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Re: Fossil-Fuel post# 3280

Friday, 09/09/2011 1:13:20 PM

Friday, September 09, 2011 1:13:20 PM

Post# of 4236
You mean the GLL (Ultrashort Gold).

No, I am a firm believer we'll see Gold hit $2000 by the end of the year...probably in October. I actually see gold $2200 hit at least once this year still.

Fear. Fear. Fear.

Obama could do anything to stimulate jobs, it won't work. We need to stimulate buying. If companies can sell products, jobs follow. That's why when we go to war the government increases buying of a lot of products (food, military eq, technology, etc.)...and war brings us out of every depression/recession.

Plus, people need to realize they aren't going to make the $100k they were 4 years ago. Get off unemployment and start something. The government needs to tax rate, especially for the self employed.

Looking at taking a large position in November PUTS (in the money). That will take us through the September-October Fallout that we have had in the past multiple times.