6 replies to this topic

[Islander]

If you fear PMs topping or becoming volitile you might consider some hedges in currency. I am using FXC (Canadian $), FXF (Swiss Frank). I too am concerned that central banks may attempt raids on PM as a strategy to avoid currency raids, more specifically raids on the USD. It is almost time for shorting the equities in general; about March 5th more or less. Best, Islander

Edited by Islander, 28 February 2008 - 12:16 PM.

[SilentOne]

It is almost time for shorting the equities in general; about March 5th more or less.

I was hoping for that to be a bottom in the general market ie. March 8 +/-3 days. Whatever turn comes there (up or down), it will be significant.

cheers,

john

[Islander]

You are correct sir, I have made an assumption that could be very wrong. I will wait and see. Islander

[dougie]

Silent: you still holding out for that big date, must be painful to be on the sidelines. i am only partly in and that is no fun too

[Kimston]

It is almost time for shorting the equities in general; about March 5th more or less.

I was hoping for that to be a bottom in the general market ie. March 8 +/-3 days. Whatever turn comes there (up or down), it will be significant.

cheers,

john

Hi John,
What cycle or cycles are you looking at for the 3/8 area? Or is this based on the upcoming Bradley date?

Thanks,

Kimston

[SilentOne]

hi dougie,

must be painful to be on the sidelines

How long do you want to be on a parabolic spike in metals? Late last year I owned 300 oz. of gold (Krugers) and 10,000+ oz. in silver (1 kg bars, Kookaburra's and Canadian Maple coins). I've been gradually selling not only to get to a free cost position, but also due to my pending move back to Canada. I had 240 one kg silver bars which I did not know how to ship without paying lots of insurance, shipping charges and customs taxes in Canada. The great thing is this rally and I needed it in order to sell into. I still have half the silver and I need to sell more imminently.

My only regret regarding this sector was to not replace the bullion sales made to date with GLD or SLV to replace it. But I think we have had a pretty big commitment to bullion over the last few years. What do you think? As for the miners, unless I could trade it, I don't want to own it. Too much risk for me right now as I can't follow it properly. And given the volatility, I'd stand to lose more than gain trying to pick enteries without studying the market.

Hope all is well.

cheers,

john

Hi John,
What cycle or cycles are you looking at for the 3/8 area? Or is this based on the upcoming Bradley date?

Hi Kimston,

There are a number of dates out there in March. It should be an interesting month. March 11th looms large as an astro date, you have the Bradley March 8-9, and a 10 week Hurst cycle low due mid-March. So I think I'll watch.

cheers,

john

Edited by SilentOne, 29 February 2008 - 09:33 AM.

[rono]

If you fear PMs topping or becoming volitile you might consider some hedges in currency. I am using FXC (Canadian $), FXF (Swiss Frank).

I too am concerned that central banks may attempt raids on PM as a strategy to avoid currency raids, more specifically raids on the USD.

It is almost time for shorting the equities in general; about March 5th more or less.

Best, Islander

Howdy,

The ETF's are great:

FXA - australia
FXC - canada
FXY - japan
FXF - swiss
FXS - swedish
FXM - mexico,

etc.

Also, there is the MERKX hard currency mutual fund and Permanent Portfolio PRPFX which both play this space quite well.

good luck

rono