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aucu

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Posts posted by aucu

    Gold As An Investment?

    in General

    Posted

    what explanation do we have for why gold was $300 a decade ago, and why should it stay closer to $1400 when the cloudy weather is gone?no telling how long it'll be before we start seeing sunshine again
    Gold was not in favor in the tech/internet bubble years, there was a lot of talk about gold being a "barbaric relic" the bear market in gold was long and short selling looked like a sure thing and was for a while even for the mining companies that hedged a lot. On top of that central banks were selling (Canada and the UK sold all their gold) With gold at $300, 66% of all mines were operating at a loss, I think this makes a good a sign as any for a bottom. The gold pendulum has swung, I have no doubt it will swing again but how far and has the center shifted is the question.

    Gold As An Investment?

    in General

    Posted

    Predictions?
    Gold dropped because the US$ rose and it looked like the US economy was on the rebound. If that trend holds and eventually interest rates go up gold could stay down or drop more.A week later gold is still mid 1600s I don't expect gold to go full bull anytime soon unless pushed by another big currency crisis or QE, on the down side it could go down near 1400 but it's hard to see it dropping more than that.Saludos,aucu

    Ps Changing Vpps

    in General Poker Forum

    Posted

    Stars is going to a contribution pegged FPP system, will this change the play?http://www.pokerstars.com/sites/vpp-changes/On January 1, 2012, we will be changing the way VIP Player Points (VPPs) are awarded at our ring game tables.Historically, the VPPs earned in a ring game hand have been split equally between all players that were dealt into the hand. The new method will award VPPs proportionally based on each player's contribution to the pot.The change is illustrated in the example below:Five players participate in a hand of $1/$2 No Limit Hold'em.Pre-flop: Player 1 raises to $6 Player 2 folds Player 3 folds Players 4 (the $1 small blind) calls Players 5 (the $2 big blind) callsPost-flop: Player 4 makes a bet of $9 Player 5 moves all in for $21 Player 1 folds Player 4 calls The remaining cards are dealt, and the $60 pot is awarded to Player 4The pot is $60 in total. Players 4 & 5 contributed $27 each, and player 1 contributed $6. The total rake on this pot is $3, which is worth 16.5 VPPs.Under the old method, all five players would receive an equal share of the points, i.e. 16.5 / 5 = 3.3 VPPs.Under the new method, the VPPs will be awarded as follows: Player 1 contributed $6 (10% of the pot) and so receives 1.65 VPPs. Player 2 contributed $0 (0% of the pot) and so receives 0 VPPs. Player 3 contributed $0 (0% of the pot) and so receives 0 VPPs. Player 4 contributed $27 (45% of the pot) and so receives 7.43 VPPs. Player 5 contributed $27 (45% of the pot) and so receives 7.43 VPPs.

    Gold As An Investment?

    in General

    Posted

    POG dropped about $200 in the last week or so and about 20% off the high but still up for the year. Lots of people jumping off the wagon, gold in the $1400s felt great on the way up not so much on the way down, is this a correction or a pop? Either way I'm fine with it as long as it's above $1200

    Gold As An Investment?

    in General

    Posted

    Gold and Silver seem to be going nowhere, some volatility but no break in either direction.Like most of the market Waiting on what happens to the Euro?What about the US super committee, what happens if they can't hash out a deal?Is China slowing down?

    Gold As An Investment?

    in General

    Posted

    ever thought about hedging? mining companies often hedge, so maybe you'd have to run a complicated options play or something.the coin collector in me doesn't mind the run-up in silver so much. it's the fact that the public drove up the pricing on all gold coins, well past what the commodity has done, simply because people like goldline and glenn beck are so friggin good at their jobs.
    Hedging is a dirty word in gold mining, most companies promote themselves as having no hedge, During the last big down market ABX made a killing with it's hedge book but it was so large that it helped perpetuate the decline and they had to eventually re-finance and dilute to pay it off when the prices turned around, then there were other companies that imploded and went bankrupt like Cambior when their hedge books blew up.Investors want to know that when they buy a gold miner that they have exposure to the price of gold and not something that is diluted by hedges. Hedges are often complex financial instruments that are the exact opposite to the type of investment that gold bugs want to be associated with.

    Gold As An Investment?

    in General

    Posted

    are you actually a trader or are you doing this on your own?I bought a very low grade morgan dollar for $20 today. it's gonna be my flippin' coin. silver sounds so much better than the copper nickel clad bullshit.
    I only make a few trades a month but also have large positions in mining companies that I'm personally involved with so I follow the market closely but my area of expertise is more on the engineering side.I haven't bought physical metal since the 90s but wouldn't mind adding to my collection but would have a hard time paying even today's prices. Will keep waiting.

    Gold As An Investment?

    in General

    Posted

    Watching in awe a $100 swing in the POG and $4 swing in Ag and oil at $78 this morning.Not in the mood to try to catch the knife today, will keep my powder dry and if I miss the lows on the metals so be it, and will try to pick up a position in oil or potash after things bottom out.

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