Monday, April 30, 2012
Now back to the game. By now you must be aware of the the gold beatdown premarket that unleashed a tremendous amount of fear in the peeps. Never fear......buying resumed immediately and the onslaught was reversed with only a minor amount of casualties. 7500 contracts in one minute were sold.....That's 750,000 oz of gold..........and the miners and gold closed green....hmmmmm. gl
Posted by kliguy38 at 11:07 PM
Sunday, April 29, 2012
Posted by kliguy38 at 10:47 PM
Thursday, April 26, 2012
I won't trade the miners here.They took it down to bargain levels and I'm in the trade for the haul. So bitch slap away boyz. Most of you are seasoned in this trade and I don't have to remind you that this trade can get a lot uglier before the worm turns. Just look at the liquidity takedown in 20008. I think the worm is going to turn and turn hard but that could still be weeks or months away. A lot of horrific news is coming in the economy and we aren't going to have a lot of hard choices soon so gl .
Posted by kliguy38 at 5:36 PM
Posted by kliguy38 at 12:59 AM
Tuesday, April 24, 2012
More importantly you may wish to start spending more time storing essentials in your home. There is nothing wrong with preparation. The worst that happens is your spouse rolls their eyes at you at your new found love for storing toilet paper and cans of food. I can identify with that. Guess what happens though if the need does arise from hyperinflation or a natural disaster or other man made disaster. You just might wish you spent a little of your free time preparing. I don't know if its going to be a SHTF type of scenario but I can afford to prepare.
Enjoy your free time if you are fully invested and waiting for the next long term move up in the miners. If you are still trading or you wish to comment daily then PULEEEZE do......that's the point of this blog.....YOUR COMMENTS! gl
Posted by kliguy38 at 10:37 PM
Monday, April 23, 2012
(Reuters) - Syria is trying to sell gold reserves to raise revenue as Western and Arab sanctions targeting its central bank and oil exports begin to bite, diplomats and traders said.
Western sanctions have halved Syria's foreign exchange reserves from about $17 billion, French Foreign Minister Alain Juppe said on Tuesday after a meeting with about 60 nations aimed at coordinating measures against President Bashar al-Assad's government.
"Syria is selling its gold at rock bottom prices," said a Western diplomatic source, declining to say where it was being sold.
A second diplomatic source confirmed the information, adding that Damascus was looking to offload everything it could to raise cash, including currency reserves.
On February 27, the European Union agreed more sanctions including prohibiting trade in gold and other precious metals with Syrian state institutions, including the central bank.
Posted by kliguy38 at 8:45 PM
Posted by kliguy38 at 1:13 AM
Thursday, April 19, 2012
Posted by kliguy38 at 9:33 AM