....and you know what is even more valuable than lead.......SKILLZ!!! :eek: As in a certain set of SKILLZ!
Then you have to buy it back at some point. So the premium you sold at and the premium you buy it back at is appox the same. Then your Gold position and price is virtually the same. You're not gonna try to tell me that you're arb'ing the prem are you?
I mainly buy from one source, and lets just say you can buy at or below each days spot closing price in GOLD on about 3 to 4 days a week (so sometimes I have to wait a day or two for a good deal). I will say the fluxuations in GOLD lately has helped pull this capability off.....but once gold hits the $1000 level again, then I will only be scaling out slowly over time.....no more buying. Cycling small portions of my overall position out with rallies, and then back in with price pullbacks in the $800's and below is fine. Now that we are pushing in the $900's again, with a possible $1000's run just ahead, I do not feel this is an optimal area to continue the repetitive cycling of portions of the overall position. Now is the time I would like to see a decent 60 to 120 day rally to hit several profit targets I have set for 50% of the total position....we will see.
You misunderstood what I am saying. Look at what you are getting on your interest rate return on t-bills right now and tell me if that is a heck of a lot better than a non-interest bearing vehicle. No, it isn't.
Number 1) spuddr...you can't compete...that's been oblivious for years now. Don't try it now ...don't embarrass yourself anymore. Number 2) Treasuries from Mar 08 to the top have contributed about 15%.... to m-t-m now is about 4%. All the while AU is down about 11.5%. Plus your dead opportunity cost...whatever that is killing you. Gold is a piece of shit...always has been always will be. That being said if and when Gold finally makes its move above 1030...I'll be in it as just another trade.