You've Got To Be Kidding Me

A discussion on gold, silver, and the markets.

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Location: Freehold, NJ, United States

Married with two children and one toy poodle which was not my first choice but I like her anyway. Been on the Street since 1989, mostly as a retail broker.

[Most Recent Quotes from www.kitco.com]

Wednesday, January 02, 2008

Looking good Billy Ray.....Feelin' good Lewis.....

Well, this is a very welcome, unexpected surprise. Gold starts off the early going up roughly $14, until the Crimex opens, which immediately took $3 off the price. Anywhoo, it's a nice surprise, and almost, but not quite a bonafide breakout. I mentioned earlier, I came in a relatively light in my trading account, but have bid for some gold stocks and just bot GOLD as it was trading up only .20.


Why is gold up $12? I have no clue? Perhaps, partly to reverse Monday's decline on no volume? The dollar spiked down nicely; but as I write this, the dollar has almost cut it's decline by half. Hey, can't keep a "controlled" vehicle down if "they" don't want it down. Oh yeah, oil is screaming higher by $2+


One more quick note. Someone asked my opinion of KRY. I own some KRY in my 401k. To me it is strictly a lottery ticket, meaning I am going to cash in big or just throw it away. You have a huge gold mine sitting in the land of a dictator. Would you commit a lot of capital towards this. I purchased my stock at $1.93, after trading for years. Their final permit always seems to coming "any day" now. And believe me, I always corner Richard Marshall, KRY's investor relations guy whenever I see him. But I always get that same answer.

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