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jesusfreakinco (29.14)

Will the real Alstry please stand up?

Recs

12

February 15, 2009 – Comments (3) | RELATED TICKERS: GLD , TRX

I couldn't help think of my friend Al when reading this article:

12 Reasons to Short Gold

 http://seekingalpha.com/article/120007-12-reasons-to-short-gold?source=front_page_most_popular_articles

Is Al really a secret Crimex (oops, I meant Comex) operative being paid to infultrate the minds of Goldbugs on CAPS to get us to part with our precious little shiny metal?

Maybe Alstry is really Louis Basesense?  

Public challenge to Alstry - put your virtual money where your mouth is... Add some gold shares and gold ETFs to your list of red thumbs.  I am betting a virtual one - miiiiiilllllllion  dollars - (I mean 100 billion dollars due to the upcoming hyper inflation wave) that my score is higher than yours by the end of 09.

JFC

3 Comments – Post Your Own

#1) On February 15, 2009 at 11:19 PM, alstry (35.21) wrote:

JFC,

I am not sure how many times I am going to have to say this....I have no idea where the price of gold or silver is going.  Consistent with this, I have actually purchased a little bit of physical silver in recent days....more for entertainment than investment, but purchasing nonetheless.

I think we are entering into a protracted period of depression, deflation and a strengthening dollar.  I also think fear will increase among the general population.  Since there is a strong emotional component to the pricing of metals and it is viewed as a safe haven......who the heck knows where metal prices are going to go...

in that light....since yours is a metal centric portfolio....at this point I would give you an almost even money chance at winning the bet you set forth.....you think Alstry would be foolish enough to make such a bet????

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#2) On February 16, 2009 at 12:59 AM, kaskoosek (94.82) wrote:

"Despite dismal data, both the Fed and President Obama point to the current recession ending by the second half of 2009."

Hahahahahahahaha

This article is trash.

Usually people make deductions from their observations, but this guy seems to rely on aribtrary deductions rather than the data.

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#3) On February 19, 2009 at 10:59 PM, jesusfreakinco (29.14) wrote:

Al,

You are wrong about my portfolio.  It is not metal-centric.  I have risen in the ranks in spite of being weighed down by being too early on the metal calls.  

Wait to see what happens when gold REALLY take off.  I'll be in the top 50 in no time.  

As it is I have been aggressive against the financials and it has paid off nicely the last few days.  My score leaped from $2k to $3k in less than a week and my rank went with it. 

We'll see if I have the right timing on closing out my FAS, FAZ and other ultra bets.

I am betting we still have some downside in the market and financials. With Bernanke letting the cat out of the bag, it looks like the Feds next move is to take C and BAC into receivership of some sort...

Bernanke's Slip May Have Caused Bank Share Tumble

http://www.cnbc.com/id/29288371

JFC

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