Tuesday, August 5, 2008
8:42 AM PDST
Haven't been able to post much here today as the markets are going crazy.
I had to hedge my longs in DEC gold with OCT gold just because I've gone
through this seasonal wipe out three times and it is not pleasant for those
on margin...
They drive gold down farther than would ever believe and then a pinch more
just to rub your nose in it.
Then, when you finally give up, and sell your longs, just to have enough to trade
the rally...
It goes now a bit more...OR WORSE...starts right back up and leaves you with
your enormous loss and hesitant to jump back in...
Even worse, you jump back in long, and it goes down for a last swipe at
the ones with the most balls of all...takes their money too...AND THEN...
only after it has cleaned everybody's clock....
IT ZOOMS UP FOR THE REST OF THE YEAR UNTIL JAN OR MARCH
of the following year...
Then rinse and repeat....
for the last FIVE YEARS!
Only every year, I believe the Guv'mint CAN'T pull this shit off one more minute...
BUT THEY DO!
And so, this year, once again....I believe...THEY CAN'T DO THIS MUCH LONGER!
and so it goes...
Enjoy the BLOG CHARTS COMING UP!
More to say later today if I don't collapse in the heat!
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