Re: Jim and John are pissing me off!
in response to
by
posted on
Nov 09, 2008 01:32AM
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Watching some of the commentary on this board recently makes me pretty sure the entire junior resource sector is in a bottoming process, as even those I thought believed in what they were investing in have seemingly capitulated.
This period reminds me of the 60% German mark appreciation in 1920 amidst their beginning hyperinflation. Those who clung to their traditional diversified strategies and waited for the "Cramer" of the day to get on the gold bull were wiped out.
Since when is everyone here a hedge fund manager?
"Oh, if only I had bought Pet.com in 1997... sold it in 2000... bought 5 Miami condos without even seeing them... sold those in 2005... bought large cap gold miners... sold them in March 2008... bought all double-inverse ETF's... sold those in early 2009... went long junior miners in 2009..."
Are you kidding me?
If you truly think JP, Schiff, Rogers, etc have it all wrong, have fun with your long-term government bonds and short ETF's. When your counterparty on both of those items defaults, have fun in the "Friends of Iceland" fan club.
Hysteria