Comments on: Contrarian Signs

By: sportbeine

sportbeine — Tue, 10 Nov 2009 01:43:53 +0000

I was in the bank the other day, trying to see what alternatives they had to my crappy money mkt account, and the guy was telling me how all these retired people are coming in and asking him how they can buy gold. (thought about taking a short position that day … but am glad I didn't act on it)

By: WorldBeta

WorldBeta — Thu, 05 Nov 2009 21:26:46 +0000

http://ftalphaville.ft.com/blog/2009/11/04/8143...

By: macclary

macclary — Thu, 05 Nov 2009 20:54:29 +0000

Harsh commentary on your fan base ;-> I have an idea for a 130/30 ETF: go long the investable market portfolio and short whatever is leading in terms of retail investor inflows.

By: thom

thom — Thu, 05 Nov 2009 14:05:12 +0000

That's the first good thing I've ever heard about that Spencer douche. That said, I sold half my GDX position just now after reading this post.

By: WorldBeta

WorldBeta — Thu, 05 Nov 2009 03:40:20 +0000

Ahaha, thx. Fixed.

By: JakeGint

JakeGint — Thu, 05 Nov 2009 03:37:08 +0000

You “shuttered?”

Like as in a Dutch Colonial?

By: marketfolly

marketfolly — Thu, 05 Nov 2009 03:29:43 +0000

haha I just laughed so hard.

I'm with you though on the contrarianism… cash4gold, random people asking me if they should buy some, etc. But on the other hand you have a bunch of prominent hedgies in the play. Tough call. But like you said, draw a line in the sand and you're all set.