Gold

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[quote author="PANDA" date=1224738732][quote author="IrvineRenter" date=1224738175][quote author="graphrix" date=1224625991][quote author="morekaos" date=1224624440]$771.40 down $26.60. Not sure where the bottom is here</blockquote>


Total whackage on gold right now. Haven't heard much from Panda lately. First it is the dollar, now it is gold. It's like double dipping in the ugly pool.</blockquote>


When Panda gives up and sells, then we are at the bottom.</blockquote>


Are you kidding me Irvine Renter??.. I am loading it up on Gold right now. I am practically completely out of the U.S. Paper Trash. It sure does feel like buying a nice SFR in Newport Coast for only $500,000. The U.S. paper trash will Crash.</blockquote>
Panda, why do you think gold is going down lately?

And please don't answer me with questions. That drives me CRAZY!
 
[quote author="usctrojanman29" date=1224731575][quote author="morekaos" date=1224730630]Try down $50.70 at $722.30 (dec), I guess the old war cry "600 here we come" is back in fashion</blockquote>
Wow, what a move. I think I may have stated this in another thread, but "whatever had a parabolic increase in price in the recent year or two will meet the same fate as housing is." What comes up (especially when it's too fast), must come down!</blockquote>


This is almost scary. Historically major crashes bottomed when DOW to GOLD ratio was 2:1-4:1.

You would figure that gold should be rising in times like this while the market is falling, but gold is falling as well. The rumor on the street is that gold has been manipulated with and inflated to where it shouldn't be, thus the fall or rather a lack of skyrocketing value. However, if that is the case where does that price in DOW with the current price of gold?



At 2:1, 3:1, and 4:1 DOW/Gold Ratio gives us a 1,400, 2,100 or 2,800 DOW (rough estimations).



Weird times...
 
[quote author="PANDA" date=1224738732][quote author="IrvineRenter" date=1224738175][quote author="graphrix" date=1224625991][quote author="morekaos" date=1224624440]$771.40 down $26.60. Not sure where the bottom is here</blockquote>


Total whackage on gold right now. Haven't heard much from Panda lately. First it is the dollar, now it is gold. It's like double dipping in the ugly pool.</blockquote>


When Panda gives up and sells, then we are at the bottom.</blockquote>


Are you kidding me Irvine Renter??.. I am loading it up on Gold right now. I am practically completely out of the U.S. Paper Trash. It sure does feel like buying a nice SFR in Newport Coast for only $500,000. The U.S. paper trash will Crash.</blockquote>
Hope you aren't buying that on margin because you will be stopped out quicker than you think. Gold got run up just like the other commodities did by "hot money" from hedge funds. You still don't get that the US dollar is the safe haven currency. I mean, look at what's happening with the Euro. I still stand by my statement that "so goes the US so goes the world."
 
Panda, you really think this is a bull trap? Look at the charts on gold and UUP. It may slow but never step in front of a train. You will only make that mistake once.
 
[quote author="CalGal" date=1224738858][quote author="PANDA" date=1224738732][quote author="IrvineRenter" date=1224738175][quote author="graphrix" date=1224625991][quote author="morekaos" date=1224624440]$771.40 down $26.60. Not sure where the bottom is here</blockquote>


Total whackage on gold right now. Haven't heard much from Panda lately. First it is the dollar, now it is gold. It's like double dipping in the ugly pool.</blockquote>


When Panda gives up and sells, then we are at the bottom.</blockquote>


Are you kidding me Irvine Renter??.. I am loading it up on Gold right now. I am practically completely out of the U.S. Paper Trash. It sure does feel like buying a nice SFR in Newport Coast for only $500,000. The U.S. paper trash will Crash.</blockquote>
Panda, why do you think gold is going down lately?

And please don't answer me with questions. That drives me CRAZY!</blockquote>






So if hedge funds are pushing gold price down by being hungry for cash where will money come from to push price of gold up?
 
[quote author="PANDA" date=1224738732][quote author="IrvineRenter" date=1224738175][quote author="graphrix" date=1224625991][quote author="morekaos" date=1224624440]$771.40 down $26.60. Not sure where the bottom is here</blockquote>


Total whackage on gold right now. Haven't heard much from Panda lately. First it is the dollar, now it is gold. It's like double dipping in the ugly pool.</blockquote>


When Panda gives up and sells, then we are at the bottom.</blockquote>


Are you kidding me Irvine Renter??.. I am loading it up on Gold right now. I am practically completely out of the U.S. Paper Trash. It sure does feel like buying a nice SFR in Newport Coast for only $500,000. The U.S. paper trash will Crash.</blockquote>


I just hope you are not doing this with a large percentage of your life's savings...



In the long term, you may be right (although I doubt it,) but the painful drawdown you will experience on the way to being right is something I won't envy.



BTW, if you do give up, please let us know. I will buy some gold then ;)
 
[quote author="usctrojanman29" date=1224731575][quote author="morekaos" date=1224730630]Try down $50.70 at $722.30 (dec), I guess the old war cry "600 here we come" is back in fashion</blockquote>
Wow, what a move. I think I may have stated this in another thread, but "whatever had a parabolic increase in price in the recent year or two will meet the same fate as housing is." What comes up (especially when it's too fast), must come down!</blockquote>


Well, that just shows that the Fed is trying to fight asset deflation by increasing money supply but as we can see that isn't doing much right now. I think what is going on is the Fed is replacing the capital that has been lost due to deleveraging with currency so we may be in the same place when you look at the sum capital with huge leverage & less Fed currency vs. low leverage & more Fed currency (I hope that makes some sense).
 
[quote author="IrvineRenter" date=1224761841][quote author="PANDA" date=1224738732][quote author="IrvineRenter" date=1224738175][quote author="graphrix" date=1224625991][quote author="morekaos" date=1224624440]$771.40 down $26.60. Not sure where the bottom is here</blockquote>


Total whackage on gold right now. Haven't heard much from Panda lately. First it is the dollar, now it is gold. It's like double dipping in the ugly pool.</blockquote>


When Panda gives up and sells, then we are at the bottom.</blockquote>


Are you kidding me Irvine Renter??.. I am loading it up on Gold right now. I am practically completely out of the U.S. Paper Trash. It sure does feel like buying a nice SFR in Newport Coast for only $500,000. The U.S. paper trash will Crash.</blockquote>


I just hope you are not doing this with a large percentage of your life's savings...



In the long term, you may be right (although I doubt it,) but the painful drawdown you will experience on the way to being right is something I won't envy.



BTW, if you do give up, please let us know. I will buy some gold then ;)</blockquote>
Agreed, we can use Panda as our indictor that gold has hit bottom and the US dollar has peaked. Seeing gold drop the way it has must be true Chinese water torture for anyone who's make huge bets on going long gold. I see the dollar continuing to rally as Euro-land economies slow down and they start slashing interest rates & growth rates in Asia slow dramatically.
 
[quote author="IrvineRenter" date=1224761841][quote author="PANDA" date=1224738732][quote author="IrvineRenter" date=1224738175][quote author="graphrix" date=1224625991][quote author="morekaos" date=1224624440]$771.40 down $26.60. Not sure where the bottom is here</blockquote>


Total whackage on gold right now. Haven't heard much from Panda lately. First it is the dollar, now it is gold. It's like double dipping in the ugly pool.</blockquote>


When Panda gives up and sells, then we are at the bottom.</blockquote>


Are you kidding me Irvine Renter??.. I am loading it up on Gold right now. I am practically completely out of the U.S. Paper Trash. It sure does feel like buying a nice SFR in Newport Coast for only $500,000. The U.S. paper trash will Crash.</blockquote>


I just hope you are not doing this with a large percentage of your life's savings...



In the long term, you may be right (although I doubt it,) but the painful drawdown you will experience on the way to being right is something I won't envy.



BTW, if you do give up, please let us know. I will buy some gold then ;)</blockquote>


Panda has been touting DGP (the double long gold ETF), so he has been loading up on gold, just loading up the losses.



http://img108.mytextgraphics.com/photolava/2008/10/23/panda2xg-4caduhksn.jpeg



He has also been bullish on China and FXI in particular.



http://img107.mytextgraphics.com/photolava/2008/10/23/pandafxi2-fmmzl791.jpeg



Then he was also bullish on India and FNI.



http://img109.mytextgraphics.com/photolava/2008/10/23/pandafni-4cadxgtpt.jpeg



Of course we can't forget how he was bearish on the dollar. Note: This chart should be down if you are bearish on the dollar.



http://img108.mytextgraphics.com/photolava/2008/10/23/pandadxy-4cadz2ffb.jpeg



Since Panda has been bearish on the dollar ever since he has joined IHB, then lets take a look at the 6 month chart on the DXY shall we...



http://img901.mytextgraphics.com/photolava/2008/10/23/pandadxy6-4cae0nopq.jpeg



But, sadly panda invested in a bunch of foreign currencies that are now worth a lot less, and exchanging them for dollars will only make his gold purchases more expensive. I have said to Panda to not bet against the dollar on several occasions. Irvinerenter also supported my opinion, and even thought that the dollar may have hit bottom. I mean... come on... the guy knows a bottom when he sees one.



Panda will just say that I like picking on him, but that isn't totally true. I like picking on him, but just like housing, I want to save IHBers from losing a sh*tload of money. No joke, I don't want people to make stupid mistakes, and I don't care if it is housing or the stock market, there are plenty of fools out there, no need for you to be one of them. In fact, if you do the opposite of Panda you are more likely to make money. I bought puts (a bet that it will go down) on FXI when he was all excited about it, and I made a 50% plus profit. Also, look at morekaos, he is killing it right now shorting gold. You all should have been picking up UUP, I know I wish I had. Honestly... I dunno what is worse, Panda's investment picks or Jim Cramer's? At least Cramer gets a few right.



So Panda, please keep posting your picks, IHB needs to know what to do, er the opposite of what to do.
 
[quote author="graphrix" date=1224768728][quote author="IrvineRenter" date=1224761841][quote author="PANDA" date=1224738732][quote author="IrvineRenter" date=1224738175][quote author="graphrix" date=1224625991][quote author="morekaos" date=1224624440]$771.40 down $26.60. Not sure where the bottom is here</blockquote>


Total whackage on gold right now. Haven't heard much from Panda lately. First it is the dollar, now it is gold. It's like double dipping in the ugly pool.</blockquote>


When Panda gives up and sells, then we are at the bottom.</blockquote>


Are you kidding me Irvine Renter??.. I am loading it up on Gold right now. I am practically completely out of the U.S. Paper Trash. It sure does feel like buying a nice SFR in Newport Coast for only $500,000. The U.S. paper trash will Crash.</blockquote>


I just hope you are not doing this with a large percentage of your life's savings...



In the long term, you may be right (although I doubt it,) but the painful drawdown you will experience on the way to being right is something I won't envy.



BTW, if you do give up, please let us know. I will buy some gold then ;)</blockquote>


Panda has been touting DGP (the double long gold ETF), so he has been loading up on gold, just loading up the losses.



http://img108.mytextgraphics.com/photolava/2008/10/23/panda2xg-4caduhksn.jpeg



He has also been bullish on China and FXI in particular.



http://img107.mytextgraphics.com/photolava/2008/10/23/pandafxi2-fmmzl791.jpeg



Then he was also bullish on India and FNI.



http://img109.mytextgraphics.com/photolava/2008/10/23/pandafni-4cadxgtpt.jpeg



Of course we can't forget how he was bearish on the dollar. Note: This chart should be down if you are bearish on the dollar.



http://img108.mytextgraphics.com/photolava/2008/10/23/pandadxy-4cadz2ffb.jpeg



Since Panda has been bearish on the dollar ever since he has joined IHB, then lets take a look at the 6 month chart on the DXY shall we...



http://img901.mytextgraphics.com/photolava/2008/10/23/pandadxy6-4cae0nopq.jpeg



But, sadly panda invested in a bunch of foreign currencies that are now worth a lot less, and exchanging them for dollars will only make his gold purchases more expensive. I have said to Panda to not bet against the dollar on several occasions. Irvinerenter also supported my opinion, and even thought that the dollar may have hit bottom. I mean... come on... the guy knows a bottom when he sees one.



Panda will just say that I like picking on him, but that isn't totally true. I like picking on him, but just like housing, I want to save IHBers from losing a sh*tload of money. No joke, I don't want people to make stupid mistakes, and I don't care if it is housing or the stock market, there are plenty of fools out there, no need for you to be one of them. In fact, if you do the opposite of Panda you are more likely to make money. I bought puts (a bet that it will go down) on FXI when he was all excited about it, and I made a 50% plus profit. Also, look at morekaos, he is killing it right now shorting gold. You all should have been picking up UUP, I know I wish I had. Honestly... I dunno what is worse, Panda's investment picks or Jim Cramer's? At least Cramer gets a few right.



So Panda, please keep posting your picks, IHB needs to know what to do, er the opposite of what to do.</blockquote>
As I mentioned, the charts are no lie!
 
[quote author="morekaos" date=1223518111]back on the short side of gold at $905.00. Volatility can be your friend.</blockquote>


Enough partying. I am out $905.00 to $705.00. That's good enough for me. Off to look for the long side on something
 
[quote author="PANDA" date=1224738732][quote author="IrvineRenter" date=1224738175][quote author="graphrix" date=1224625991][quote author="morekaos" date=1224624440]$771.40 down $26.60. Not sure where the bottom is here</blockquote>


Total whackage on gold right now. Haven't heard much from Panda lately. First it is the dollar, now it is gold. It's like double dipping in the ugly pool.</blockquote>


When Panda gives up and sells, then we are at the bottom.</blockquote>


Are you kidding me Irvine Renter??.. I am loading it up on Gold right now. I am practically completely out of the U.S. Paper Trash. It sure does feel like buying a nice SFR in Newport Coast for only $500,000. The U.S. paper trash will Crash.</blockquote>


Your ignorance truly precedes you.



US Paper Trash...think again. Look at the dollar index, the trend is up and the bottom has been put in.



Gold is going down because INFLATIONARY FEARS are gone.



We are in a DEFLATIONARY environment..you won't be able to find an asset class to hide in, not even gold.



When you decide to sell Gold, let me know. I'll buy it from you!
 
[quote author="Astute Observer" date=1224800979]My limited experience in these market taught me that I will try not to be too excited when the market is going the way I thought it is.</blockquote>


In my experience, whenever I find that I am getting too excited about a trade, it is time to sell.
 
[quote author="usctrojanman29" date=1224991855]Looks like you are on the wrong side of the trade Panda.</blockquote>


At least he is consistent. :coolsmirk:
 
<blockquote>Troj - Did you read what the Chinese are saying? Are they lying? You know their mind better than they do? </blockquote>
Chinese never lie.

Chicken in chinese food is really chicken, right. :lol:
 
A Question to all of you since CalGal loves Panda's questions. Which Asian race have you experienced to be the most dishonest people doing business with in Irvine?



1) Indians

2) Koreans

3) Chinese

4) Japanese

5) Taiwanese

6) Vietnamese

7) Irvinese <- all other Asians living in Irvine not mentioned above.



When HMart opens up at Diamond Bar, be very careful on what you buy at the retail stores inside. 99.9% of the stores have a no refund policy even if the product is unused and brought back the next day, and no where will you see a sign stating "No Refund". Just a personal experience I had recently.
 
[quote author="PANDA" date=1224999060]A Question to all of you since CalGal loves Panda's questions. Which Asian race have you experienced to be the most dishonest people doing business with in Irvine?



1) Indians

2) Koreans

3) Chinese

4) Japanese

5) Taiwanese

6) Vietnamese

7) Irvinese <- all other Asians living in Irvine not mentioned above.</blockquote>


All but Indian. Indians really aren't asian. They are white people with darker features who happen to like IT.
 
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