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jk · May 10, 2011, 07:23 PM

Re: Passport Capital's John Burbank says gold may drop until August - May 9, 2011 (8min.)

i suppose it may drop until august. given the end of qe2, i wouldn't be surprised to see a selloff in equities and commodities, as i've said before. so what?

**LargoWinch** · May 10, 2011, 07:26 PM

Re: Passport Capital's John Burbank says gold may drop until August - May 9, 2011 (8min.)

Originally posted by jk View Post

so what?

well jk, there is all that cash from selling silver sitting around...

jk · May 10, 2011, 07:30 PM

Re: Passport Capital's John Burbank says gold may drop until August - May 9, 2011 (8min.)

Originally posted by LargoWinch View Post

well jk, there is all that cash from selling silver sitting around...

good luck. i'm a lousy timer myself, so when i sold my silver friday morning a wk and a half ago, i just put it into gold then. every time i've tried to time my way out and back into the pm markets, i've regretted it. the worst was when i sold cef a few months before the slv etf was first released, because i figured the cef premium would be arbitraged away. silver immediately took off.

**metalman** · May 10, 2011, 07:36 PM

Re: Passport Capital's John Burbank says gold may drop until August - May 9, 2011 (8min.)

John Burbank? track record re gold, pls.

**BiscayneSunrise** · May 10, 2011, 10:36 PM

Re: Passport Capital's John Burbank says gold may drop until August - May 9, 2011 (8min.)

Well, summer is typically weak for gold and given the recent run up, I'd say gold weakness here to be expected.

**Chris** · May 11, 2011, 06:19 AM

Re: Passport Capital's John Burbank says gold may drop until August - May 9, 2011 (8min.)

Mr Burbank from Einstein Capital said in an interview last week, that the value of investments can go up as well as down...

**CanuckinTX** · May 11, 2011, 07:13 AM

Re: Passport Capital's John Burbank says gold may drop until August - May 9, 2011 (8min.)

Originally posted by Chris View Post

Mr Burbank from Einstein Capital said in an interview last week, that the value of investments can go up as well as down...

So...you're saying he's been right before! ;-)

BK · May 11, 2011, 08:09 AM

Re: Passport Capital's John Burbank says gold may drop until August - May 9, 2011 (8min.)

Key Comment from Mr John Burbank - "Hedge Funds need to make Money on near term basis" - meaning his Investor demand he makes Money for them every Quarter - this is my interpretation. Hedge Funds are paid to have long term bets and short term bets - I know I can afford and generally not skilled at short term betting in the stock market.

jk · May 11, 2011, 01:51 PM

Re: Passport Capital's John Burbank says gold may drop until August - May 9, 2011 (8min.)

i consider that one of the biggest advantages i have over all the pros trading all the markets is that i can afford to be patient and engage in longer term thinking.