Ben showed us today that he is fully willing to monetize the consequences of the credit bubble bursting.
Time to buy gold ?
Started by
kaiser soze
, Aug 10 2007 04:30 PM
6 replies to this topic
#1
kaiser soze
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Posted 10 August 2007 - 04:30 PM
GLD up 1.70%. GDX up 1%. SLV up 1.4%.
Ben showed us today that he is fully willing to monetize the consequences of the credit bubble bursting.
Ben showed us today that he is fully willing to monetize the consequences of the credit bubble bursting.
#2
Cirrus
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Posted 10 August 2007 - 04:47 PM
I'm long ABX, SA, AEM, SSRI, SLW, NAK, NG and a few small caps. The large positions are ABX, SA and SLW.
#3
arbman
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Posted 10 August 2007 - 05:24 PM
YES, buy the miners now, they will soar if the financial markets do not implode, imho...
#4
Venatici
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Posted 10 August 2007 - 05:30 PM
YES, buy the miners now, they will soar if the financial markets do not implode, imho...
Opened long on miner (BLT) just before close, after a 6% down day... Letīs see if the risk compensates...
Have a nice weekend
#5
johngeorge
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Posted 10 August 2007 - 06:42 PM
You bet, ks, Blackhawk Ben's liquidity pumping will certainly find its way to gold. We are also now entering the favorable seasonal buying time. 
Best to you
Best to you
Peace
johngeorge
johngeorge
#6
Tor
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Posted 11 August 2007 - 06:40 AM
I dont understand these charts. when you change the time frame they look totally different.
put in time frame 26 years for example.
cheers.
Observer
The future is 90% present and 10% vision.
The future is 90% present and 10% vision.
#7
arbman
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Posted 11 August 2007 - 10:18 AM
For the seasonal cycle to really work, you need to also know the other cycles that effect the prices. The past 26 years were bearish for gold, the longer the time frame, the more likely that entire up and down effect of the bullish and bearish phases of a complete cycle can be observed. But without choosing the dominant cycle in its entire period and knowing its harmonics, trading based on only one cycle (seasonal here) that is not even certain to be dominant to begin with will not increase your odds for a high probability trade. This is why the 26 year chart looks completely different than the 35 year chart, because the seasonal cycle is probably not the only dominant cycle...
