The next big thing......

[davewindsor]

Dave,
 The point of the argument is that Gold is overbought..Simple..We can stop the baby BS and the fact that you have zero authority talking about anything other than *losing* money and zero discipline...Here are some more articles that I *misinterpreted*....


http://www.cnbc.com/id/15840232?play=1&video=1549854308

http://finance.yahoo.com/video/marketnews-19148628/bearish-case-for-gold-prices-21911146

http://www.safehaven.com/article/16111/are-rising-interest-rates-bullish-or-bearish-for-gold

http://www.in.com/videos/watchvideo-sushil-commodities-bearish-on-gold-bullish-on-crude-9371339.html

http://www.reuters.com/article/idUSTRE65652L20100607

http://www.dailymarkets.com/forex/2010/08/21/gold-bearish-indicators-in-place-for-the-near-term/

And you are basing your research on what?.....Maybe if you can find some equity somewhere you can refinance and buy some gold and finish the job off...And for the record Im an option strategist...

No, the point is that your argument is illogical.  Yet, you continue to throw in further logical fallacies.  It's basic logic 101.  Do you understand logic?  Did you ever take it in university or did you drop out of high school?  Zero authority?  Your own authority you quote disproves your conclusion.

Here's your argument:

Out of context premise (1)  "Gold is the ultimate bubble," Soros said at an event in New York sponsored by Reuters. "It is certainly not safe."  The implicit premise is that he in an authority on the subject and that's why you quoted him.

Therefore, your conclusion based on this premise is  "I wouldn't touch gold here with a 100 foot pole...Its run up is unprecedented....."

Your basing your whole argument on an out-of-context premise.

What's missing is the rest of the article premises like

premise (2)  Soros stated "This is a period of great uncertainty so nothing is very safe"
premise (3)  Soros is acknowledging that gold is the best-performing asset in his funds.
premise (4) Soros says "Gold is currently the only bull market and added "that it may continue to rise".

Based on premises 2-4 of the article, your conclusion is non-sequitur--it does not follow.  It's an illogical argument.  But, please throw in red herrings and other fallacies to defend it.

[rookieNYC]

Dave
I posted my feeling that gold was overbought weeks before Soros was quoted in that article I posted...And you think Soros is the God of Gold..There are far better traders than him and money managers...He is a corrupt inside trader who skirts the laws and ties cases up for decades...You can twist this any way you like...

Like I said earlier and you can avoid the topic all you want...You have no authority or provide any basis to your misguided points on why Gold is a buy here other than Soros says so, which he didnt...I have made numerous points why it isn't a buy here backed up with technical analysis, historical data,traders opinions...What have you provided?...Nothing but some far fetched rant about how I don't understand it all...Dave I sincerely think besides from losing all your capital you have lost any bit of common sense you may have had....And as for my schooling...Any time you would like to compare that I would be obliged...

[davewindsor]

Dave
I posted my feeling that gold was overbought weeks before Soros was quoted in that article I posted...And you think Soros is the God of Gold..There are far better traders than him and money managers...He is a corrupt inside trader who skirts the laws and ties cases up for decades...You can twist this any way you like...

Like I said earlier and you can avoid the topic all you want...You have no authority or provide any basis to your misguided points on why Gold is a buy here other than Soros says so, which he didnt...I have made numerous points why it isn't a buy here backed up with technical analysis, historical data,traders opinions...What have you provided?...Nothing but some far fetched rant about how I don't understand it all...Dave I sincerely think besides from losing all your capital you have lost any bit of common sense you may have had....And as for my schooling...Any time you would like to compare that I would be obliged...You aren't qualified to be my PA....But as you stated you do work for minimum wage...Im sure I can find a floor for you to sweep...

No, I never said Soros was God.  And if there were better traders, why did you so smugly quote him?  You were the one who quoted him as an authority and you don't even have a clue as to what he said.  Talk about a "simpleton".  I've booted alcholics on welfare out of my buildings who had a better grasp of analytical reasoning and logic than you. And that was decades ago that I worked for min. wage, yet you fail to comprehend anything.  I still have my buildings.  Maybe you need to get back on the meds.

[rookieNYC]

LOL...Dave you are probably roommates with those alcoholics you speak about...I wouldnt be surprised if you are sauced right now...And I could care less what clapboard palace you own in some rural pos town...It doesn't surprise me you have welfare tenants because you can't afford prime real estate...Stick to what you know...Losing money and talking smack about things you clearly have no clue about....And never mind the fact that you still haven't provided any basis to support your theories other than attacking me.....Now you are sour about it...So you take aim at whoever.....I can continue slapping u around all night...So keep it coming...

[Mdhaas]

OOOOkay folks, let's bring some civility back to the Forum.  Thank you

[davewindsor]

.I can continue slapping u around all night...So keep it coming...

I'll keep this brief.  To call yourself an option strategist and an authority on the subject, yet completely misunderstand a two-page newspaper article you claim to have expertise in proves you're grossly incompetent and anyone who employs you to handle their money should fire you in an instant after reading this thread.  Continue to berate me with your nonsensical BS, but you've lost the argument.  You truly are a "Rookie" from NYC.  I've said my peace.  I'm not going to waste anymore time responding to you in this thread.

[rookieNYC]

Maybe they should turn their capital over to u to lose it all...Mr.Discipline...LOL...You berate yourself..

You still haven't made a valid point why Gold is a buy...Because you have no thoughts of your own...Just ranting like a baby...

[allagash]

Jim Rogers does the same...He is in commodities...Asia....Australia etc...So for him to say he doesn't believe in diversification is factually inaccurate on his part...

With a basket of 20:

http://finance.yahoo.com/q/pr?s=RJA+Profile

I'd say he's into the diversification thing....

fwiw.....commodities across the board, (excluding crude and the BP debacle), have been on a tear since mid-summer.

goodbye summer.....hello inflation?

no clue....I just track the stuff.

 -Mike

[libertyconstruction]

Housing would be!..

[VanDyne]

I hear all this exciting talk about stock market investing.

Mark my words........the gov't voted into office in 2008 still has control.

They have been infusing hundreds of millions of dollars into the stock market shoring it up. The earning you're seeing today are false earnings. When they chose to stop that infusion the market will once again crash. I suggest you tread lightly. Because you could be busy doing what you do every day and all of a sudden you'll find out a month or two ago the gov't secretly stopped or pulled those funds out and you'll have little or nothing left.