From Jim Sinclair:
"The Fed downplays their actions but who knows what lurks in their shadows in terms of action. The French are right out there showing you exactly how central banks everywhere will act when challenged. This is major CRISIS action and a derivative problem. The size of the credit derivative market is enormous and cannot be allowed to implode at any cost.
This is the REAL THING. It is going to break lose again here. The dominos are falling and falling hard right here and now. Hang on tight to your gold because the making of the BIG KAHUNA has come."
(someone give him a valium)
Jim's yelling fire !
Started by
nimblebear
, Aug 09 2007 05:55 PM
2 replies to this topic
#1
nimblebear
-
- Traders-Talk User
- 6,062 posts
Welcome to the Dark Side !
Posted 09 August 2007 - 05:55 PM
OTIS.
#2
ogm
-
- Traders-Talk User
- 13,780 posts
Member
Posted 09 August 2007 - 06:11 PM
Nope, Gold is going down the tubes too. Gold is a non producing asset. Doesn't pay income, doesn't generate cash flow. Limited industrial use. Limited speculative attraction.
Edited by ogm, 09 August 2007 - 06:12 PM.
#3
pdx5
-
- Traders-Talk User
- 9,529 posts
I want return OF my money more than return ON my money
Posted 09 August 2007 - 06:21 PM
Nope, Gold is going down the tubes too. Gold is a non producing asset. Doesn't pay income, doesn't generate cash flow. Limited industrial use. Limited speculative attraction.
ZACTLY RIGHT!!
That is pretty much all of the reasons why I have no long term
investment in gold. I would rather hold a LT junk bond. Atleast
it pays interest, usually 99% of the time.
Edited by pdx5, 09 August 2007 - 06:22 PM.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
