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December 12, 2008 at 9:18 AM in reply to: How high goes the rally on Obama infrastructure spending? #315033December 12, 2008 at 9:18 AM in reply to: How high goes the rally on Obama infrastructure spending? #315067
peterb
ParticipantI’m all US$ now. Got out of my gold miners for a 45% profit after two weeks of owning them. Gotta take that kind of gain when you can in this market. Normally, I would let that sucker ride to the moon, but not now. The cycle indicators still say we’re in a 22 week climb as of touching the November low at ~7400. But this looks to be a pull-back to solidify the gain and form a base. Good chance it will start to climb again in a few days. But it’s skiddish and may retest November. Take profit when you can in this market. IMO.
Also, I have physical gold. 25% of my total portfolio. Sold a bunch at $800. Look at how it’s held up. 20% of it’s high. What asset class can say that right now? Housing down 25% or more, markets down 40%, CRB down 75%. The US$ has risen a lot in the last two months, but look how it was driven into the ground for the last 4 years. When you measure golds rise to $1045 and now at $800, it’s been the real winner out there!! But I think the US$ is gonna surprise everyone with it’s tenacity to climb over the next two years.
December 12, 2008 at 9:18 AM in reply to: How high goes the rally on Obama infrastructure spending? #315089peterb
ParticipantI’m all US$ now. Got out of my gold miners for a 45% profit after two weeks of owning them. Gotta take that kind of gain when you can in this market. Normally, I would let that sucker ride to the moon, but not now. The cycle indicators still say we’re in a 22 week climb as of touching the November low at ~7400. But this looks to be a pull-back to solidify the gain and form a base. Good chance it will start to climb again in a few days. But it’s skiddish and may retest November. Take profit when you can in this market. IMO.
Also, I have physical gold. 25% of my total portfolio. Sold a bunch at $800. Look at how it’s held up. 20% of it’s high. What asset class can say that right now? Housing down 25% or more, markets down 40%, CRB down 75%. The US$ has risen a lot in the last two months, but look how it was driven into the ground for the last 4 years. When you measure golds rise to $1045 and now at $800, it’s been the real winner out there!! But I think the US$ is gonna surprise everyone with it’s tenacity to climb over the next two years.
December 12, 2008 at 9:18 AM in reply to: How high goes the rally on Obama infrastructure spending? #315160peterb
ParticipantI’m all US$ now. Got out of my gold miners for a 45% profit after two weeks of owning them. Gotta take that kind of gain when you can in this market. Normally, I would let that sucker ride to the moon, but not now. The cycle indicators still say we’re in a 22 week climb as of touching the November low at ~7400. But this looks to be a pull-back to solidify the gain and form a base. Good chance it will start to climb again in a few days. But it’s skiddish and may retest November. Take profit when you can in this market. IMO.
Also, I have physical gold. 25% of my total portfolio. Sold a bunch at $800. Look at how it’s held up. 20% of it’s high. What asset class can say that right now? Housing down 25% or more, markets down 40%, CRB down 75%. The US$ has risen a lot in the last two months, but look how it was driven into the ground for the last 4 years. When you measure golds rise to $1045 and now at $800, it’s been the real winner out there!! But I think the US$ is gonna surprise everyone with it’s tenacity to climb over the next two years.
December 11, 2008 at 10:13 PM in reply to: How high goes the rally on Obama infrastructure spending? #314536peterb
ParticipantI’m all out tomorrow. Looks to be a pull back to support levels.
December 11, 2008 at 10:13 PM in reply to: How high goes the rally on Obama infrastructure spending? #314893peterb
ParticipantI’m all out tomorrow. Looks to be a pull back to support levels.
December 11, 2008 at 10:13 PM in reply to: How high goes the rally on Obama infrastructure spending? #314926peterb
ParticipantI’m all out tomorrow. Looks to be a pull back to support levels.
December 11, 2008 at 10:13 PM in reply to: How high goes the rally on Obama infrastructure spending? #314949peterb
ParticipantI’m all out tomorrow. Looks to be a pull back to support levels.
December 11, 2008 at 10:13 PM in reply to: How high goes the rally on Obama infrastructure spending? #315020peterb
ParticipantI’m all out tomorrow. Looks to be a pull back to support levels.
December 11, 2008 at 9:00 AM in reply to: How will foreclosure freeze 3-6 months affect home price? #314192peterb
ParticipantAny delay they create will just make the crash that much more severe when the foreclosures are started back up. The main reason they’d pull this off would be to keep the homeless level down while keeping the foreclosure off the banks books. Mostly for the banks, though. Just another delaying tactic while they hope for salvation to somehow magically appear. IF they were to do this, there’d be a huge disclocation in the market. It’d basically be free housing for people that are headed towards BK.
December 11, 2008 at 9:00 AM in reply to: How will foreclosure freeze 3-6 months affect home price? #314550peterb
ParticipantAny delay they create will just make the crash that much more severe when the foreclosures are started back up. The main reason they’d pull this off would be to keep the homeless level down while keeping the foreclosure off the banks books. Mostly for the banks, though. Just another delaying tactic while they hope for salvation to somehow magically appear. IF they were to do this, there’d be a huge disclocation in the market. It’d basically be free housing for people that are headed towards BK.
December 11, 2008 at 9:00 AM in reply to: How will foreclosure freeze 3-6 months affect home price? #314581peterb
ParticipantAny delay they create will just make the crash that much more severe when the foreclosures are started back up. The main reason they’d pull this off would be to keep the homeless level down while keeping the foreclosure off the banks books. Mostly for the banks, though. Just another delaying tactic while they hope for salvation to somehow magically appear. IF they were to do this, there’d be a huge disclocation in the market. It’d basically be free housing for people that are headed towards BK.
December 11, 2008 at 9:00 AM in reply to: How will foreclosure freeze 3-6 months affect home price? #314603peterb
ParticipantAny delay they create will just make the crash that much more severe when the foreclosures are started back up. The main reason they’d pull this off would be to keep the homeless level down while keeping the foreclosure off the banks books. Mostly for the banks, though. Just another delaying tactic while they hope for salvation to somehow magically appear. IF they were to do this, there’d be a huge disclocation in the market. It’d basically be free housing for people that are headed towards BK.
December 11, 2008 at 9:00 AM in reply to: How will foreclosure freeze 3-6 months affect home price? #314675peterb
ParticipantAny delay they create will just make the crash that much more severe when the foreclosures are started back up. The main reason they’d pull this off would be to keep the homeless level down while keeping the foreclosure off the banks books. Mostly for the banks, though. Just another delaying tactic while they hope for salvation to somehow magically appear. IF they were to do this, there’d be a huge disclocation in the market. It’d basically be free housing for people that are headed towards BK.
December 10, 2008 at 6:52 PM in reply to: Old Forum topic deserves re-visit: bubble in treasuries #313952peterb
ParticipantI think we’re turning Japanese…the 1990’s kind.
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