what will you do with $100k?

travisjb · 09-11-2011, 09:52 PM

cool... unless you are a hedge fund and move markets, you can never be "right" on a commodities position... just go

In the case of gold, it looks like a long-term bubble... I think there are a lot of scared people out there... sadly lemmings... any time I hear radio advertisements for old people to invest their money in a class of investment, I do the opposite...

And then you can simply look at a 7-year chart

I will ride DZZ down to 1,400-1,500 / oz... bought at 4/sh

Also, why worry about the volume on dzz? it correlates perfectly to gold spot, and the sponsor is solid

optiontrader · 09-11-2011, 11:41 PM

Quote:

Originally Posted by travisjb

cool... unless you are a hedge fund and move markets, you can never be "right" on a commodities position... just go

In the case of gold, it looks like a long-term bubble... I think there are a lot of scared people out there... sadly lemmings... any time I hear radio advertisements for old people to invest their money in a class of investment, I do the opposite...

And then you can simply look at a 7-year chart

I will ride DZZ down to 1,400-1,500 / oz... bought at 4/sh

Also, why worry about the volume on dzz? it correlates perfectly to gold spot, and the sponsor is solid

Absolutely agree - not that worried about the volume on DZZ, the low volume just makes the bid/ask spreads wider than I'd like (vice shorting GLD). I know that spreads aren't much compared to a ride if gold hits $1500/oz; but it's easier to manage P&L in a volatile market if you've got a bunch of people in the game; I can't watch it as religiously as I'd like with the day job.

Lemers · 09-11-2011, 10:24 PM

$100k is life changing money so I'd pay a few bills off. Develop a long term diverse investment Portfolio. And put some cash in the bank for emergencies.

Isamu · 09-11-2011, 11:50 PM

Quote:

Originally Posted by Lemers

$100k is life changing money so I'd pay a few bills off.Fuxk some hookers Develop a long term diverse investment Portfolio. And put some cash in the bank for emergencies.

09-11-2011, 09:52 PM	#1 (permalink)
travisjb A True Z Fanatic Join Date: Jan 2009 Location: GSO Posts: 2,803 Drives: VIR Rep Power: 189	cool... unless you are a hedge fund and move markets, you can never be "right" on a commodities position... just go In the case of gold, it looks like a long-term bubble... I think there are a lot of scared people out there... sadly lemmings... any time I hear radio advertisements for old people to invest their money in a class of investment, I do the opposite... And then you can simply look at a 7-year chart I will ride DZZ down to 1,400-1,500 / oz... bought at 4/sh Also, why worry about the volume on dzz? it correlates perfectly to gold spot, and the sponsor is solid __________________ 2009 370Z #104 For Sale

09-11-2011, 10:24 PM	#3 (permalink)
Lemers A True Z Fanatic Join Date: Mar 2010 Location: Izmir, Turkey Posts: 15,371 Drives: 2012 Traverse LTZ Rep Power: 53	$100k is life changing money so I'd pay a few bills off. Develop a long term diverse investment Portfolio. And put some cash in the bank for emergencies. __________________ 2010 Black Cherry Touring/Sport/Nav Now - 2012 Travese LTZ until I leave for Turkey

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