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GOLD THOUGHTS - Gold Investors Should Be Using This Selling to Add to Gold Positions

Commodities / Gold & Silver Jun 27, 2007 - 12:53 PM GMT

By: Ned_W_Schmidt

Commodities Good morning sheep! All of you with money in hedge funds, that gave money to your alma mater so they could speculate in hedge funds, and that bought BX on offering, the clippers are ready. Shearing of sheep can now start as all sheep are in the pen. This week they closed the gate, and got out the clippers.


Sheep did get lucky in one case. Everquest Financial's IPO was pulled. ( New York Times , 26 June 2007). This cunning scheme was to put a bunch of those questionable CDOs in it, and sell it to the gullible public. Such events as witnessed recently with a sponsor and two hedge funds may not be isolated events. Hedge fund/CDO situation perhaps suggests that problems with decision making, portfolio management, risk management, and ethical considerations are more systemic in nature.

Schmidt US Dollar Index

Investors around the world are watching these financial shenanigans, and are selling dollar. Dollar is rolling over, as shown in chart, moving on to a path for a new low. Waning confidence in hedge fund management will exacerbate the situation. British pound at $2 says a lot about confidence U.S.$. Downward slide for dollar means intrinsic value of $Gold is rising. Tuesday, NYC funds pushed up U.S. stock market and sold off Gold and Silver in a sure sign of emotional and financial denial. Markets did not sustain their effort, with the stock market giving up most of gain and Gold finding the summer's bottom.

Individuals should be using this selling to add to Gold positions, or begin a position. Remember. Gold investors have U.S. economy on their side. It sells $60 billion of dollars each month. Maybe those foreign central banks might want to invest their dollars in the High-Grade Structured Credit Strategies Enhanced Leveraged Fund. Some partnership interests just might be for sale.

By Ned W Schmidt CFA, CEBS
Editor of THE VALUE VIEW GOLD REPORT

Copyright © 2007 Ned W. Schmidt - All Rights Reserved

TRADING THOUGHTS is published 45 times per year and distributed by e-mail. An e-mail subscription is $225 per year. Email subscribers to THE VALUE VIEW GOLD REPORT can receive TRADING THOUGHTS as part of a $99 e-mail package subscription to THE VALUE VIEW GOLD REPORT . Fax subscriptions are available for $325 per year.

GOLD THOUGHTS come from Ned W. Schmidt,CFA,CEBS, publisher of The Value View Gold Report , monthly, and Trading Thoughts , weekly. To subscribe to these publications go to http://home.att.net/~nwschmidt/Order_Gold_EMonthlyTT.html This month was the inaugural issue of The Agri-Food Value View , an exploration of how the rise of the Asian economy will benefit agriculture and food investments. To receive a trial subscription, write agrifoodvalueview@earthlink.net

Ned W Schmidt Archive

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