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drminky

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About drminky

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    Centurion
  1. drminky

    GOLD

    I don't see any problem with trading personally. As long as you keep yourself covered with a hefty core position. We are pretty much on this forum all in agreement that gold is going much much higher in the long term. So whats the harm some of the more aggressive of us in keeping say 10 - 20% of your PM holdings as 'tradeable', with the aim of selling when gold becomes overbought in the short term, in order to gain more ounces when gold becomes short-term oversold? Just like GF and many on here, I've been watching this market for around 4 years now, as been steadily accumulating over that time, and have learnt a lot (through a lot of mistakes mostly) and got a much better instinct for calling big swings in the market. Since we are all more or less in agreement that gold is still in a secular bull market, can we not discuss such things without been shunned by the over-zealous? Isn't that why we all defected from HPC in the first place? Surely we are not going to make the same mistake and let 'consensus think' stifle any debate here? That would be a great shame..
  2. drminky

    GOLD

    Gold better blast through $1000 decisively, or else we got a massive double-top in $US with a huge negative divergence on our hands.. That will be one hell of a party invite to all the gold shorters lurking in the background.. Still, whatever gets me more gold cheaper with my fiat paper can only be a good thing in the long run!
  3. drminky

    GOLD

    http://www.financialsense.com/Market/cpuplava/2009/0218.html Gold, Is the Future Still Bright or Fading? For those who haven't seen todays wrapup. Excellent analysis.
  4. drminky

    GOLD

    Well, amongst all this bullishness I see, I have to say, I've been busy selling into this strength today. Never my core physical holdings, but taking profits on some gold stocks, and lightening up on a little goldmoney silver. Its well possible we might have a little further to run, but I'll stick make money on my core positions if thats the case. Ditto if it really is 'different this time' and this is the beginning of a run on all fiat currencies.. Does anyone else feel we are just a little overextended at this point?
  5. drminky

    GOLD

    ??? Indymac bank not ring a bell?
  6. drminky

    GOLD

    Oh they are preparing alright! Army Unit to Deploy in October for Domestic Operations Beginning in October, the Army plans to station an active unit inside the United States for the first time to serve as an on-call federal response in times of emergency. The 3rd Infantry Division’s 1st Brigade Combat Team has spent thirty-five of the last sixty months in Iraq, but now the unit is training for domestic operations. The unit will soon be under the day-to-day control of US Army North, the Army service component of Northern Command. The Army Times reports this new mission marks the first time an active unit has been given a dedicated assignment to Northern Command. The paper says the Army unit may be called upon to help with civil unrest and crowd control. The soldiers are learning to use so-called nonlethal weapons designed to subdue unruly or dangerous individuals and crowds. When the currency has no buying power anymore, yet the country is full of guns, the guns just might BECOME the buying power!
  7. drminky

    Silver Wheaton

    Yes, Silver Wheaton is highly leveraged to the price of silver. Like RGLD its a royalty company, which negates the rising cash cost problem that has been plaguing mines. If silver has a good run, SLW will fly IMO..
  8. I agree IAG looks cheap, but part of that is the market discounting the permitting problems and trouble they've got maintaining production levels.. For a value play right now, at $1.50 Northgate looks enticing.. Been bullied around lately by the NSS brigade methinks.. look at that 4 million share sell order at 30% below market value last thing on a friday!!! Just a little suspicious!..
  9. drminky

    GOLD

    And just like clockwork, bring down oil prices and the voters will come.. The most rigged game in town.. http://www.bloomberg.com/apps/news?pid=206...&refer=home
  10. drminky

    GOLD

    Todays market wrapup by Gary Dorsch on FSN is interesting. Seems to suggest its the Saudis and the Kuwaitis pumping petrodollars and oil into the US to bring down oil prices, in order to influence the US election and get their preferred (hawkish) republican candidate into the whitehouse. If that's the case, we can expect gold/oil/commodities to remain under pressure until the election, then watch for the possible HUGE reversal, as this gets unwound.. It would certainly explain the La-La-goldilocks-topsy-turvy market in the US right now, that seems to have thrown all TA out the window. I mean the OVERSOLD readings on the HUI right now FFS!.. and no bounce to speak of!! Wasn't nothing supposed to go up or down in a straight line?
  11. drminky

    GOLD

    Most notably the bond market!! Look at those below inflation yields! Imagine if there was a run on bonds and that money spilled over into commodities instead! It'd be hyperinflationary carnage! That's why its been so neccessary to smack down commodities these last few days. Gotta keep 30 years of inflation (actually more like 70 years worth) bottled up in paper, so it doesn't turn and run to real things.. We should actually be glad that the market hasn't woken up yet. Buys us more time to prepare! Keep using that overvalued paper to buy real things, while our paper wages can still buy things at all!
  12. drminky

    GOLD

    If they can create a massive inflation in zimbabwe, where the (non-black market) economy has basically stopped functioning altogether, what makes you think they cannot create an inflation in the US? The bailout/nationalisation of Fannie and Freddie, for example, is simply swapping a bond default risk for an inflation risk. It is simply not true that a stalling economy will automatically mean deflation. It was wrong in the 70s, and unless there is a drastic change of course, it will be wrong again this time..
  13. drminky

    GOLD

    Exactly, I find it simply mind boggling that the market action of the last few months has given ZERO discount to the possibility of inflationary intervention, yet all we ever see from Government action is exactly that.. every time!
  14. drminky

    GOLD

    Could well be. At least now we know why silver was brutally attacked last thing on friday. The PPT will have to be out in force today to smash down G&S. A run on the dollar must be prevented at all costs to keep up the spin that this is somehow GOOD news!
  15. drminky

    GOLD

    And what return would you have got if you'd invested in the Nasdaq in 2000? Or in property in mid-2007? I'd wager a fair bet nobody on this forum was holding much in the way of investment gold before 2000..
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