All the Gold ever extracted is 160,000 tons (in 2009) , The American Debt = 14 Trillion Dollars = 1.8 All the Gold ever extracted in Human History !!! The monetary mass in the US is increasing by 15% a year ! Total gold divided by people in the world gives each of us 23 grams
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Monday, December 13, 2010

Trading Strategy for High Gold and Silver Prices

NEW YORK (TheStreet) -- Phil Streible, senior market strategist at Lind-Waldock, reveals his end of year trading strategy.




Phil Streible,:.....the biggest thing that I think is that. Odd if we get this advance and it breaks out or get anywhere near like 1425. We saw considerable lot of selling -- And the selling was done by -- like hedge funds money managers people that are -- There are performance based and they're trying to book profits -- and and I think that don't recall man -- if they had any kinda. -- left over positions that people -- right there and then look to reestablish. In early January. The last question what you're here and strategy -- This year and now we're still lawn with a lot of people here on the one of the biggest thing that we did was sell what options which is a little bit more aggressive strategy you're settling wanna. I you know had some risk parameters worked out or -- we're looking at selling. You know February gold thirteen hundred points and then use enough premium from -- to -- call spreads for next December.

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