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Old 02-20-2009, 05:24 AM
 
Location: Raleigh, NC
9,059 posts, read 12,969,306 times
Reputation: 1401

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Did anyone catch this snippet where Howie Long and the crew (oh, sorry wrong show) called going long gold going short America?
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Old 02-20-2009, 05:47 AM
 
Location: Fort Myers Fl
2,305 posts, read 3,028,434 times
Reputation: 921
Yes I saw it. Would of been interesting if Peter Schiff would of been there.
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Old 02-20-2009, 06:31 AM
 
Location: Raleigh, NC
9,059 posts, read 12,969,306 times
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Quote:
Originally Posted by thebigr View Post
Yes I saw it. Would of been interesting if Peter Schiff would of been there.
They would just tell him that his clients like me are losing 70% at EuroPac, forgetting that a large part of my portfolio not directly tied to EuroPac is perth mint and physical gold as well as shorts at discount brokers, both making me a fortune.

Oh, and my stuff is up huge this year (some 50-100% up) after putting new money in. Thanks Peter!
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Old 02-20-2009, 10:51 AM
 
48,502 posts, read 96,838,702 times
Reputation: 18304
Looks lke many are telling others that investing where you lose your wealth is good for america. Gold is risky but most should hace some in it has a hedge agianst their stocks.
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Old 02-20-2009, 10:59 AM
 
Location: Great State of Texas
86,052 posts, read 84,464,288 times
Reputation: 27720
Ha..install FEAR now because if they used logic and told the truth..everyone should be jumping into gold.
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Old 02-20-2009, 11:19 AM
 
20,187 posts, read 23,850,642 times
Reputation: 9283
Gold is too high to jump in right now... he isn't saying jump in gold at "any" price... but at the right price which happens to be whenever he told you to jump (and its up 30% now)... he won't be telling you to jump now cause its at a point to not jump in... I think people have to use some common sense... yes, gold is better to go into right now... but you have to do it at the RIGHT time... Peter was dead on with the right time and I guarantee you, with gold at $1k now, he is telling you NOT to jump in... you profitted already, you win if you listened to Peter... now is a good time to sell..
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Old 02-20-2009, 11:21 AM
 
22,768 posts, read 30,727,592 times
Reputation: 14745
What is wrong with taking a short position on America?
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Old 02-20-2009, 12:21 PM
 
Location: Great State of Texas
86,052 posts, read 84,464,288 times
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Quote:
Originally Posted by rubber_factory View Post
What is wrong with taking a short position on America?
Symbol: TBT (ultra short on 20 yr Treasuries).
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Old 02-20-2009, 12:47 PM
 
22,768 posts, read 30,727,592 times
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Quote:
Originally Posted by HappyTexan View Post
Symbol: TBT (ultra short on 20 yr Treasuries).
I don't trust those short ETFs. I don't understand how they work. Look at SRS. Why was it higher in June 07 than it is now?
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Old 02-20-2009, 01:43 PM
 
Location: western East Roman Empire
9,362 posts, read 14,304,816 times
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Quote:
Originally Posted by rubber_factory View Post
What is wrong with taking a short position on America?

Nothing, the ruling class does it, just follow the leaders.
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