this morning. Senor has several orders in muy south of recent closes in the gold and silver sector. Will put on about 35-40% of a large position this morning. Senor was ALL in cash going into today in his allotments to this sector. Risky maybe, but Senor likes to buy when other hombres are panicking!
PURE BS
Senor
Buying "some" gold and silver positions
Started by
senorBS
, Jan 22 2008 09:26 AM
12 replies to this topic
#2
dharma
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Posted 22 January 2008 - 10:33 AM
nice play! i tip my sombrero to the senor!
dharma
#3
fib_1618
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Posted 22 January 2008 - 10:51 AM
Not really. With the FED moving aggressively this morning, and gold finding support at its .382 retracement level of $864, the 5th wave extension idea remains in play.Risky maybe...
It's quite simple really...the more cuts we see from the FED, the higher gold will go because of the inflationary expectation caused by this same monetary stimulus.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
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#4
dharma
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Posted 22 January 2008 - 11:25 AM
yes, fib, you are correct, the fed lowering and all the money that the administration is going to throw @this thing will nourish gold.
it sure doesnt look like a wave 4, if we go to new highs here!
dharma 
#5
senorBS
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Posted 22 January 2008 - 11:29 AM
Not really. With the FED moving aggressively this morning, and gold finding support at its .382 retracement level of $864, the 5th wave extension idea remains in play.Risky maybe...
It's quite simple really...the more cuts we see from the FED, the higher gold will go because of the inflationary expectation caused by this same monetary stimulus.
Fib
Were you doing actual buying at the opening like Senor posted 5-10 minutes before that opening? Just curious amigo. Senor put his pesos where his mouth was - did you? Its easy to come here after the fact and say its "simple".
NO BS
Senor
#6
fib_1618
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Posted 22 January 2008 - 12:25 PM
My post was written as complimentary towards your stepping up when others don't necessarily do so, and not one of spite as you suggest.Were you doing actual buying at the opening like Senor posted 5-10 minutes before that opening? Just curious amigo. Senor put his pesos where his mouth was - did you? Its easy to come here after the fact and say its "simple".
I'm not here to take the spotlight away from you or anyone else, but if you believe this to be the case, I humbly withdrawal the post, and to help you out in your time of self inflicted inferiority, my participation as well.
The board is all yours.
Have a nice day.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions
#7
senorBS
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Posted 22 January 2008 - 12:39 PM
My post was written as complimentary towards your stepping up when others don't necessarily do so, and not one of spite as you suggest.Were you doing actual buying at the opening like Senor posted 5-10 minutes before that opening? Just curious amigo. Senor put his pesos where his mouth was - did you? Its easy to come here after the fact and say its "simple".
I'm not here to take the spotlight away from you or anyone else, but if you believe this to be the case, I humbly withdrawal the post, and to help you out in your time of self inflicted inferiority, my participation as well.
The board is all yours.
Have a nice day.
Fib
LOL Amigo you need a thicker skin. I was very curious if you were buying?
NO BS
Senor
#8
dougie
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Posted 22 January 2008 - 02:04 PM
tensions running too high here i think...
#9
senorBS
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Posted 22 January 2008 - 03:18 PM
tensions running too high here i think...
more signs of a bottom? perhaps
BSing away
Senor
#10
nimblebear
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Welcome to the Dark Side !
Posted 23 January 2008 - 01:19 AM
tensions running too high here i think...
more signs of a bottom? perhaps
BSing away
Senor
Go Senor.
As Cramer would say "Buy,BUY,BUY.!"
I agree with the rate cut phenomenon. Many more basis points priced in already. Bennie will be slashing like Wal-mart. Gold will blow through 900 and then 1000 this year. I don't think price is ready to run away just yet though. One still has time to make some pesos if that is what one desires.
OTIS.
