Golden Boy

HERE WE GO. CHICKEN SELLING GOLD, ME BUYING GOLD

2011-12-17T08:38:00.000-08:00

It is impossible to keep a strategy when the market goes nuts. I just had to sell all my shares and I am 80% invested in gold (GLD), 10% in Apple and 10% in cash. No way to lose this opportunity to make some easy money.

IBM IS BECOMING AN ICON

2011-11-14T13:28:00.001-08:00

I am looking to sell Apple and buying IBM.

No looking back. Gold will prevail and at these prices is a good time to buy.

2011-10-23T09:46:00.001-07:00

GOLD RULES AGAIN

2011-10-09T05:43:00.001-07:00

Buying gold bullion and spdr like mad at these prices. No way to look back.

A SUSTAINABLE PLAN HAS TO BE PUT FORWARD TO SAVE GREECE

2011-09-25T11:34:00.000-07:00

It is impossible to save Greece (and the EURO) without a plan that is feasible. The Greeks will no longer accept a promise of blood, sweat and tears alone. If Greece goes burst many will follow (Italy in the front row).

I WILL FOLLOW THE BIG GUYS-BUY WHEN OTHER ARE SELLING WITH NO REASON

2011-09-25T11:07:00.001-07:00

"Most investors are about equally good (or bad) at selecting stocks and other investments as well as at “timing” the market. However, some investors are more responsible and disciplined in their approach and that is where the superior performance comes from."

Hopefully a day to buy when everybody will sell. I will buy Apple, no doubt.

2011-09-19T05:55:00.001-07:00

GOLD VS APPLE, DOW JONES AND S&P-APPLE IS A WINNER

2011-09-18T14:04:00.000-07:00

GCZ1 : CEC:Commodities Exchange Centre

1 Day
5 Day
1 Mo
3 Mo
6 Mo
YTD
1 Yr
3 Yr
5 Yr
10 Yr

BUT GOLD DOES VERY WELL

KRUGMAN ON GOLD

2011-09-18T13:58:00.001-07:00

"And this says that the price of gold should jump in the short run.

The logic, if you think about it, is pretty intuitive: with lower interest rates, it makes more sense to hoard gold now and push its actual use further into the future, which means higher prices in the short run and the near future.

But suppose this is the right story, or at least a good part of the story, of gold prices. If so, just about everything you read about what gold prices mean is wrong.

For this is essentially a “real” story about gold, in which the price has risen because expected returns on other investments have fallen; it is not, repeat not, a story about inflation expectations. Not only are surging gold prices not a sign of severe inflation just around the corner, they’re actually the result of a persistently depressed economy stuck in a liquidity trap — an economy that basically faces the threat of Japanese-style deflation, not Weimar-style inflation. So people who bought gold because they believed that inflation was around the corner were right for the wrong reasons.

And if you view the gold story as being basically about real interest rates, something else follows — namely, that having a gold standard right now would be deeply deflationary. The real price of gold “wants” to rise; if you try to peg the nominal price level to gold, that can only happen through severe deflation.

OK, none of this necessarily rejects other hypotheses about gold; in particular, there could be a bubble over and above the Hotelling aspect. But the crucial message is, I think, right: If you believe that gold prices are signaling an inflationary threat, I have to tell you, I do not think that price means what you think it means."

HELP GREECE OR FORGET THE EURO

2011-09-18T13:43:00.000-07:00

Unfortunately the European leadership of Europe is now very weak, and Ms. Merkel has no strength to do what has to be done (i.e. promote asap the Eurobonds). The UK is out of this game, as usual. France is trying to play a role, but its importance has long disappeared. So while Greece is on life support, the markets will suffer.

FABER'S ALLOCATION STRATEGY

2011-09-18T13:38:00.000-07:00

"I have 25 per cent in real estate and real estate-related equities here in Asia, 25 per cent in gold, 25 per cent in stocks and 25 per cent in cash".

Although it looks fine, I thing it is not yet the time to have that much in real estate (I am invested in NLY, but only 5% of the total) and also the gold share seems excessive (I will stick with 10%). I have now 70% in stocks, 10% in gold, 5% in real estate and 15% in cash).

WAITING FOR GOLD PRICES TO FALL TO BUY AGAIN

2011-09-18T02:12:00.000-07:00

Gold, being overbought right now, is likely to fall. Be patient and buy on the dip.

FABER'S PERSPECTIVE ON GOLD

2011-09-17T14:21:00.000-07:00

"I think it is important for investors to understand the role of gold as an insurance against a systemic failure and not necessarily as a hedge against inflation. I should add that I own gold for both reasons, believing that it will perform well in both an inflationary and deflationary environment. In addition, I am not selling any gold but traders should realise the gold price is extremely overbought and that it could easily drop toward the 200-day moving average – that is, between $1,500 and $1,600 (not a prediction). As I just said, I am not selling my gold because I expect much higher prices in future. But, near term, both T-bonds and gold appear vulnerable to a more serious correction"

I WAS RIGHT BEING BULLISH ON APPLE

2011-09-16T01:00:00.000-07:00

I WONDER HOW

2011-09-15T07:57:00.001-07:00

SI can be so cheap....

MARC FABER VERY BULISH ON GOLD

2011-09-12T10:53:00.001-07:00

"According to some statistics the gold price today should be worth between $6,000 per ounce and $10,000 per ounce. "

I agree, but still think the $2000 resistence level will be crutial.

MY MEDIUM/LONG TERM BETS

2011-09-12T10:47:00.000-07:00

- AAPL
- DGP
- WMT
- XOM
- KO
-NESN
-SLW
-MON
-INTC
-JNJ
-DFJ
-MSFT
-NLY

ALEA IACTA EST

Being Greedy

2011-09-12T06:51:00.000-07:00

For the long time investor there could be no better time to start buying stocks like there was no tomorrow. The prices are so cheap, there is no way to lose money (in the medium term-buy now and forget about your stocks for a while). I will disclose my portfolio soon, after buying some bargains. I can tell you though that Apple is on my shopping list and I am also starting to bet on the medium/long term on real estate (to be sure I am buying NLY with a 14,6% yield). I am also obliged to buy DGP at this price.

EURO-SELF FULFILLING PROFECY

2011-09-12T00:51:00.000-07:00

With Germany, the only relevant european economical power-house, on the ropes due to electoral pressures, Greece is most likely to go down. I will start to bet heavy against the Euro, there is no other way.

9/11

2011-09-11T13:55:00.000-07:00

A day of remembering. So that it may never happen again.

CHF

2011-09-09T02:50:00.001-07:00

How long will Switzerland be able to maintain the 1,2 Euro threshold intact, by printing money to buy foreign currency and to allow the Swiss companies to keep afloat? This is the 1,000,000 USD question now. I bet they will not be able to keep with it after 31 December, namely if the economy rebounds.

Ups - here we go with a nice one day profit with DGO - bought at 66.93 sold at 69,58, made an easy 26,500 USD

2011-09-08T06:51:00.000-07:00

Deutsche Bank AG DB Gold Double

(NYSEArca: DGP )

Real Time69.58 2.58 (3.85%) 9:47AM EDT

Last Trade:	67.00
Trade Time:	Sep 7
Change:	0.00 (0.00%)
Prev Close:	67.00
Open:	N/A
Bid:	69.85 x 1400
Ask:	69.88 x 1500
NAV¹:	39

YTD Return
Day's Range:	N/A - N/A
52wk Range:	33.11 - 73.71
Volume:	166,463
Avg Vol (3m):	1,367,980

Can't resist-it is a bargain at this price!!!!!

2011-09-07T13:33:00.000-07:00

As I suspected gold went down, and this is most likely the medium term trend. In the meantime in the sell off just bought some

PowerShares DB Gold Double Long ETN - 9:22AM EDT
DGP	66.93	-4.56 (-6.38%)
Open:	0.00	Day Range:	66.73-70.00
Previous Close:	71.49	52 Week Range:	33.11-73.71

Good to know: Marc Faber on gold

2011-09-06T04:38:00.001-07:00

“I don’t think that gold is in a bubble. When you buy gold, it’s an insurance against systematic failure and problems in the financial markets.

LONG ON APPLE!!!

2011-09-06T01:10:00.001-07:00