RE:RE:RE:RE:why down ???DavidHasselhoff wrote: Goldbug52 wrote: DavidHasselhoff wrote: The pleasures of etf's. Which is why I always say I would prefer not being in any indexes either.
KL can stand on its own.
The Hoff.
You're suggesting ETFs are the problem. How come other big caps aren't being hammered as they're probably also part of those ETFs. KL had a great news release and should be up not down. I'm suggesting that it's Lakewood Capital and friends. Not to worry however , we'll be up 10% plus after the first qtr results and the divy increase.
My screen is overwhemingly down on golds. In %:
Abx -.35, Aem -1.56, DGC-.30, IMG-1.75, YRI -3.83, FNV -.17, K +.12, WDO -3.81, HRT (for fun) -17.31, OR -1.59, OSK -4.59, PVG -3.55, NEM -.88
A nasty day overall on my screen.
But there is good news also. The good news is that the Hoff is nastier. Especially when hes in the sauce. Like..er.. well right now. So here is the Hoff’s words of wisdom: the market is like the casino. The casino always wins. Why does the casino always win? Because the casino has deeper pockets. And because the odds are slightly in their favour. So here we have them, they, the big boys, the mms, the shorts, the pog, macro events, indexes and Freddy the Freeloader, all on the other side of the trade. How can your average Joe win? Its pretty easy really. Take a longer term view, drink lots of 7 yr when TA is outta town like now, and dont ever forget that when push comes to shove we can always rely on our brass balls.
The Hoff.
:)