Storm, give us the scoop on PM's
NumbersUsacom
Posts: 1,457 ✭
No vacation for PM diehards 
NumbersUsa, FairUs, Alipac, CapsWeb, and TeamAmericaPac
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Shorts always make money while Longs always lose.
roadrunner
<< <i>I believe Storm is still actively shorting PM's. When they drop in price again, he will be back to remind us all. Though if gold rises to $950 from here, I don't think he's staying short. Though in talking to shorts, it seems they make more money the higher gold goes.
Shorts always make money while Longs always lose.
roarunner >>
i wish i could figure that out, too, honest
<< <i>
<< <i>I believe Storm is still actively shorting PM's. When they drop in price again, he will be back to remind us all. Though if gold rises to $950 from here, I don't think he's staying short. Though in talking to shorts, it seems they make more money the higher gold goes.
Shorts always make money while Longs always lose.
roarunner >>
i wish i could figure that out, too, honest >>
The motto is "Dont get sore, short some more!!"
Knowledge is the enemy of fear
<< <i>I believe Storm is still actively shorting PM's. When they drop in price again, he will be back to remind us all. Though if gold rises to $950 from here, I don't think he's staying short. Though in talking to shorts, it seems they make more money the higher gold goes.
Shorts always make money while Longs always lose.
roarunner >>
I have been taking it in the shorts in the market...does that count??
We are correct some of the time and Storm is correct some of the time....I just hope we are correct more than he is
I've been desiring to take a position one way or the other over the past two days,
but the technicals imo will not give me a clear or even 75% direction.
50% seem to indicate down and 50% seem to indicate up with seemingly no give, and this is throughout the day.
So I'm on the side lines.
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ALL of my PM positions remain the same.
I would certainly SHORT more GLD above $970. Not a boatload, but some more.
I will cover SLV if silver gets near $15.60; my tea-leaves say that is "about" a breakout signal.
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If I had NO physical PMs, I would buy some; not a bunch, but some.
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I have medium-sized deposits at wamu (WM). Looks like I have a new banker in the morning.
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I oppose the pending "bailout." It is not necessary.
The bankers are issuing bogus threats; their corrupt politicans are buying it.... with OUR money.
The tighter credit gets, the more money my biznez makes; up to the point I cannot borrow.
That point is likely not close.
IF the crooks and the politicos want to tank the economy, let 'em do it. Those of us that
can get cash will be just fine.
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The automakers got $25B yesterday. Platinum could benefit a little, soon.
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I am long some defense stocks.
I am long both DUG and DIG. MOST folks think they are direct opposites; they aren't.
I am way SHORT of EBAY. (My largest position.)
I had to cover my long time BAC position, but still made a SMALL profit. (I would NOT
have covered if the prohibition had not been instituted. Holding long term SHORT
positions really only works safely if you can SHORT more when the price goes against
your position.)
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Cramer should be in prison. He was a major facilitator of some of the Naked-Short
scams that brought us to where we are today. The FBI will continue to snoop until
they get the job done.
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prominent signals of weakness before going short. If Gold blasts over 960.00-980. or so, historically sometimes third times the
charm and it may not hang out around 1000 but rocket right on past. Solid weakness for me, because i'd hate to be caught on
the short side of a Polaris Missle. Good to hear from you, and enjoyed your views.
"""I will cover SLV if silver gets near $15.60; my tea-leaves say that is "about" a breakout signal."""
Breakout UP or DOWN?
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Silver is the mortar that binds the bricks of loyalty.
Your broker loves you.
Knowledge is the enemy of fear
<< <i>"""I will cover SLV if silver gets near $15.60; my tea-leaves say that is "about" a breakout signal."""
Breakout UP or DOWN?
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UP
<< <i>I am long both DUG and DIG. MOST folks think they are direct opposites; they aren't
Your broker loves you.
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Not as much as I love her.
I knew it would happen.
<< <i>Okay, I'll take the lazy way out - what are DIG and DUG?
Dig Dug is an arcade game released by Namco in 1982 for Namco Galaga hardware.
seriously though:
Ultra Oil & Gas ProShares (Public, AMEX: DIG)
UltraShort Oil & Gas ProShares (Public, AMEX: DUG)
Storm with that Bolded tag line re: ebay not being happy until your not happy (read: false rumor)
And now that you let them know your "way short" ebay , and that its your largest position, you may get
a different kind of knock on your door this weekend- they need all the scape goats they can lay their hands on.
<< <i>storm, I especially liked your comments about knucklehead Cramer. >>
Today was the first time I have ever agreed with Cramer.
You guys have have no idea what could happen, no idea.
Knowledge is the enemy of fear
<< <i>
<< <i>storm, I especially liked your comments about knucklehead Cramer. >>
Today was the first time I have ever agreed with Cramer.
You guys have have no idea what could happen, no idea. >>
I didn't watch his show today. As for his 'correct' call......
Even a blind squirrel finds a nut once in a blue moon.