Let's face it we are due for a pullback. I am very bullish on gold but we are not going straight up. Snow likes his strong dollar week :-) IMHO, enought hype to come out this weekend to support the dollar and create a mild correction in gold.
I am seeling all gold position except for GSS (special situation plus I only own 7,000 shares of GSS at $4.19). Hopefully I will not regret selling my RGLD but I have $3 1/4 and I do not want to be a pig. I planning to buy back on weakness until January. Let's see it we get any weakness. I might look foolish selling at these levels next week.
he really didn't short the dollar. he just went long 6 different currencies vs. the dollar. Not sure which 6 but you can narrow it down pretty easily. He has not been buying gold but is a buyer of silver. I agree that there is much more leverage in silver 7.57 to 50 is = to gold 440 to 2906. silver will have a better % move.
You know much more about GSS than me...my five cents worth are to be careful of any company where rain plays a role in earnings and restructuring charges are huge compared to real income
What are your thoughts about GSS? I seems like a good value. Personally, I think the market overreacted to a very ugly quarter. Hopefully a one-time event.
Thx on the compliment. I do not trade as often as you guys. My gut tells me that I am going get a chance to relaod when POG moves back to $427-$430. Are you thinking the same?