tag:blogger.com,1999:blog-7130708113832839690.post8136385776876456753..comments2023-10-29T02:04:09.499-07:00Comments on Smart Money Tracker: COILS IN S&P AND SILVERGaryhttp://www.blogger.com/profile/14556370683669428668noreply@blogger.comBlogger117125tag:blogger.com,1999:blog-7130708113832839690.post-12128047110610769572010-08-11T22:53:20.138-07:002010-08-11T22:53:20.138-07:00Hi Gary,
I am trying to understand they way you i...Hi Gary,<br /><br />I am trying to understand they way you interpret the selling on strength and buying on weakness signal.<br /><br />We just go to WSJ and look for SPY in the list (whichever of the two it may be). If it appears, it means than we have that signal. Is this correct?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-54976190611789557422010-08-11T18:52:38.558-07:002010-08-11T18:52:38.558-07:00I think the miners will just continue to follow go...I think the miners will just continue to follow gold. <br /><br />My stance on gold hasn't changed. It's a bull market.Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-37821150338950686362010-08-11T18:13:33.916-07:002010-08-11T18:13:33.916-07:00Gary,
Tonight's report is understandably conf...Gary,<br /><br />Tonight's report is understandably confusing with all of the cross currents in the various markets. Can you give us your take on how you think this will play out for the PM stocks especially if we have a simultaneous dollar rally and stock market down period. ThanksAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-53658641605502082992010-08-11T17:50:43.077-07:002010-08-11T17:50:43.077-07:00All that's missing now is Bob Prechter making ...All that's missing now is Bob Prechter making the obligatory appearance in a newspaper/magazine or CNBC right when the market bottoms!khalidnoreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-10589673686049831712010-08-11T17:45:58.231-07:002010-08-11T17:45:58.231-07:00Wrong-way TK is patting himself on the back for be...Wrong-way TK is patting himself on the back for being so prescient the last several months. LOL! His self-congratulatory posts are indicating the decline is closer to an end than I would have thought.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-71087606113351597102010-08-11T17:32:49.001-07:002010-08-11T17:32:49.001-07:00Get buying tomorrow. Rally time.Get buying tomorrow. Rally time.Chris Beaniehttps://www.blogger.com/profile/04251024125518218874noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-61978103125905999472010-08-11T16:26:35.190-07:002010-08-11T16:26:35.190-07:00Right, Paulson's 1/3 invested...
Whatever. Wh...Right, Paulson's 1/3 invested... <br />Whatever. Who knows what he's invested in personally.<br />Part of my investment M.O. is that I don't put too much stock in such "facts" and figures given to me by hedge funds or any other institution, even if monitored by an overarching authority like the SEC, somewhat largely useless, but not as useless as its analogs in the rest of the world are.<br />We should have learned this lesson once and for all by 2003.<br />Such numbers don't mean squat to me. That's as conspiratorial as I get, however. Weirdly, I find myself more interested in actual economic and monetary figures nowadays, like the stuff the government or Fed churns out regularly.<br />Anyway, who cares. Once East Asia experiences a real estate crisis they'll gobble up all the gold producers will offer, and at what price, it won't matter.<br />Middle East/Asia/Africa they always believe gold is a store of wealth, whether at 250 an oz or 10 000. They'll think this way for a few more generations.<br />They'll just keep buying. But where will the price go to, I have no idea. <br /><br />I actually entertain the possibility they may buy all the way down (price). And I don't care about the supply of gold, because we all know people are willing to bid up oversupplied stuff anyway.khalidnoreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-38612648482244650022010-08-11T15:55:36.035-07:002010-08-11T15:55:36.035-07:00I'll forego the mellonhead moniker and point o...I'll forego the mellonhead moniker and point out that gold and miners went higher during the 2000-2002 bear. <br /><br />And gold has recently decoupled from the dollar so I would think gold and miners could very easily rally while the rest of the market falls. It will pretty much have to if the Dow:gold ratio is going to ultimately reach 1:1.Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-4580318095598393092010-08-11T15:52:57.755-07:002010-08-11T15:52:57.755-07:00As of Aug. 09 Paulson had almost 1/3 if his capita...As of Aug. 09 Paulson had almost 1/3 if his capital invested in the PM sector. I have no idea if that % has increased or decreased since then.Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-76758109445368334572010-08-11T15:51:23.596-07:002010-08-11T15:51:23.596-07:00anon says "Sorry, gold cannot go higher witho...anon says "Sorry, gold cannot go higher without stocks going higher."<br /><br />It's going higher right now, mellonhead.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-86530250549221004372010-08-11T15:45:18.737-07:002010-08-11T15:45:18.737-07:00At best the super investors or "smart money&q...At <i>best</i> the super investors or "smart money" as Gary likes to call them, have invested 10% in gold and miners and explorers.<br />At best.<br />These people's investments in gold-related stuff are probably more in the range of <b>2-5%</b> of their wealth.<br />I happen to think Soros and Paulson's stakes in Nova, not the best management or company out there, is simply a call option on gold. Sure, to us this is massive, but it's an option that will take balance any losses in the rest of their portfolios and gold hits the roof.<br />I'm not a troll. I'm just extremely wary of Gary's overconfidence in this gold bull reaching the moon.<br />I am invested in gold bullion, miners (large-cap, GDX, etc. as well as select juniors, probably pick up GDXJ as well if goes lower.)<br />I also like cash. A lot.<br />All's I'm saying is it's wrong for people on this blog to give a damn about what "smart money", the named ones in the news, say or do about gold, because they can afford to take the hit at the end of the day.<br />I like gold fundamentally but not for Gary's or Rogers' reasons about debasing the Dollar. Rogers has other reasons of course, that I fully agree with.<br />I also have the brass balls to weather drawdowns in gold and miners. I purchased more bullion recently close to the top.khalidnoreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-59195746722381256302010-08-11T15:41:23.217-07:002010-08-11T15:41:23.217-07:00Justin's head is on fire!Justin's head is on fire!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-484523062058034072010-08-11T15:36:36.644-07:002010-08-11T15:36:36.644-07:00Yep, the fact is they have some of their largest c...Yep, the fact is they have some of their largest concentrations in GOLD!<br /><br />Me too, btw, and I am unconcerned even if it goes lower, where I plan to buy more. Bottom line is it's real money, and keeping my purchasing power isn't looking so bad these days. Is a dollar ever going to gain real value against anything except other false paper promises? I don't believe so.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-47854012424120963822010-08-11T15:32:14.988-07:002010-08-11T15:32:14.988-07:00Give us a break Justin. You expect us to believe y...Give us a break Justin. You expect us to believe you held on to your shorts through an 11% rally? The very same person who scolded us time after time about pain free trading and avoiding draw downs.<br /><br />Please, you already locked in losses and now you've shorted into a big gap down. Maybe you should change your name to son of TK!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-67876207654133522452010-08-11T15:28:19.111-07:002010-08-11T15:28:19.111-07:00I will add billionaires may not be even able to pu...I will add billionaires may not be even able to put 100% of their money into anything without blowing up the market. Silver is already a small market, can you imagine any really big player saying 100% of their managed portfolios are going into silver.<br /><br />A better question would be, if the billionaire in question had a choice, what % would they allocate to pm’s?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-71545526870614610572010-08-11T15:23:40.751-07:002010-08-11T15:23:40.751-07:00Maybe sorta kinda. I'm guessing gold is formin...Maybe sorta kinda. I'm guessing gold is forming a bull flag. We should know in a few days.Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-49163141884356014702010-08-11T15:23:16.982-07:002010-08-11T15:23:16.982-07:00I'm on the G-train to riches!I'm on the G-train to riches!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-42842653935639952992010-08-11T15:21:44.324-07:002010-08-11T15:21:44.324-07:00Time to put the troll meter up again!
Khalid, 10-...Time to put the troll meter up again!<br /><br />Khalid, 10-15% of any multi-billionaire's portfolio is a huge amount, and in Paulson's case it's also his largest position which tells us all we need to know. Are you arguing for diversification, or that the gold bull bull is done?<br /><br />If you agree that gold is going higher, then that is the only issue here. Risk control is up to the individual, and the fact "only 10%" of a billionaire portfolio is in gold says nothing about where the billionaire thinks it's headed.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-9341691357071839932010-08-11T15:21:37.099-07:002010-08-11T15:21:37.099-07:00Speaking of coils and crawls, I offer the $GOLD da...Speaking of coils and crawls, I offer the $GOLD daily (and its 50dma) as an example of both.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-609333782745689272010-08-11T15:18:23.404-07:002010-08-11T15:18:23.404-07:00SLW has such a great business model. I am a big ow...SLW has such a great business model. I am a big owner % wise in terms of my silver holdings. The thing has cash cow written all over it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-66735173734732316042010-08-11T15:00:52.653-07:002010-08-11T15:00:52.653-07:00for those who care, goldman sachs just put out a n...for those who care, goldman sachs just put out a note saying gold will be at $1300 within 6 months.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-24268269771625309842010-08-11T14:53:43.112-07:002010-08-11T14:53:43.112-07:00I just bought 500 QLD at $55.20. This just seems l...I just bought 500 QLD at $55.20. This just seems like some type of selling climax happening in the after hours.<br /><br />Fading a move of this magnitude seems right, but we'll see.Wesnoreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-70416988961490999112010-08-11T14:38:13.552-07:002010-08-11T14:38:13.552-07:00Let me be clear. I don't think we are going to...Let me be clear. I don't think we are going to have hyperinflation anytime soon. It is a long process to arrive at that state, but we are on the road that leads to it. Will we get off the road before it happens? Who knows.<br /><br />Am I concentrated in PM? Yes I am. For the same reason Soros is buying PM (even if he is diversified) because it is a bull market and they always end in a bubble. Gold more so than most other assets as it is easier for the public to get into the PM market.<br /><br />If you don't believe in the gold bull then for heavens sake don't follow my lead. If you aren't prepared to weather healthy drawdowns, again don't follow my lead. <br /><br />I suppose if I was worth multiple millions or billions I would diversify across a wider spectrum of commodities but I'm not, so I prefer to concentrate on the one sector I think will ultimately outperform all others, at least during this stage of the commodity bull.Garyhttps://www.blogger.com/profile/14556370683669428668noreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-37177481500357623932010-08-11T14:37:47.193-07:002010-08-11T14:37:47.193-07:00Clarification: Fundamentally Rogers and Gary's...Clarification: Fundamentally Rogers and Gary's justification for gold investing is the same, and I don't buy their reasons. <br />In any case, I doubt these big super investors are more than 10% invested in gold and PM equities.khalidnoreply@blogger.comtag:blogger.com,1999:blog-7130708113832839690.post-26374201787682516662010-08-11T14:34:59.818-07:002010-08-11T14:34:59.818-07:00Record earnings reported by SLW after hours.
htt...Record earnings reported by SLW after hours. <br /><br />http://finance.yahoo.com/news/Silver-Wheaton-reports-record-prnews-1936960711.html?x=0&.v=15Anonymousnoreply@blogger.com