drbubb

I buy Bull Spreads on GLD, like this: + Sep.$165 calls - Sep.$175 calls ===== I can make $10 (=$100 per ounce), risking $2.5 per ounce So on each 100 GLD calls (1,000 oz), I risk $25,000 to make $100,000, potentially I also have Jan.2013 positions, and GDX calls, and straight GLD calls So for me large, buy maybe not so huge as a GiantBat, perhaps (?)

No wonder. They would have done as well, or better, investing in A$

Historical Reality is against the purists arguments... so far, at least LOL. Do you think so, Chris Ct? If I have taken my 4X profit and tucked it into good shares and physicals, I will be laughing all the way to the bank!* Three previous times I have made these 3X to 4X bets, and each time they have worked out. Meantime, those betting on physicals have riden Gold up and down. FXA versus GLD ... update w/MA's (The interest earned on A$ would have bridged the gap to Gold's apparent advantage.) And they might have done nearly as well buying A$ in 2008. And they would have done better buying any number of good shares like Apple. So far, the price risk inherent in B&H has been enormously greater than any risk in using derivatives. And I have used to derivatives to effectively hedge. So I am laughing already. *BTW, I do hold shares in MNT, which is far better far me than physical Gold, and is exchangable into Physical Gold

I agree. I haven't had time to post here in the last several days, since I was occupied with a Mining conference. Nevertheless, I did find time (in the wee hours of the morning) to buy some Gold. A quite a lot too*! Mostly I bought Bull spreads ($165/$175 and $170/$185) for Sept.2012 and Jan.2013. I hope to make 4X my investment and more. *Underlying amount is well over 1,000 oz.

Mid-Levels - The once-favored location, is now a Sad Laggard To match much of the rest of the SAR, Robinson Place should be near $16,000 psf CHART: Instead, it is languishing at $12,738 psf vs. $7,700 low. So much for "prestgious locations" in the Mid-Levels. Don't say you were not warned ! Other Randomly-selected locations ar at/near 2X the early 2009 low Park Island, New Territories : $5,609 psf vs. $3,200 low. Coastal Skyline, Tung Chung : $5,831 psf vs. $3,000 low. Metro Harbourview, Tai Kok Tsui : $7,129 psf vs. $3,700 low. Island Harbourview, Olympic : $9,230 psf vs. $4,800 low. The Lesson: Bet on the prosperity of Hong Kong people, not pampered expat bankers and lawyers. /source:

Gold Drops as Economic Optimism Boosts Dollar By Amanda Cooper Gold fell for the first time in four days on Tuesday, hampered by the strength in the dollar, which profited from the growing view in the market that the U.S. economy is on a firmer footing. The dollar benefited from wariness in the market stemming from talks between Italy's government and unions on the reforms needed to turn around the euro zone's third-largest economy, which kept the euro under pressure and dented equities. / Full Article: http://www.goldeditor.com/gold-drops-as-economic-optimism-boosts-dollar/?utm_source=Gold+Editor+-+Macro+Article+March+20%2C+2012&utm_campaign=Endeavour+Mining+Earns+an+A%2B+For+2011+Results&utm_medium=email + this: In 2011, India imported 900 tonnes of gold. China is rapidly closing the gap, and is likely to overtake India in the next few years. The impact on the global gold market is bullish

Okay... The following was posted on the OLd Gold thread

See important post, above

AT THE REQUEST of 2-3 of our regular posts, whose opinion I have requested... I am moving this thread BACK TO THE MAIN BOARD, and pinning it. = = If there are nearly all constructive posts on this and the other "new" Gold thread, then I will merger them, probably at the end of this week.

Grant still likes the Gold trade, and thinks Buffett is wrong

"Gold is the trade of the weary"

A THOUGHTFUL NOTE on Gold Prices follows. It says Gold is still a hold, and may be a good Buy, clsoer to key support at $1500:

That is possible. I don't really know, since I have bothered to search for him anywhere else. I was given to understand (perhaps wrongly) that he was posting elsewhere.

IS THIS THE TIME to sell in London, and move to the country ?? /see thread- Where to be, and NOT, in a Collapse: http://www.greenenergyinvestors.com/index.php?showtopic=16113

Okay. We have different time horizons. I may be in and out of my Gold-related trades several times before then. Could hold much of a Core Gold allocation however. When the value of your Gold or other investments goes up, you might want to consider diversifying part of your wealth into Gardening-related investments: http://www.greenenergyinvestors.com/index.php?showtopic=16106 It is the most personal way of investing in Agriculture.

Why? I think in terms of purchasing power, and want to maximise that. I don't get hung up on some theoretical numerier

The purist formula - stated in three short sentences. How terribly silly it is ! The purchasing power is down 10-20% since they invested at $1800-1900, so of course they are worse off. Don't be blinded by some ridiculous "religiosity" !

They would have achieved more if they had aimed to lose a quick buck. Haha As Larry P. has said, when you start calculating your potential profits on future moves, it is time to sell.

I really like this chart ! It suggests that UK Household debt is not as much as a problem as some think it is. The UK can sustain some falls in house prices, and stay in positive equity.

Haha That's what often happens. People resist for years, and then they get sucked in to buy during the mania that creates a parabloc move up. We are seeing such a parabolic move right now in Apple shares

Somebody bought it there - plenty of volume went through. Maybe no one on GEI did, we were making many warnings here. And certainly few here would admit it. Actually, I dont think I ever paid more than $160 for GLD, but I did sell some PHYS and replace it with MNT, and am now slightly underwater on that trade.

Thank you for saying that. As everyone knows, there MAY be a problem with ETF's or Paper gold someday. But thus far they have provided a low cost and effective trading vehicle. So we can say: + there MAY be a problem with ETF's or Paper gold someday + there MAY be a dramatic collapse in Gold prices someday Both of these are risks that one may choose to take or not take. Thus far, the bigger risk has been from the downwards move in Gold, so Paper trading effectively has been better than someone Buying gold above $1800, or $1900 and just hoping for the best. I do hope that we are seeing the beginnings of more Balance discussions here.

Looking back... On Sept.26, 2011, there was a GAP near present trading levels The GAP in GBS.L is from $158.55 down to almost $156