tag:blogger.com,1999:blog-2335748440449035592.post584659588428561530..comments2008-07-19T15:56:52.992-04:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-2335748440449035592.post-65775596761005822892008-07-19T15:56:00.000-04:002008-07-19T15:56:00.000-04:00Hi Guy<BR/><BR/>Depends on your time frame<BR/><BR/>http://is.gd/XSB<BR/><BR/>GLD is obviously without the individual company risk or miners. I like the volatility myself of the non GLD stuff but thats because I trade it rather than bury it in my backyard :)TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-17007247487983804972008-07-18T22:55:00.000-04:002008-07-18T22:55:00.000-04:00GLD appears sticky to me. Several weeks ago I suggested a price target of $992; gold hit $989 before selling off a bit - close but no cigar. I think there is more to come for gold as real interest rates remain negative. <BR/><BR/>GDX and GLD remain good hedges because they are poorly correlated with equities, and on the big down days for stocks, these positions have done very well to cap my downside. GLD has been better than GDX.Guyhttp://www.blogger.com/profile/09198161809721597881noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-8348910332944365672008-07-18T15:44:00.000-04:002008-07-18T15:44:00.000-04:00lol on China<BR/>Good point - why not just directly deposit the money.<BR/><BR/>I'm more against sensible and preventative policies that mean there never has to be any stimulus plans in the first place but of course that is just a dream. In lieu of that get people working - then they can spend the money they earn and you have a nice cycle.<BR/><BR/>I envy you - where did you go in China? I love to travel and have yet to reach the Far East. One of these days I have to see with my eyes what everyone talks about.<BR/><BR/>Each and ever manager who has been there says "until you go, you don't really understand what is going on" So I am hoping they are correct.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-66373378876056986452008-07-18T15:17:00.000-04:002008-07-18T15:17:00.000-04:00good = food ;)<BR/><BR/>Funny how common sense and good economics often synch up isn't it.<BR/><BR/>When the last "stimulus" came out I recall reading an article that demonstrated food stamps provided superior economic benefits to any other form of handout, though I agree infrastructure building would be prefferable. <BR/><BR/>Cash handouts are just dumb tho as a form of stimulus because the govt cannot control their use. For example, I accounted for mine during my vacation in China. Heck, it was going to end up there anyway, why not bypass the middleman.cm202bchttp://www.blogger.com/profile/01223048799754759550noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-57735042373461424462008-07-18T14:39:00.000-04:002008-07-18T14:39:00.000-04:00One of the best gold plays! I did an overlay of the large miners, gold ETFs, etc., and KGC has held up very well.<BR/><BR/>Our US Dollar is getting cheaper by the day!<BR/><BR/>BDBluedoghttp://www.blogger.com/profile/13620622716492473197noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-21569149417588954482008-07-18T13:48:00.000-04:002008-07-18T13:48:00.000-04:00good = food ;)TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-8879253839954292552008-07-18T13:47:00.000-04:002008-07-18T13:47:00.000-04:00Pathetic<BR/><BR/>I actually wrote at the time when the first one came out we'd have another<BR/><BR/>And I am serious if the economy continues like this deep into 2009, we'll have a third<BR/><BR/>I could at least live with 1 if it was something that should not be a stimulus but a public works i.e. put people to work who don't have houses to build, rebuilding our infrastructure but we are broke so can't do that. So we'll borrow from China to give our money to buy even more flat screen tvs. Oh, and good. And oil.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-28667213248139164632008-07-18T13:42:00.000-04:002008-07-18T13:42:00.000-04:00Story in the Washington Post today, Dems pushing for a $50B stimulus this fall, Reps opposing. Story isn't worth reading, but the issue out there now. Doubt it passes myself, if blue dog dems don't kill it in the House Bush will likely veto.cm202bchttp://www.blogger.com/profile/01223048799754759550noreply@blogger.com