tag:blogger.com,1999:blog-2335748440449035592.post7588233714677375996..comments2008-06-27T12:48:58.897-04:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-2335748440449035592.post-10507051841398022252008-06-27T12:48:00.000-04:002008-06-27T12:48:00.000-04:00trader<BR/>Coxe is big on gold. He says it has been lagging but will move way up.slimanhttp://www.blogger.com/profile/02885545198067762872noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-32572621694148544502008-06-27T12:35:00.000-04:002008-06-27T12:35:00.000-04:00Nah, not saying that. Just saying I must of misread it :)TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-2540119505977795542008-06-27T12:32:00.000-04:002008-06-27T12:32:00.000-04:00I am sorry...not intended to be so or to deceive (no agenda other than to participate intelligently in blog).... you did ask me for a price target and my best guess was $992 ( which was the weekly pivot high)....that was about 8% away even with yesterday's vault higher....that is pretty good (i think)Guyhttp://www.blogger.com/profile/09198161809721597881noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-67143082118201601132008-06-27T11:36:00.000-04:002008-06-27T11:36:00.000-04:00Guy, that is funny. After I read your comment yesterday it gave me pause and I thought you were implying to be cautious on gold from here on out. I was considering KGC post Fed comments, and then again yesterday morning. Looks like I missed the boat or perhaps this is just the first dock on a much bigger journey. But I read your comments as cautious on gold - strange.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-83990996922256479062008-06-27T11:33:00.001-04:002008-06-27T11:33:00.001-04:00If you click on any name at the bottom of an entry you can see historical posts for each name and see the reasoning why. <BR/><BR/>The housing stocks are part of a thesis that thus far has not worked out :)<BR/>I don't really like them fundamentally - but every so often the market rotates in this group and sells off the hot groups. Since I've bought them, however, the hot groups have not corrected and the weaker groups have been straight down. I basically want something working when that reverses - which it has not in a long while. It was poised to reverse 2 days ago, but not after the Fed decision/wording. But alas, not to be.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-15927512729952146012008-06-27T11:33:00.000-04:002008-06-27T11:33:00.000-04:00Yesterday I mentioned 2 times to buy gold and they were: 1) still in bull market and this was a pullback to its 200 d ma; so this represented a good time to buy; 2) negative real interest rates.<BR/><BR/>I forgot the third reason and that was as a safe haven during stock market duress. Take a model of when to buy and sell the SP500 and if your model is bearish on the SP500, then it should be bullish on metals. Historically, this is how my model functions --I did not create it for this purpose but this was an offshoot let's say.Guyhttp://www.blogger.com/profile/09198161809721597881noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-34755036348798614502008-06-27T11:28:00.000-04:002008-06-27T11:28:00.000-04:00Wonder why you like "LEN", the home builder & bank chart do not look too good..Oahttp://www.blogger.com/profile/10424050777432171060noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-21178337972325758022008-06-27T11:19:00.000-04:002008-06-27T11:19:00.000-04:00Mish wrote an absolutely fantastic article yesterday. A portion of it (or all of it) pertains to Gold.<BR/><BR/>Excerpt:<BR/><BR/>Gold Up<BR/><BR/>Gold was up big today. Some look at gold as a sign of inflation, some as an inflation hedge. The reality is that it is neither, except perhaps in the extreme long term. There was positive inflation from 1980 to 2000 yet gold fell from 800 to 250. As an inflation hedge, it would have been hard to pick a worse one! And if gold is rising because of inflation now, why was it falling for 20 years when there clearly was inflation all the way? Let's look closer.<BR/><BR/>Historically, there are times gold does well: Hyperinflationary times and Deflationary times. Gold does poorly under more normal conditions, and gets hammered in disinflationary conditions, a falling but positive rate of inflation.<BR/><BR/>If gold is signaling anything right now, it is the further destruction of fiat credit (deflation) as we move from disinflationary conditions to deflationary ones.<BR/><BR/>Gold rose in the great depression, and it is poised to do so again. Recent action (the last several years) in gold is very consistent with deflationary theory about the destruction of credit. Gold, unlike fiat, is no one else's liability. Money with that attribute (and gold is money), should rise under these conditions.<BR/><BR/><BR/>Link:<BR/>http://globaleconomicanalysis.blogspot.com/2008/06/is-inflation-scare-over-yet.htmlMike Maslandhttp://www.blogger.com/profile/06275851037612575206noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-72158523425335828392008-06-27T11:14:00.000-04:002008-06-27T11:14:00.000-04:00Sliman,<BR/>wrote about it yesterday - see archive to the left in margin. "Gold. Back from the Dead?"<BR/><BR/>If things degrade that's where people typically flee. I am surprised it has not acted better the past few months since its supposed to be a hedge on inflation but it appears oil is the new gold as that hedge.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-21483961786669329772008-06-27T11:08:00.000-04:002008-06-27T11:08:00.000-04:00Off subject but what do you think of gold here. I am looking at the DGP (double gold).<BR/>Thanks Tradermarkslimanhttp://www.blogger.com/profile/02885545198067762872noreply@blogger.com