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Old 12-13-2010, 08:36 AM   #41
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I bet when gold is many times more expensive than tequila that is good sign that gold is in a bubble.
The gold-tequila spread is a key leading indicator of romantic success.
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Old 12-13-2010, 09:55 AM   #42
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So Goldschlager must be the best of both worlds?
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Old 12-13-2010, 10:28 AM   #43
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IMO - it looks like a momentum play.

+1


And so I am up 30% on my small play... I just keep moving up my exit point that will lock in a gain... so unless it crashes quickly... I am ahead of the game...
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Old 12-14-2010, 12:58 PM   #44
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I just sold $1150 worth of physical silver and gold coins via craigslist. Probably made a 400% profit on this stuff. Nice!

FYI, I sold for 99% of the spot price.

The guy buying them was a 69 year old guy (most likely retired) who was buying them as an investment (gold/silver bullion). Clearly he knows gold and silver is priced very preciously, but he still wants to buy. It sounds like he has bought a fair amount lately from private sellers, and he said most sellers were saying "it is the right time" to sell. All it takes is 2 market participants with different ideas to create a transaction.
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Old 12-14-2010, 01:04 PM   #45
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Bubbles tend to be easy to spot.

What isn't easy to spot is exactly when they are going to pop, or whether they may still keep inflating for a while before popping. That's why playing bubbles -- either chasing "hot money" hoping it gets hotter or shorting it because you assume it has to pop soon -- is such a dangerous fool's game, IMO.

As the old saying goes, the market can remain irrational a lot longer than you can remain solvent.
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Old 12-14-2010, 10:26 PM   #46
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I just read one of those doom and gloom by Steve Sjur#$@%^%$......(don't know how to spell the rest of his name!) And he says the dollar is not going to be the currency all the countries use, and right now, even in places like Manhattan, stores have signs in the windows that say, "Euros accepted". And he said gold can go to $5,000 - $6,000 over the next two years. As the currency changes, oil will go sky high......like the prices Europeans pay right now.
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