morekaos_IHB
New member
I'll give it to you for hangin in there Panda. I covered that short for a good profit but I have to say I am short it again and long the dollar (AGAIN)....Too many guys on your side of the boat lately. I like being alone.
I THINK THE MARKETS HAVE TOPPED
- Thread starter BondTrader_IHB
- Start date
NEW -> Contingent Buyer Assistance Program
Funny that you say that morekaos. Though i believe the dollar is in for a long term decline, I see a very near term dollar rally (however nothing like the dollar rally we saw in last October). I just don't see the dollar violating 74 right now. If it does... I say get the heck out because the floor will drop.
So we are 1 or 2 points away from either a rally or the floor dropping out?
Nothing points to a justified rally, nothing. I'm not saying it won't happen, it probably will. If we are that close to the floor dropping out, does it make sense to have even 5% cash?
Let's all keep in mind here all the biggest banks are out of business, are going to re-fail, and we are being told "No, they aren't. See these numbers? Smile and go buy stuff, they are fine." Historically speaking, drastic times. But South Coast Plaza keeps a hummin'.
True, but it is a short term rise due to short term demand. People are not hedging against deflation, they are side stepping a fall in stocks.
If we'd go buy some escalades on 22s that would bump us up to 3%. It's all good!
Can you tell us how to "prepare". I seriously want to know - the last tumble totally sucked.
Yes, I agree 100% that it sucked. I should of moved my savings to AUD back when it was at 63 cents and now it's at 92. I lost big and now I am contemplating staying in the US a few more years.
Do they sell it at the mall?
I am only half joking - Can I buy gold at my local Bank of America? Or is there a special place that is the best location to get it? Didn't it say at the beginning of this thread that the price of gold is expected to drop? So why would I want it? Simply because the dollar is in the shitter?
*Big sigh* Being a grown-up is not fun.
Is the borrowed equity fixed rate debt?
Put phantom equity to work and let your government melt the debt away - there are risks but I feel it's a good play. Where did you put the money?
PANDA_IHB
New member
morekaos said:
Funny that you say that morekaos. Though i believe the dollar is in for a long term decline, I see a very near term dollar rally (however nothing like the dollar rally we saw in last October). I just don't see the dollar violating 74 right now. If it does... I say get the heck out because the floor will drop.
EvaLSeraphim_IHB
New member
FWIW, dollar panic is not new. What were folks doing in 2003?
matt138_IHB
New member
We will be talking dollar crisis for years to come. That is the best case scenario and one I hope for. Nothing moves in a straight line of course, however none of you can argue the fundamentals of the dollar long term. Short term, we are drawing lines on charts and guessing.
I am buying gold right now and knowingly might take a 20-30% haircut short term. I will buy more while I am at the barber shop too. Gold was out of vogue for two decades and I feel the secular bull market for gold will be for many years. Our gov/t is pedal to the metal drunk driving and I'm getting out to take a cab.
Has anyone heard about "gold parties"? It's like a tupperware party but everyone shows up and sells scrap gold to the person for cash. Oh the irony.
Raising interest rates might help the dollar short term, but the effects to our economy will further hinder the dollar after the short term boost.
Taxation is the only thing that gives the dollar value.
Let the bashing begin.
I am buying gold right now and knowingly might take a 20-30% haircut short term. I will buy more while I am at the barber shop too. Gold was out of vogue for two decades and I feel the secular bull market for gold will be for many years. Our gov/t is pedal to the metal drunk driving and I'm getting out to take a cab.
Has anyone heard about "gold parties"? It's like a tupperware party but everyone shows up and sells scrap gold to the person for cash. Oh the irony.
Raising interest rates might help the dollar short term, but the effects to our economy will further hinder the dollar after the short term boost.
Taxation is the only thing that gives the dollar value.
Let the bashing begin.
matt138_IHB
New member
PANDA said:
So we are 1 or 2 points away from either a rally or the floor dropping out?
Nothing points to a justified rally, nothing. I'm not saying it won't happen, it probably will. If we are that close to the floor dropping out, does it make sense to have even 5% cash?
Let's all keep in mind here all the biggest banks are out of business, are going to re-fail, and we are being told "No, they aren't. See these numbers? Smile and go buy stuff, they are fine." Historically speaking, drastic times. But South Coast Plaza keeps a hummin'.
matt138_IHB
New member
PANDA said:
True, but it is a short term rise due to short term demand. People are not hedging against deflation, they are side stepping a fall in stocks.
Oxtail_IHB
New member
Banks getting hammered today(well, a lot of things getting hammered today). Doomers are working themselves into a frenzy. I'm starting to doubt we're going to be able to hit that +3% GDP number this week.
matt138_IHB
New member
Oxtail said:
If we'd go buy some escalades on 22s that would bump us up to 3%. It's all good!
gypsyuma_IHB
New member
awgee said:
Can you tell us how to "prepare". I seriously want to know - the last tumble totally sucked.
AUdude_IHB
New member
gypsyuma said:
Yes, I agree 100% that it sucked. I should of moved my savings to AUD back when it was at 63 cents and now it's at 92. I lost big and now I am contemplating staying in the US a few more years.
gypsyuma_IHB
New member
PANDA said:gypsyuma said:
You need to get your hands on some of these babies.
Do they sell it at the mall?
I am only half joking - Can I buy gold at my local Bank of America? Or is there a special place that is the best location to get it? Didn't it say at the beginning of this thread that the price of gold is expected to drop? So why would I want it? Simply because the dollar is in the shitter?
*Big sigh* Being a grown-up is not fun.
PANDA_IHB
New member
gypsyuma,
In all seriousness you have to do your own research and not just rely on what people say on IHB. Late last year I asked the open forum if it was the right decision for me to pull as much equity out of my home (since I could not sell it and I had lot of equity in the house) and invest the proceeds, and 99% of the advice i received here was against it. Suprisingly, Graphrix was one of the guys who didn't give me a red flag. I did my own research and came up with the concusion that the U.S. dollar today will be much more valuable to me now than it will in 3-4 years. I have borrowed as much money as I possibly can from my house at a very low rate and I have done quite well with the arbritrage since March. I feel very confident now that i have made the right decision.
Gold has risen almost 4 times from $281 in 2001 until now at $1000. Some people find Gold prices over valued at these prices, fair valued, and under valued. I've mentioned before that i think buying gold now is like buying a Woodbury home in 2004/2005. Awgee's opinion may be different from mine. If you invest $100,000 in gold, can you stomach the short term loss when your investment drops to $70,000 because it certainly can happen just like it did back in October. Just make sure that you do your full due diligence and your own research before making any major moves.
Panda's .02 cents
In all seriousness you have to do your own research and not just rely on what people say on IHB. Late last year I asked the open forum if it was the right decision for me to pull as much equity out of my home (since I could not sell it and I had lot of equity in the house) and invest the proceeds, and 99% of the advice i received here was against it. Suprisingly, Graphrix was one of the guys who didn't give me a red flag. I did my own research and came up with the concusion that the U.S. dollar today will be much more valuable to me now than it will in 3-4 years. I have borrowed as much money as I possibly can from my house at a very low rate and I have done quite well with the arbritrage since March. I feel very confident now that i have made the right decision.
Gold has risen almost 4 times from $281 in 2001 until now at $1000. Some people find Gold prices over valued at these prices, fair valued, and under valued. I've mentioned before that i think buying gold now is like buying a Woodbury home in 2004/2005. Awgee's opinion may be different from mine. If you invest $100,000 in gold, can you stomach the short term loss when your investment drops to $70,000 because it certainly can happen just like it did back in October. Just make sure that you do your full due diligence and your own research before making any major moves.
Panda's .02 cents
matt138_IHB
New member
PANDA said:
Is the borrowed equity fixed rate debt?
Put phantom equity to work and let your government melt the debt away - there are risks but I feel it's a good play. Where did you put the money?