Are You Making Money?

Posted on September 18, 2007 , filed under Stocks | Print This Post

Well, when you are right you are right. I speculated on a Fed rate cut and a dramatic increase in PM prices. Both have happened. If you haven’t noticed the USD Index is under $79 and gold is inching toward breaking its recent 26 year high. I’m sure most economists will look back at this and be surprised at the speed of the USD Index breakdown.

I expect to see a short squeeze coming from all the institutional players who have held the prices of PM stocks down. These same people will suddenly rush in and announce they are long on PM’s while investors like you and I will have already setup our positions long ago.

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2 Comments »

Comment by Jonathan

2007-09-19 21:57:43

I’ve been selling into this strength. I still see some potential trades, but entering any new net longs with some trepidation. So, yes I’m making money. If the market collapses soon I’ll be in good shape. If it continues higher, I’ll have sold my positions prematurely. Wishing I had a crystal ball.

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Comment by Andy

2007-09-20 10:53:53

Johnathan, I wish we all knew what would happen next. Have you seen a movie with a similar title? We would probably try 1000′s of different investment combinations.

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