Without the former 40% gold backing, the Swiss Economy may not be flooded with unwanted currencies If wrong about this my inclination leads me to believe that: the Swiss are in mortal fear that EU scared europeans will send huge sums of their DM's, French Francs, Lira and etc. RJ thought that the decrease in SF gold backing was still subject to referendum? Jack Swiss gold backing>(Swiss gold backing): No engraved stones here, and I have to see it happening for a confirmation! By that, I simply mean it SUGGESTs a posibility.
But remember, we are all one big happy family, and it won't happen 'lightly'! That is why I've said in the past and maintain today that when the metals move, it'll quite likely mean it, and we'll never again see these low 'prices' that may or may not become lower! But I do see a pattern that suggests a possible near term 310 or so on the Dec contract. Whether it be up or down, build a bigger pile of chips for the BIG one! Will it be soon or will it be later? Will we see 300, 275, 180? Who really knows? A lot of messes can get totally out of hand at any time. Roebear gunrunner, I've got to get up for a Police Practical Combat match this morning, I shoot High Master, now do you still want to leave? We never got a chance to talk firearms! All: more Y2K and this is scaryĮldorado scene): GVC - I'll only say that I'm ready and willing for any kind of move it decides to take! Sunday night/Monday might be interesting. Teenytrader minor): Read it while you can: Robert Minor's recent trade recommendation: You have friends who are limeys? Remember, vino dude, moderation, in all, moderation.Įldorado scene): gunrunner - If the only people to post here were to be only absolute gurus on the metals, we would all be lurkers on an empty page! Don't be intimidated! Keep on posting as you have been! And this extends to all the 'lurkers' out there! I'm sure Bart would agree! Taking your losses on gold was a wise move, sure gives a sense of freedom doesn’t it? Your success, like most, stems from your homework, and your ability to see these markets for what they are. I hold some more expensive silver also, and worry it will suffer under the weight of gold. Glad you held some as this ride is surely not over. Unperiphrastic-bombastiloquent-circumlocution Boasty BoyĬongratulations on the PL bucks. You are definitely on the short list of contributors who are always a must read. Search as I did, read it three times, I could find nothing so obviously embarrassing as goulash. You are also one of the truly valued humorists here. You have consistently offered sound opinions and seem to have always chosen the high road. Make no mistake there is envy and avarice from those that have not yet sold, towards those that have.īravo. This is true unless they race to be the next to sell at these prices before gold dips substantially lower.
I believe there will be plenty of opportunity to buy plenty more at a lower price, this is dollar cost averaging.ĭonald Central Bank selling is less likely today For those that buy and hold, today’s gold price offers an opportunity to pick up some more at a great price. I love markets that give me the opportunity to day trade, but most of my trades are for several weeks to a few months. I would define anyone who calls themselves a trader as short term. Long term investors, those who buy, hold, and dollar cost average are a different breed entirely from those who trade. At the risk of parroting another, your remarks were those of a statesman. RJ That's it, I swear off Kitco for the weekend>(That's it, I swear off Kitco for the weekend): Vieserre: set out to defend balance, and in the process, demonstrated the same. One day he will say eet well go up but he weel notĪlors, Zee only botTOM zat rj weel be peeking at weelīe when he leeft zee skairts - am ah wrong, mah fren In zee defense of RJ, he has always say gold go down. Must START to go up and maybee break say a 30 day How beautiful she eez ( and she eez ) she goes down by gar.Īh believe zee gold she well go up, but first she He eez good as heįollow zee market, he dont try to ow you sayĪnticipate zee market - and peek zee bottom lak many ofĪll of us lak zee gold, but we must admit no matter StopĮven zo ah don lak heez position short zee gold/long Keep em coming.īernatz de Ventadorm Le bottoms>(Le bottoms): For all zoze who try to beat up mah fren RJ. Your commentary I believe makes good sense. Goldfinger all that glitters>(all that glitters): Eldorado, I hate to rub your nose in your work as I contend, but the scenerio your eluding to is right up my alley. Alone talk to me>(talk to me): Where did everybody go? Talk to me, say something Henry