and sell the news of an Obama victory? One would have expected gold to shoot through the roof once it was confirmed Romney lost, and that FSLR would go apeshit with 4 more years of this green administration. While they both have headed in the logical directions, it wasn't until after a shakeout that it happened.
I only heard about more deficit spending under Romney than Obama. So I'm not sure why Gold would shoot through the roof when the fully expected Romney Loss is indeed what happened. If anything Gold would have gone through the roof if Romney had won.
I disagree. Remember when Romney send it was "criminal" how much money we were printing ? A re-election of Obama assures that Bernanake stays in and QE Infinity stays in place for the foreseeable future printing $40B+ a month in new dollars. That's why gold will continue to rise - along with all the other economic and currency issues around the world.
Ninebagger - First, gold is reacting as it should. Obama may even buy Bernanke new printing presses for the Treasury that can not only print money faster, but do it in an energy efficient way. FSLR ? It did get the Obama bounce, but I think it now it is being held up by short covering for fear of higher capital gains tax rates next year. Same reason AAPL is tanking - lock in profits at guaranteed capital gains tax rates.
I agree that gold is moving as it should, only I thought that since it had run so much, qe3 already was priced in(as well as Obama's victory) and that people would be doing tax selling that I took the contrarian trade(and paid for it). As far as AAPL is concerned, I went from long to short for a number of reasons. I know you were long at one time, buying on the dips. I am totally out of AAPL right now and have absolutely no feel for it any more.
The 2 best trades for a long time was short FSLR(we really did clean up, didn't we?) and long AAPL. Any idea when to get back in on AAPL(they're talking 425) and reshort FSLR?