I am wetting myself cos gold has breached $900 !!!!!

cheerfulcat

purch wrote: »

I wouldn't listen to anything that idiot says.....especially after what he did to the Bunker Hunt family fortune.

The Bunker Hunt brothers did that themselves. Pure greed - they were offering crazy money for ordinary silver items, hoping to corner the market in silver.

EDIT - not a bad idea to bring up the BH brothers, though; it gives a fairly recent flavour of asset price mania. More here, for anyone interested.

shokadelika

purch wrote: »

I wouldn't listen to anything that idiot says.....especially after what he did to the Bunker Hunt family fortune.

Sold some June Puts..........now I'm sq (if Gold is above $965 in June I'm a very unhappy bunny :mad: )

Totally wrong :rotfl: Jim Sinclair was appointed by Paul Volker Chairman of the Fed to LIQUIDATE their portfolio that is how much trust he had.

Jim Sinclair

Jim Sinclair is primarily a precious metals specialist and a commodities and foreign currency trader. He founded the Sinclair Group of Companies (1977), which offered full brokerage services in stocks, bonds, and other investment vehicles. The companies, which operated branches in New York , Kansas City, Toronto , Chicago , London and Geneva , were sold in 1983.
From 1981 to 1984, Mr. Sinclair served as a Precious Metals Advisor to Hunt Oil and the Hunt family for the liquidation of their silver position as a prerequisite for the $1 billion loan arranged by the Chairman of the Federal Reserve, Paul Volker.

purch

I think the least you should do is quote your source...

That was 'cut n pasted' off his own website



P.S. He's still an idiot !!!

wombat42_2

purch wrote: »

I think the least you should do is quote your source...

That was 'cut n pasted' off his own website



P.S. He's still an idiot !!!

Maybe but he is constantly putting his own credibility on the line with gold price predictions and unlike Jim Rogers he also predicts timing. For example he predicted that the recent gold correction would end by the end of the first week in May and he is so far accurate on this.

purch

he predicted that the recent gold correction would end by the end of the first week in May

Yeah I know.......I read it

Helped me turn a £12k outlay on June Calls into £82k


P.S. He's still a 'right wing' Loony in my book

wombat42_2

Just hit $931 :eek::eek::eek::eek::eek::eek::eek:

TRUSt_NO_1_2

purch wrote: »

Yeah I know.......I read it

Helped me turn a £12k outlay on June Calls into £82k


P.S. He's still a 'right wing' Loony in my book
P.S. He's still an idiot !!!

An idiot who helped you make £70k in a short space of time ?
Why didn't you bet against his opinion ?

'right wing' loony ?

What the f*ck are you talking about ?

purch

Why didn't you bet against his opinion ?

Thats got to one of the stupidist questions I've ever heard...:rotfl:

1st Rule...........(actually it's probably the 3d rule)

Trade on what you see......not on your opinions

Thats how you make money son.

The bloke might be a right wing conspiracy theorist lunatic (like you) but that doesn't mean he can't call the market correctly (he was wrong for 30 years but I won't hold that against him )

cloud_dog

Time for the PM (junior/mid) stocks to shine - me thinks (hopes).

cloiud_dog

mr_fishbulb

What are those New Yorkers playing at?

http://www.kitco.com/charts/livegold.html