draw it starting @the 8/16 lows and that comes @the low 900s. one or both of these will hold. i dont think the parabolic gets broken. thats what my work shows. dharma
this is all i have to say, until the market reveals its hand. i will say this, the parabola from the 10/6 lows reached its objective. its why i changed my mind yesterday and thought we had topped. i await w/keen interest to see which one of these parabolas are functioning.
ps. the 850 idea is already very crowded on the boards. maybe the market will accommodate them all

deer in front of the headlights is probably the best i can say for myself. Fortunately i was mostly out n my retirement funds and being nimble with the juniors in my trading account is not my forte. so now i wait and watch the fall with some pain and looking forward to buy targets. Waht does scare me is this fall COULD be much larger than most think although i must say i have seen quite a few " THE top is in calls"

I have a safe. I hold coins and 10 oz bars. I've been thinking of moving $10,000 into gld ETF however as they have to buy the physical gold to cover the investments. HOWEVER - one caveat - I think after this crises in the US is coming to an end the Government will confiscate - the ETF is over and they can bite my you know what.

Mary, are you using coins and bars to hold the physical? How do you store and sell? Unless you mean gold ETF's.

I got into DZZ a couple of days ago. Probably should have unloaded today. I like Senor's vehicles GLD, GDX, SLV, CEF which are a play on the physical. Gold stocks are still stocks in a bear market. If we've bottomed out in the general market already, they may do better than the physical, seems to me. Is this and future moves in gold tied to what the dollar does is the question....


---Out

I have a safe and have both coins and 10 oz bars. Also have lots of silver and two little platinum 1 oz.coins with panda's on them that are so cute. I am thinking about moving $10,000 into the GLD ETF - HOWEVER - This is my caution to those who hold precious metals as MONEY - the Government can confiscate. If your in the ETF you could get screwed.


Mary, are you using coins and bars to hold the physical? How do you store and sell? Unless you mean gold ETF's.

I got into DZZ a couple of days ago. Probably should have unloaded today. I like Senor's vehicles GLD, GDX, SLV, CEF which are a play on the physical. Gold stocks are still stocks in a bear market. If we've bottomed out in the general market already, they may do better than the physical, seems to me. Is this and future moves in gold tied to what the dollar does is the question....


---Out

Muy bueno and well! You are grande studess! The Ricarda Russell of this forum.

BSing away

Senor

Senor Emperor w/ nc. - your reply to this message reeks of sarcasm, and is out of line and uncalled for. Your initial post is quite obvious, and not as subtle as you might think. It had no basis for being said. From a percent standpoint the swing is no big deal. Its gold, it had a major run up. Its a small market. And volitility is part of the deal. I dare say, the board knows that. Go ahead and gloat if you want. Rather than a not so subtle post about "where is everyone ?" Why not be forthright and say: "Did you see that ? did you see my call ? Damn I'm good, aren't I ? I got out before everyone else did. "

I think it is a guy thing. I got the compliment to Mary easy. But I am female and not looking at the markets as such an adversarial place. (Wrong spelling). Great BS senor. Even more fun now. Yes I wish I had been able to do as Mary did also. Not to be though for me. I am a trader.

Gracias for your perspective, I thought it was obvious that I was clearly trying to compliment her in a humurous way. I have always been and remain a trader at heart. Having different accounts has allowed me to just stick some positions in them and leave it be for the most part. The bulk of my assets I trade, usually with a several week horizon, sometimes longer, in mind.

BSing away

Senor