Loading ...eventual public interest in PM investing, fits in with the 23:23 item I just posted to Deadeye and ArchStanton regarding my hunch that some significant parts of the public in a few locations in the world have already tuned into the fact that physical PMs can now be purchased at prices that will be viewed as bargains in the future.
Best wishes. Equiz
At the New Orleans Investment conference in October, for example, attendance was lower than last year. Several of the speakers also commented on a general lack of enthusiasm.
Considering that these attendees are mostly gold investors, and gold was more than $200 higher than it was last year, this is quite strange. But this nonchalance tells us that gold’s bull market still has a lot further to go. In other words, the normal psychological steps, which happen in any bull market, have barely gotten started.
some postings from China on Goldtent to get some inkling on what is really going on there. I agree that it would be nice to hear firsthand from some residents of China who are involved in the markets.
My hunch, and I really have no substantiation of it, is that many people in China who have the financial means to do so are accumulating physical gold for their personal possession. But if this is the case, maybe they would not wish to reveal their hand on Goldtent, as ArchStanton suggested, if they think they are onto a good thing by accumulating their personal stores of physical gold and/or silver.
All of this is just my speculative thoughts and none of it is intended to be accompanied by a <g>. I seriously think that Chinese people with personal cash to spare are investing in physical PMs and I think the same for the same class of individual entrepenuers in India and in many parts of the Islamic world. And I would also not be surprised to read someday soon that many members of the public in Russia are also accumulating their personal stores of physical PMs.
Best weekend wishes to you both. Equiz.
You have certainly been successful with many of your PUT selections this year, well done!
I agree with Deadeye that the vast MAJORITY will lose shorting, just like the vast majority lose in trying to trade in and out of the market or a particular stock. Having said that, I do believe there are people who have the right emotional set up, knowledge and ability to be successful at trading or shorting and can be very successful buying or shorting. I don’t know the number but I would guess that it is 5% to 10% who are successful.
I think you do it the right way because you (to my knowledge) don’t acutally short a stock or the market but you go short thru puts and your exposure is limited to the amount of the put. Your puts that you have announced here have certainly been very good. Keep up the good work.
make a “killing”. Deadeye
Deadeye, I’m glad I ignored your well placed advice earlier this year. I’m not saying that it is right for everyone or that it’s easy money; perhaps the “killing” is behind us. If you think about it, most investors will cite the same mantra as you about being short this or that. Sometimes it pays to be a contrarian — it’s not solely a “fool’s game”.
I leave a few of my favorite imagination quotes; i’m glad mine still works:
Everything you can imagine is real.
- Pablo Picasso
Imagination rules the world.
- Napoleon I
To know is nothing at all; to imagine is everything.
- Albert Einstein
Anyone who thinks the sky is the limit, has limited imagination.
- Unknown
I often think of the great day we had when so many were able to meet at LP’s (thanks LP!) and would be happy to jump on a plane anytime in ‘08 if a few are able to gather.
Envelope went out on Thursday’s mail even tho I placed it into the box on late Wednesday……………..
So you should have it be Saturday at the latest……
We must get together again in the New Year. I’ve got some big water tanks now, so no need to worry about bringing a bucket on the plane with which to wash the Merc., but thanks for the thought.
Cheers
market and I will show you a thousand who lost their shirts. Deadeye
When I read you saying “here’s another example of Aussies being offensive….”
With the number of available options racing through my mind (starting with “Bazza Mackenzie” and working through to the present day) I let out a sigh of relief when you proved once again what a gentleman you are by just referencing the “Ho Ho Ho” incident.
Best wishes to you and your family.
If you had any idea how many millions you could have made being short (via puts) on mortgage brokers, mortgage insurance companies, and thrifts this year - you would certainly realize you are completely wrong with that belief. i shite you not.. <g>
Yeah I love it when that happens.. <g> [ie. when it goes your way, right away]
The feds “plan” sure was a big NOTHING this week! We got those chumps….
I’ll toot my horn a little tonight w/r/t my belief a couple of weeks back that a ST reversal in the buck was imminent:
A couple of brief take aways from this. 1) Gold typically anticipates a move in the buck or anything for that matter…this make trading it very difficult. 2) those big doji’s are critical to watch as a trader.
there are only two things dummer than being short any market; being on margin and being out of Gold. Deadeye
They don’t learn much, though! I always thought it pointless to learn a language that not even the indigenous speakers can write. Very few chinese can write more than a few hundred characters. The japanese are fortunate, ‘cos they have the syllabary as well, and very few college graduates retain more than seven hundred hieroglyphs within eighteen months of leaving uni.
Let them learn english. And indeed this is what they are doing. A friends daughter has been teaching it to two year olds in China for several years.
My daughter starts high school in January learning 75% of the syllabus in german, from day one. No english will be spoken in these classes.