Thx for the response nitro... no, I haven't read the entire thread but have followed it ... is your calculation for FV different in any way from the norm. thx B
Yes, my "FV" has nothing to do with either CNBC FV or programtrading.com FV. To distinguish it from those and others, I put it in quotes. I just can't think of anything better to call it because imo FV perfectly describes it.
Next pc build will be with the 32nm intel chip. http://www.v3.co.uk/v3/video/2248716/windows-showcased-intel FWIW, Talk about foolish. http://www.theinquirer.net/inquirer/news/1532262/australia-internet-goes-hour Proof indicators cause you to be "mentally disorganized" http://www.wired.com/wiredscience/2009/08/multitasking/
Gold within a stone throw from $1000. Imo this is significant, but appears to be mostly ignored by analysts. If I had a "FV" for gold the way I have one for SPX, I am guessing it would show gold overvalued by at least $100. On the other hand, if I am wrong, then the [equities] market ignoring it is a mistake, imo.
I'm long GDX into tomorrow, but very tightly hedged. I see an air pocket underneath that could take it all the way down to 41.50 in a heartbeat. (44.65 close.) That would be roughly equivalent to $30 or $40 on gold.
I'm sorry I don't get it. Most tightly hedged positions don't make money. Are you saying you are just going for a small move?
Didn't make money. I was figuring if there was an up move today, it wouldn't be much of one, so yeah, going for at most a small addition to what had already been made. As it turned out, we're down slightly, so it did what it's designed to do: saved me from selling in a panic at the bottom of the morning volatility. I got a much better price than if I hadn't been hedged. It's about controlling emotions, at least for me.