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Living with Parents
Total Posts: 134
Joined 2007-11-25
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PANDA - 21 November 2009 04:29 AM Awgee and Ukyo116,
Both of you guys don’t see any chance of a very near term dollar rally?
If the Fed decides to be cute and try another Lehmann, yes we could see a massive rally in the US dollar. And then confidence will be decimated. |
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McMansion
Total Posts: 1405
Joined 2008-03-29
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ukyo116 - 21 November 2009 04:53 AM PANDA - 21 November 2009 04:29 AM Awgee and Ukyo116,
Both of you guys don’t see any chance of a very near term dollar rally?
If the Fed decides to be cute and try another Lehmann, yes we could see a massive rally in the US dollar. And then confidence will be decimated.
Suppose another Lehmann occurs in Jan 2010 which crushes the DOW to 6000 and we have a massive rally in the US Dollar. What will happen to Gold prices then? Will it go fall or rally even higher than the dollar?
What do you think ukyo116? |
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Living with Parents
Total Posts: 134
Joined 2007-11-25
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PANDA - 21 November 2009 05:08 AM ukyo116 - 21 November 2009 04:53 AM PANDA - 21 November 2009 04:29 AM Awgee and Ukyo116,
Both of you guys don’t see any chance of a very near term dollar rally?
If the Fed decides to be cute and try another Lehmann, yes we could see a massive rally in the US dollar. And then confidence will be decimated.
Suppose another Lehmann occurs in Jan 2010 which crushes the DOW to 6000 and we have a massive rally in the US Dollar. What will happen to Gold prices then? Will it go fall or rally even higher than the dollar?
What do you think ukyo116?
I wish I knew the answer to this, but I do not know the chain of derivatives that would fail in such an event.
Sorry.
I just came back from the SF Hard Assets show, and the crowd there were mainly retirees and a handful of investment professionals. The only time the conference room was crowded was to hear James Dines speak. The rest of the time, when the companys were giving presentations there weren’t more than 50 ppl in the room. |
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McMansion
Total Posts: 1405
Joined 2008-03-29
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Man. Someone needs to go out there and cut the FED’s nuts out. These clowns are artificially inflating the stock market and destroying our currency. The dollar has been slapped around enough and we need to see the market fall and see a rebound in the dollar. Near-term, I think Gold is over bought. MoreKaos, I hope you are still hanging in there with your Gold shorts. Stay strong! |
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Custom Estate
Total Posts: 5364
Joined 2007-01-28
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I swear, it’s as if awgee is writing for Marketwatch…
New gold bugs making gold investments mainstream
Tudor, Paulson, Greenlight, Hayman bring precious metal in from the fringe
SAN FRANCISCO (MarketWatch)—Gold has long been favored by a fringe of the investment world, but this year some of the world’s leading hedge-fund managers have loaded up on the precious metal amid concern government efforts to avoid another Great Depression that could undermine major currencies and fuel rampant inflation.
“I have never been a gold bug,” Paul Tudor Jones, chairman of hedge-fund giant Tudor Investment Corp., wrote in an Oct. 15 letter to investors. “It is just an asset that, like everything else in life, has its time and place. And now is that time.”
Tudor has been building positions in gold and other precious metals in recent months and they now represent the firm’s largest commodities exposure, he noted.
John Paulson’s Paulson & Co., one of the world’s largest hedge fund firms that made billions betting against subprime mortgages, is launching a new gold fund Jan. 1 and became the largest holder of the SPDR Gold Trust exchange-traded fund this year.
Greenlight Capital, run by David Einhorn, reversed a long-time aversion to gold, while Kyle Bass’s Hayman Advisors LP held more than 15% of its portfolio in gold and other precious metals earlier this year. Eton Park Capital, headed by former Goldman Sachs trader Eric Mindich, has also got in on the act. |
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Custom Estate
Total Posts: 3999
Joined 2007-10-22
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PANDA - 23 November 2009 08:23 PM Man. Someone needs to go out there and cut the FED’s nuts out. These clowns are artificially inflating the stock market and destroying our currency. The dollar has been slapped around enough and we need to see the market fall and see a rebound in the dollar. Near-term, I think Gold is over bought. MoreKaos, I hope you are still hanging in there with your Gold shorts. Stay strong!
Speak for yourself. Not everybody is pissed they are destroying the currency. |
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Condo
Total Posts: 289
Joined 2009-02-05
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PANDA - 23 November 2009 08:23 PM Man. Someone needs to go out there and cut the FED’s nuts out. These clowns are artificially inflating the stock market and destroying our currency. The dollar has been slapped around enough and we need to see the market fall and see a rebound in the dollar. Near-term, I think Gold is over bought. MoreKaos, I hope you are still hanging in there with your Gold shorts. Stay strong!
Panda, a couple quick thoughts on your recent behavior
1. You really need to calm down and stop paying attention to daily volatility of gold future prices. Turn your screen off for 6months and come back to see where gold is at by then. You are a long term INVESTOR, so behave like one and stick with what you believe in the long run that Gold will outperform any other asset class in the next 2-3yrs or longer.
2. I know it hurts you seeing gold go up everyday because you feel you left some money on the table, again, you did the right thing of getting out of some of your gold holdings a while back which is the most prudent thing to do when you are not certain which way the market will go. Assuming gold is at $600 today, would you be upset for not selling everything? It’s not about timing, it’s about sound risk control and discipline.
3. And as a gold bug like yourself, you’d hope nobody will stop the Fed from printing so Gold will hit $5000 sooner or later, so come on, don’t talk like your really care about dollar falling. I don’t,  |
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Custom Estate
Total Posts: 3867
Joined 2008-06-03
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no_vaseline - 23 November 2009 09:47 PM PANDA - 23 November 2009 08:23 PM Man. Someone needs to go out there and cut the FED’s nuts out. These clowns are artificially inflating the stock market and destroying our currency. The dollar has been slapped around enough and we need to see the market fall and see a rebound in the dollar. Near-term, I think Gold is over bought. MoreKaos, I hope you are still hanging in there with your Gold shorts. Stay strong!
Speak for yourself. Not everybody is pissed they are destroying the currency.
Exactly….lower dollar = greater US exports |
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McMansion
Total Posts: 1038
Joined 2007-05-03
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PANDA - 23 November 2009 08:23 PM Man. Someone needs to go out there and cut the FED’s nuts out. These clowns are artificially inflating the stock market and destroying our currency. The dollar has been slapped around enough and we need to see the market fall and see a rebound in the dollar. Near-term, I think Gold is over bought. MoreKaos, I hope you are still hanging in there with your Gold shorts. Stay strong!
I’m cool |
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McMansion
Total Posts: 1405
Joined 2008-03-29
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BondTrader - 24 November 2009 08:51 AM PANDA - 23 November 2009 08:23 PM Man. Someone needs to go out there and cut the FED’s nuts out. These clowns are artificially inflating the stock market and destroying our currency. The dollar has been slapped around enough and we need to see the market fall and see a rebound in the dollar. Near-term, I think Gold is over bought. MoreKaos, I hope you are still hanging in there with your Gold shorts. Stay strong!
Panda, a couple quick thoughts on your recent behavior
1. You really need to calm down and stop paying attention to daily volatility of gold future prices. Turn your screen off for 6months and come back to see where gold is at by then. You are a long term INVESTOR, so behave like one and stick with what you believe in the long run that Gold will outperform any other asset class in the next 2-3yrs or longer.
2. I know it hurts you seeing gold go up everyday because you feel you left some money on the table, again, you did the right thing of getting out of some of your gold holdings a while back which is the most prudent thing to do when you are not certain which way the market will go. Assuming gold is at $600 today, would you be upset for not selling everything? It’s not about timing, it’s about sound risk control and discipline.
3. And as a gold bug like yourself, you’d hope nobody will stop the Fed from printing so Gold will hit $5000 sooner or later, so come on, don’t talk like your really care about dollar falling. I don’t,
LOL. Bondtrader, what are you my dad? haha. Yeah, I recently took some profits at $1150 and bought back the dollar at 75. I could be totally wrong with my decision, but at this point this market makes no sense to me. The bear market rally of the great depression lasted 6 months and we can currently 9 months into this rally. This market is rallying on thin air with low volume. This is unprecedented and not one economist i respect and follow predicted this bear market rally would last this long. To be real honest, I just don’t have the skin and balls that Awgee has.
You are right though… i am totally NOT a trader and i need shut the screen off and focus on my work which provides me the best ROI. [ Edited: 24 November 2009 07:58 PM by PANDA ]
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Custom Estate
Total Posts: 5418
Joined 2007-05-01
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PANDA - 25 November 2009 03:49 AM BondTrader - 24 November 2009 08:51 AM PANDA - 23 November 2009 08:23 PM Man. Someone needs to go out there and cut the FED’s nuts out. These clowns are artificially inflating the stock market and destroying our currency. The dollar has been slapped around enough and we need to see the market fall and see a rebound in the dollar. Near-term, I think Gold is over bought. MoreKaos, I hope you are still hanging in there with your Gold shorts. Stay strong!
Panda, a couple quick thoughts on your recent behavior
1. You really need to calm down and stop paying attention to daily volatility of gold future prices. Turn your screen off for 6months and come back to see where gold is at by then. You are a long term INVESTOR, so behave like one and stick with what you believe in the long run that Gold will outperform any other asset class in the next 2-3yrs or longer.
2. I know it hurts you seeing gold go up everyday because you feel you left some money on the table, again, you did the right thing of getting out of some of your gold holdings a while back which is the most prudent thing to do when you are not certain which way the market will go. Assuming gold is at $600 today, would you be upset for not selling everything? It’s not about timing, it’s about sound risk control and discipline.
3. And as a gold bug like yourself, you’d hope nobody will stop the Fed from printing so Gold will hit $5000 sooner or later, so come on, don’t talk like your really care about dollar falling. I don’t,
LOL. Bondtrader, what are you my dad? haha. Yeah, I recently took some profits at $1150 and bought back the dollar at 75. I could be totally wrong with my decision, but at this point this market makes no sense to me. The bear market rally of the great depression lasted 6 months and we can currently 9 months into this rally. This market is rallying on thin air with low volume. This is unprecedented and not one economist i respect and follow predicted this bear market rally would last this long. To be real honest, I just don’t have the skin and balls that Awgee has.
You are right though… i am totally NOT a trader and i need shut the screen off and focus on my work which provides me the best ROI.
Although there was some quantitative easing by Hoover during the Great Depression, the present amount of money printing by the Fed and the world’s central banks is, well I don’t know what it is, but that money has to go some place. And usually the first place that an increase in money supply shows is the equities markets. |
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Condo
Total Posts: 289
Joined 2009-02-05
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PANDA - 25 November 2009 03:49 AM BondTrader - 24 November 2009 08:51 AM PANDA - 23 November 2009 08:23 PM Man. Someone needs to go out there and cut the FED’s nuts out. These clowns are artificially inflating the stock market and destroying our currency. The dollar has been slapped around enough and we need to see the market fall and see a rebound in the dollar. Near-term, I think Gold is over bought. MoreKaos, I hope you are still hanging in there with your Gold shorts. Stay strong!
Panda, a couple quick thoughts on your recent behavior
1. You really need to calm down and stop paying attention to daily volatility of gold future prices. Turn your screen off for 6months and come back to see where gold is at by then. You are a long term INVESTOR, so behave like one and stick with what you believe in the long run that Gold will outperform any other asset class in the next 2-3yrs or longer.
2. I know it hurts you seeing gold go up everyday because you feel you left some money on the table, again, you did the right thing of getting out of some of your gold holdings a while back which is the most prudent thing to do when you are not certain which way the market will go. Assuming gold is at $600 today, would you be upset for not selling everything? It’s not about timing, it’s about sound risk control and discipline.
3. And as a gold bug like yourself, you’d hope nobody will stop the Fed from printing so Gold will hit $5000 sooner or later, so come on, don’t talk like your really care about dollar falling. I don’t,
LOL. Bondtrader, what are you my dad? haha. Yeah, I recently took some profits at $1150 and bought back the dollar at 75. I could be totally wrong with my decision, but at this point this market makes no sense to me. The bear market rally of the great depression lasted 6 months and we can currently 9 months into this rally. This market is rallying on thin air with low volume. This is unprecedented and not one economist i respect and follow predicted this bear market rally would last this long. To be real honest, I just don’t have the skin and balls that Awgee has.
You are right though… i am totally NOT a trader and i need shut the screen off and focus on my work which provides me the best ROI.
LOL, I totally agree that this market doesn’t make a lot sense fundamentally and I try not to use historical references to evaluate today’s market. We are in a new world anyways, it’s all about momentum and dollar. |
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McMansion
Total Posts: 1405
Joined 2008-03-29
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BondTrader - 25 November 2009 11:10 PM PANDA - 25 November 2009 03:49 AM BondTrader - 24 November 2009 08:51 AM PANDA - 23 November 2009 08:23 PM Man. Someone needs to go out there and cut the FED’s nuts out. These clowns are artificially inflating the stock market and destroying our currency. The dollar has been slapped around enough and we need to see the market fall and see a rebound in the dollar. Near-term, I think Gold is over bought. MoreKaos, I hope you are still hanging in there with your Gold shorts. Stay strong!
Panda, a couple quick thoughts on your recent behavior
1. You really need to calm down and stop paying attention to daily volatility of gold future prices. Turn your screen off for 6months and come back to see where gold is at by then. You are a long term INVESTOR, so behave like one and stick with what you believe in the long run that Gold will outperform any other asset class in the next 2-3yrs or longer.
2. I know it hurts you seeing gold go up everyday because you feel you left some money on the table, again, you did the right thing of getting out of some of your gold holdings a while back which is the most prudent thing to do when you are not certain which way the market will go. Assuming gold is at $600 today, would you be upset for not selling everything? It’s not about timing, it’s about sound risk control and discipline.
3. And as a gold bug like yourself, you’d hope nobody will stop the Fed from printing so Gold will hit $5000 sooner or later, so come on, don’t talk like your really care about dollar falling. I don’t,
LOL. Bondtrader, what are you my dad? haha. Yeah, I recently took some profits at $1150 and bought back the dollar at 75. I could be totally wrong with my decision, but at this point this market makes no sense to me. The bear market rally of the great depression lasted 6 months and we can currently 9 months into this rally. This market is rallying on thin air with low volume. This is unprecedented and not one economist i respect and follow predicted this bear market rally would last this long. To be real honest, I just don’t have the skin and balls that Awgee has.
You are right though… i am totally NOT a trader and i need shut the screen off and focus on my work which provides me the best ROI.
LOL, I totally agree that this market doesn’t make a lot sense fundamentally and I try not to use historical references to evaluate today’s market. We are in a new world anyways, it’s all about momentum and dollar.
LOL, When Panda does not understand, Panda does not play! Enjoy your Thanksgiving Bondstrader. |
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IAC Rental
Total Posts: 188
Joined 2008-07-02
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Condo
Total Posts: 289
Joined 2009-02-05
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PANDA - 25 November 2009 11:34 PM BondTrader - 25 November 2009 11:10 PM PANDA - 25 November 2009 03:49 AM BondTrader - 24 November 2009 08:51 AM PANDA - 23 November 2009 08:23 PM Man. Someone needs to go out there and cut the FED’s nuts out. These clowns are artificially inflating the stock market and destroying our currency. The dollar has been slapped around enough and we need to see the market fall and see a rebound in the dollar. Near-term, I think Gold is over bought. MoreKaos, I hope you are still hanging in there with your Gold shorts. Stay strong!
Panda, a couple quick thoughts on your recent behavior
1. You really need to calm down and stop paying attention to daily volatility of gold future prices. Turn your screen off for 6months and come back to see where gold is at by then. You are a long term INVESTOR, so behave like one and stick with what you believe in the long run that Gold will outperform any other asset class in the next 2-3yrs or longer.
2. I know it hurts you seeing gold go up everyday because you feel you left some money on the table, again, you did the right thing of getting out of some of your gold holdings a while back which is the most prudent thing to do when you are not certain which way the market will go. Assuming gold is at $600 today, would you be upset for not selling everything? It’s not about timing, it’s about sound risk control and discipline.
3. And as a gold bug like yourself, you’d hope nobody will stop the Fed from printing so Gold will hit $5000 sooner or later, so come on, don’t talk like your really care about dollar falling. I don’t,
LOL. Bondtrader, what are you my dad? haha. Yeah, I recently took some profits at $1150 and bought back the dollar at 75. I could be totally wrong with my decision, but at this point this market makes no sense to me. The bear market rally of the great depression lasted 6 months and we can currently 9 months into this rally. This market is rallying on thin air with low volume. This is unprecedented and not one economist i respect and follow predicted this bear market rally would last this long. To be real honest, I just don’t have the skin and balls that Awgee has.
You are right though… i am totally NOT a trader and i need shut the screen off and focus on my work which provides me the best ROI.
LOL, I totally agree that this market doesn’t make a lot sense fundamentally and I try not to use historical references to evaluate today’s market. We are in a new world anyways, it’s all about momentum and dollar.
LOL, When Panda does not understand, Panda does not play! Enjoy your Thanksgiving Bondstrader.
Looks like for having Panda stop talking about Gold for a couple days, we get a good pull back today. |
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Condo
Total Posts: 283
Joined 2007-02-02
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70$ pullback on gold. And all because of a 0.1% pullback in unemployment.
I’m not sure how some of you can feel so safe in gold when it panics down at the very first whiff that things might be, just might be a fraction of a percent better than expected.  |
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