Useful Links

BoutDone · 04-09-2008, 04:40 PM

There are two relatively new ETF's for gold. Thought those interested might be interested in my commentary I post on another forum.

Sure glad I held onto my Gold. Remember $HUI support is 420. Actually I trade DGP for a double long gold play and DZZ for a double short gold play. DGP up today +4.16% Thank you very much.

Still watching the $HUI 480 level. If we don’t break that, I’ll sell at least 1/2 position. The other half will go if 425ish does not hold. A break of 420 and I take a position in DZZ (double short gold) with a stop at 420. But, let’s not get ahead of ourselves.

Stay tuned.

unclemick · 04-09-2008, 04:49 PM

1973 10% of a Joint Venture - patented mining claim outside of Jamestown, CO.

Any day now, any day - just you wait and see.

heh heh heh -

.

BoutDone · 04-09-2008, 04:56 PM

Quote:

Originally Posted by unclemick

1973 10% of a Joint Venture - patented mining claim outside of Jamestown, CO.

Any day now, any day - just you wait and see.

heh heh heh -

.

Sorry, but I have no idea what you are hinting at here. Are you saying you got duped into a "make it rich quick" scheme?

Brat · 04-09-2008, 04:59 PM

BoutDone, quite frankly I have no idea what YOU were talking about, your first post looked to me to be a get rich quick scheme.

BoutDone · 04-10-2008, 04:08 AM

Quote:

Originally Posted by Brat

BoutDone, quite frankly I have no idea what YOU were talking about, your first post looked to me to be a get rich quick scheme.

Well, this is a stock picking forum. DGP & DZZ are stocks, ETFs (electronically traded funds) actually. One for going long - DGP - profit when price of gold goes up and one for going short - DZZ - profit when price of gold goes down.

$HUI is the gold bugs index that tracks the price of gold. It is on most all charting services. Follow the $HUI and trade either DGP or DZZ depending on what you think the future price of gold ($HUI) will be. My original post provides a guide to as to what the price of gold may do and when to trade, IMHO. Can't splain it any clearer than that.

No get rich scheme here just solid investing, swing trading more appropriately. Maybe the 4.16% gain in one day threw you off. There are ways to make more than money market rates you know.

ziggy29 · 04-10-2008, 07:48 AM

I like gold and gold miners for about 3-5% of a diversified portfolio, but much more than 5% starts to scare me.

Grizz · 04-10-2008, 08:16 AM

I get what he's doing, but geez, trying to "swing trade" gold? Good for you if you can pull it off, but I tend to go after longer term, and at least in my opinion more stable trades.

unclemick · 04-10-2008, 01:13 PM

Hmmm - I believe Raddr is still keeping his gold timing model up to date.

Goggle up - Raddr's Early Retirement and Financial Strategy Board.

heh heh heh -

. Got some mad money - well do ya!

.

Patrick · 04-10-2008, 02:51 PM

Quote:

Originally Posted by unclemick

Hmmm - I believe Raddr is still keeping his gold timing model up to date.

Goggle up - Raddr's Early Retirement and Financial Strategy Board.

heh heh heh -

. Got some mad money - well do ya!

.

Raddr's Early Retirement and Financial Strategy Board :: Index

Patrick · 04-10-2008, 02:53 PM

Quote:

Originally Posted by unclemick

Hmmm - I believe Raddr is still keeping his gold timing model up to date.

Goggle up - Raddr's Early Retirement and Financial Strategy Board.

heh heh heh -

. Got some mad money - well do ya!

.

Raddr's Early Retirement and Financial Strategy Board :: View topic - My Gold Valuation/Timing model

CarlK · 04-10-2008, 03:38 PM

Quote:

Originally Posted by BoutDone

...depending on what you think the future price of gold ($HUI) will be.

Over the long term it may just keep up with inflation.

BoutDone · 04-10-2008, 04:15 PM

Quote:

Originally Posted by CarlK

Over the long term it may just keep up with inflation.

Though the past is no guarantee of the future, price of gold went from $280/oz in 2002 to $930/oz today. So, in this six year period gold is up 332% or on a simple average +55% per year or roughly 23% compounded.

Just slightly ahead of inflation I think.

BoutDone · 04-10-2008, 04:32 PM

Quote:

Originally Posted by Grizz

I get what he's doing, but geez, trying to "swing trade" gold? Good for you if you can pull it off, but I tend to go after longer term, and at least in my opinion more stable trades.

You are very right. Swing trading is not a laid back sport. Still, with the ETFs that are out there now you can make some serious money regardless of the market direction. DGP (double long gold) and DZZ (double short gold) are only the two most recent ETFs targeted to gold. I also trade QLD (double long QQQQ), QID (double short QQQQ), DIG (double long oil) and DUG (double short oil).

I find it much easier to concentrate on only four things; gold, QQQQ, oil and interest rates (TLT) than to try to find the best of the gazillions of stocks and/or mutual funds out there. Actually, I only monitor interest rates - don't trade them.

CarlK · 04-11-2008, 06:55 AM

Quote:

Originally Posted by BoutDone

.. in this six year period gold is up 332% or on a simple average +55% per year or roughly 23% compounded.

At my age six years doesn't qualify as long term.

Actually, for what it's worth, I recently got out of gold. I bought IGT on the TSX at $70 and sold at $98 when gold broke through $1,000 an ounce. I figured that was the psychological barrier. I do think there is room for it to move up, may even reach $1,500. But, I'm not smart enough to time the market, nor predict the future (short-term anyway!).

headingout · 04-11-2008, 02:06 PM

I'm a long term investor, don't have time or expertise to manage frequent trades. But I've got a fair amount of metals and mining in my portfolio, approx 10% of my allocation. I don't expect lots of growth out of it, but what I like is the contrary movement. It has significantly insulated us from the current financial meltdown. As commodities in a scarce world it should do well. If things get really bad, I expect it to do even better. I see it as portfolio insurance with real intrinisic value: love it.

brewer12345 · 04-11-2008, 02:18 PM

Quote:

Originally Posted by headingout

I see it as portfolio insurance with real intrinisic value: love it.

Um, intrinsic value? So you plan on eating or burning gold at some point?

BoutDone · 04-11-2008, 02:27 PM

$HUI down 2.44% today to 441. DGP down 1% not so bad. For me the magic support level is $HUI 425. If we get down there let's see how it acts. If it drops below - I' out. A break of 420 and I short gold via the DZZ.

Stay tuned.