Dont you mean,
Jesse Livermore - Reminiscences Of A Stock Operator
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Well officially it is Lefevre. But IIRC after the publication Livermore said that he wrote it and Lefevre edited it, which makes sense since given the way it is written, it would be far easier for the actual person to write it like that than some third party.
Gold stocks will probably be hit for 6 next week, with the fallout from the Goldman Sachs charges. Sounds all a bit tenuous, with Paulson being a big holder of golds ETFs and shares such as Anglo Gold. A few more Silver Lake (SLR) or Papillon (PIR) could be on my shopping list come Monday, if they take a hit.
Right makes sense will setup a watchlist see how your picks go over the next 6months------
Gold down dollar up
"Jim Sinclair's Commentary
If you think that Goldman's problems are not shared by the entire derivative market, you are bonkers.
If you see the Goldman situation as negative to gold you are a total fool.
If you see the Goldman situation as being bullish to the dollar, you are hopeless."
At http://jsmineset.com
looking forward to seeing this movie
-http://www.youtube.com/watch?v=dmwGgcCdNkU
Won't be long before you'll be using that 50kgs of silver of yours as an anchor JB.
On Monday NAV = Nil Asset Value and NAVO = Net Asset Value Zero. LOL
Note the bit that says "out of riskier assets like gold and into safer assets like the USD".
Has the bell rung?
Goldman Sachs Sinks Gold Prices
By Alix Steel 04/16/10 - 03:06 PM EDT
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Add CommentStock quotes in this article: ABX , NEM , KGC , GG , AUY , FCX , GLD NEW YORK (TheStreet) -- Gold prices Friday were dropping steeply as investors traded out of riskier assets like gold and into the U.S. dollar.
Gold Prices Nose Dive
Barrick Gold Corporation| ABX DOWNKinross Gold Corporation| KGC DOWNSPDR Gold| GLD DOWNGold for June delivery was slipping $22.10 to $1,138.20 an ounce at the Comex division of the New York Mercantile Exchange. The gold price Friday has traded as high as $1,161.20 and $1,130 after settling just above $1,160 on Thursday. The U.S. dollar index was adding 0.44% to $80.79 as the euro fell 0.67% against the dollar. The spot gold price Friday was falling over $20, according to Kitco's gold index.
The news that the SEC charged Goldman Sachs with fraud was killing gold prices as investors rotated out of riskier commodities and into safer assets like the U.S. dollar. The gold price had been finding support around $1,150 an ounce after better-than-expected earnings from big U.S. companies. But gold couldn't hold that level and is now retesting the $1,135 area as momentum buying erodes.
A bit of argy bargy on CNBC regarding the Goldman situation:
http://www.mediaite.com/tv/cnbc-gues...goldman-sachs/
If you were to hold gold. Would you physically own it or own it through and ETF?
Neither, owning physical gold is very risky and owning ETF's is extremely risky.
I'll bet there's some very scared punters out there at the moment.
I wonder how many of them will have their finger hovering over the sell button at the open on Monday?
Or maybe the "buy US Dollar" button.
If you check other websites it's someone elses fault. "The usual mob" hammering gold. "Happened on a Friday". "Audit Fort Knox". LOL
Conspiracy theorists heaven.