Welcome back!
and then…*poof* gone again…see you in 2015 JDV! he’s like a comet
Bite me.
JoeyDVivre Wrote: ------------------------------------------------------- > Bite me. Hmmm, maybe he is back.
hey who doesn’t like comets?!?!? and what do you think about my move to short gold with DZZ?
Uh, wasn’t it up like 7% today? Today I think it sucks. The problem with shorting gold is that it’s sorta like going long dollars and since just about everything Americans own is denominated in dollars, it’s almost never a risk-reducing trade. I think gold at these levels is just nuts though and I can’t imagine what the world is thinking. A cool graph is the graph of oil denominated in gold (i.e., how many grams of gold does it take to buy a barrel of oil). It’s currently at a pretty ridiculous level…
Until the opportunity cost of holding gold goes up (interest rates rise) and central banks stop printing money… I think gold prices can remain elevated.
JoeyDVivre Wrote: ------------------------------------------------------- > A > cool graph is the graph of oil denominated in gold > (i.e., how many grams of gold does it take to buy > a barrel of oil). It’s currently at a pretty > ridiculous level… I remember reading about this as one of the best ways to measure the true value of the yellow stuff. Good call. *bows away and apologizes for ever praying to qqqbeee*
“I think gold at these levels is just nuts though and I can’t imagine what the world is thinking.” yes edit: you also said that because american’s own dollar denominated assets that it does not reduce risk. couldn’t an argument be made that all my equity stocks are in the red today and DZZ is one of a few greens? just wondering. not arguing. I want to see how much we can get out of you before you jet.
Welcome back Joey. Pass rates are sure to start increasing again
Let’s do that…