Comments on: Watchlist for December 2nd

By: TheHawk

TheHawk — Wed, 02 Dec 2009 21:08:03 +0000

You’re welcome, Preston. Funny, I didn’t even read the article. I’m familiar with the chart though, and just wanted to make sure you saw it. So, it’s a bonus if the article was good.

It’s really something to ponder the ratio. If it were to happen again, how high would gold spike and how far would the Dow fall?

By: Reaper

Reaper — Wed, 02 Dec 2009 20:53:50 +0000

I talk about the gold/dow ratio in the last minute of today’s video trade recap.

By: Preston

Preston — Wed, 02 Dec 2009 20:52:45 +0000

YONG possible short on red tomorrow, nice move today on business award.

Thanks Hawk, good article.

By: TheHawk

TheHawk — Wed, 02 Dec 2009 20:15:19 +0000

Preston,

I highly suggest researching the Dow/Gold Ratio before making that move:

http://seekingalpha.com/article/122086-dow-gold-ratio-of-1-1-or-2-1-in-coming-years

If anything, I’d buy gold at the moment. I plan on doing so, but am not sure if I want to hedge with some small individual mining stocks, buy an ETF, or grab shares of Barrick/Newmont.

China’s amassing a lot of gold these days.

By: BearNine

BearNine — Wed, 02 Dec 2009 20:05:54 +0000

GSIT about to crack, need a little help here reaper, big $$$ for the both of us.

By: Preston

Preston — Wed, 02 Dec 2009 19:09:51 +0000

I guess the old adage is not the same in a item like Gold, buy when others are selling and sell when others are buying because there could be to many outside influences, ie; another recession, war etc.
Thanks, I will hold on to my money and fund my IB and Sogo accounts.

By: Reaper

Reaper — Wed, 02 Dec 2009 18:54:35 +0000

If gold goes higher, it could go a lot higher. If it goes lower, it may not go much lower. I am loathe to engage in such speculation … it is far too easy to lose.

By: Preston

Preston — Wed, 02 Dec 2009 18:51:42 +0000

Kinda off topic for the blog but I’m seriously considering putting some longer term money in a conservative Gold bear ETF because when the bubble burst there will be some easy money to be made. When the people that have been holding their GOld for years decides to start selling to the average person watching one of thousand commercials that run everyday things will start down and will not stop for a long time.

By: the donger

the donger — Wed, 02 Dec 2009 18:28:24 +0000

I was gonna blame it on the Norco (from my surgery on Monday), but that would have been a cop-out and another -duck. lol

By: Preston

Preston — Wed, 02 Dec 2009 18:28:00 +0000

LIWA getting close to 52 week highs.