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Re: popeyej post# 15016

Friday, 04/03/2009 8:15:16 PM

Friday, April 03, 2009 8:15:16 PM

Post# of 15261
Hi Popeye, how are you doing? I hope you're still getting stronger and continuing to put on more weight. Also hope that tumor is still shrinking.

I have to admit that I've lost a little interest in the gold & silver market, at least for now. It appears that the main reason gold hit $1000 briefly this time was that people were doing some "panic buying", and now that the market's "apparently" all good now people decided to dump their gold and silver again. I've pretty much given up on a spring rally, but will probably start gradually buying again somewhere between mid-August and mid-September. Could be wrong, but I think the "real rally" will start either in the fall or early next winter. So because of that, all I've been doing lately is playing with the double-long oil ETF DXO with some success and betting against the market in general with short ETFs. The market has been stubbornly going up the last several weeks but I don't think it can be sustained for much longer, so will stick with my short plays (although going against the trend may not be smart either).

Take care Popeye.

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