A very profitable tool in poker as well as trading the market!

It sounds like a cliche but in the market it may be more important than poker to, "know when to hold 'em, and know when to fold 'em!"

It doesn't take a Warren Buffet to recognise the megatrend in gold is upward and onward until exhausted by the "grand Finale" of irrational exuberance and euphoria! (how all bull markets end!)

If the price of an acre of Texas ranchland can set new bull market inflation adjusted highs of '80/'81, expect that gold will too!

Also, if historic ratios stand the test of time, expect the gold/oil ratio to top ot somewhere between 16 and 21 (Jan 21st '81 it topped out at 21, its alltime high, while its historic average is between 15 and 16)

This AM it is approx 7.5!

"Time to hold 'em, not fold'em!"

With SAN, we've been dealt the "big hand!"

Too many 'tells' at the table to fold this one! (just two of many, inflation rising and the US$ trending ever downward!)

"Selective aggression" is the "order of the day!"

RUF