re: Gold (took a small short position today on 5/25)

Bill Gross must be reading our posts. Cash in May and go away. From ZH

"Exclusive: Bill Gross Is Now Short US Debt, Hikes Cash To $73 Billion, An All Time Record"
" In March, Pimco's flagship Total Return Fund (TRF) has now taken an active short position in US government debt: -3% on a Market Value basis (or $7.1 billion), and a whopping -18% on a Duration Weighted Exposure basis. And confirming just what PIMCO thinks of US-related paper is the fact that the world's largest "bond" fund now has cash, at a stunning $73 billion, or 31% of all assets, as its largest asset class on both a relative and absolute basis. We repeat: cash is more than PIMCO's holdings of Treasurys and Mortgage securities ($66 billion) combined. To paraphrase: in March PIMCO was dumping everything related to US rates (see chart below)."
LINK

Thanks for setting me straight you are sooooo smart remind me of a sack of hammers I once knew when is fosizzle going to answer the question
dufus if you are in equities when the Fed stops QE you're gonna get taken to the cleaners Hence, sell in May and go away duh da ya get it
Hey foshizle, answer the question or are you scared to?

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dufus if you are in equities when the Fed stops QE you're gonna get taken to the cleaners

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I'm pretty sure Russian has stated he is all in cash right now.

Oooo Oooo brag brag posture posture lol paying the IRS is part of doing biz dofus better to pay them than lose 30% of your portfolio
I like the way your choir rushes to your defense you have trained them well

Why don't you copy, edit, and repost my posts? I need a secretary lol
try sticking to the thread topic something you have seldom done in the past and stop worrying about grammar/punctuation
help call the choir call the choir it's a little girl and I'm scared help

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something you have seldom done in the past

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How do you know what I've done in the past since you just joined this website.

Of course, it would be explainable if you're an alter for someone who has been posting on here and got banned, right, Rivers?

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Russian, you have a precious metal opinion?

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Gold historically has been a terrible inflation hedge. Even at today's price for gold, it is still almost $1,000/oz less than it should be if it were adjusted for inflation since the early 1980's.

That is not my opinion; it is a statistical fact.

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I thInk it will be playing catchup in a major way for the next year or two.

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Why?

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If anything I see it being drug up by silver.

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Why?

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equities markets adjusted for inflation are doing worse

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Totally incorrect.

The stock market, as measured by the S&P 500 index or the DJ 30 Industrial Average has beaten inflation by several percent annually since the early 1980's.

Gold prices since then are actually negative, adjusted for inflation.

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Why not?

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I asked you first....

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I personally
see the Chinese trying to partially back there currency with gold.

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I don't. All the gold in the world is not enough to back their currency for the size of their economy.

I believe the Chinese are being prudent in diversifying their massive dollar holdings by buying gold with their dollars. Nothing more than that.

They saw what happened in the 1980's & 1990's when the Japanese didn't do that and when the yen appreciated vs. the dollar, they lost massive amounts of their accumulated wealth from their huge long dollar positions.