Author Topic: Dow Will Fall to 6,300 by Year End: Portfolio Manager  (Read 2487 times)

Bindare_Dundat

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Re: Dow Will Fall to 6,300 by Year End: Portfolio Manager
« Reply #25 on: October 15, 2009, 09:58:28 AM »
We all TALK about gold all the time Ziggy, and my firm has definitely made significant purchases of gold during the upswing. Gold's prices are primarily due to institutional investors like mine, as the small retail investor has not yet been a major factor.

But that's cool, Ziggy I'm glad you are happy with your little commodities play that doing quite nicely right now. If you put my previous quote in context, gold was indeed a "shit hedge," as a speculative investment was not needed given the market's obvious upswing and inexpensive value opportunities abounded.

So how much did you buy? You bought in at $700? Do you anticipate a further run up to perhaps $1200, or do you have a built-in short sell trigger point? How do you feel about the reasons behind gold's expansive run up, and does the rationale fit into your overall investment philosophy? That is assuming, of course, that you DO have an investment philosophy.

Since you file away my statements on your hard drive with hopes that they might fail so that you can  regurgitate them later, did you take advantage of my BAC recommendation yet? It's the only stock pick I've ever given on this board. It's up...oh, I'd say 60% or so since I threw that one out there.  :P

I'm also curious, Ziggy, about how back in March you (and 33334567) felt President Obama's policies were directly at fault for the Dow's decline to 6500. Do you still believe this to be the case, and if so, HOW so? If not, are you prepared to acknowledge that you did not know what the hell you were talking about?



lol

Look at all the questions Mr. I Know Everything has. Here's a typical Benny response, :P

The only thing you do at "your firm" is clean the waste baskets. By the way, I didn't store any advice from you onto anything, it's only because the statement you made at the time was so shockingly stupid that it was burnt into my memory. I'm now scarred for life.

GigantorX

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Re: Dow Will Fall to 6,300 by Year End: Portfolio Manager
« Reply #26 on: October 15, 2009, 10:02:28 AM »

you can buy both...coins..or gold stock...


If you are investing in gold stock, is there the expectation that with that stock you will be able to eventually take physical ownership of the gold? Or is it traded just like any other "stock"?