You are 100% right. The move started years ago... it all depends on your timing..I honestly do not know any trend followers who have been long since the early 2000 periods...but when there is a price breakout... trend followers take their shots...all the best Andy
On Sep 14 08:43 AM doubleguns wrote:
> The hedge funds and Einhorn are late to the game and are trying to > catch up. Where were they 8 years ago. I appreciate them finally > getting to the game but remember....... > > They are tail end charlies. They have missed 100's of % in this ongoing > move. A push to $2000 will only get them a double.
How about...lets not predict... but look on rate of change basis or relative strength.. buy strength ...sell weakness ..but only with low risk trades...
On Apr 03 02:53 AM Eric in IL wrote:
> Let's face it, this is all a big house of cards. Don't get me wrong, > I'm a bull, not a bear. At some point it makes no sense to put value > on anything that you can't eat, wear, or live in. What makes gold > have value? Nothing, other than your own belief. What makes paper > currency have value? Nothing, other than your belief in a government. > Who is going to pay you if you buy puts on the Dow and it goes to > Zero? No one, because if the Dow goes to zero, then we return to > hunting and gathering. I mean, when you step back and really think > about making a living on the stock market, it is really funny. Your > only value is that you contribute to the function of a big confidence > game. > Now seriously, I think Roubini and Taleb have had their day in the > sun. I do not intend to chase them down the black hole. Although, > I would argue that Taleb's black swan now should be Dow 14000, because > it is the exact opposite of where we are right now. And I think > he would agree. > And as I have said a lot on this site, buy Platinum instead of Gold. > Platinum will outperform Gold this year.
GLD Soars on Fed Announcement; Headed for All-Time Highs [View article]
What about silver... as I am watching the market it is up today 13.49%... this is truly mind boggling ...more so yesterdays move in gold...or should I say volatility was immense... all of this confirms...have a plan... know where to buy...know where to exit with either a profit or loss... the volatility in the markets is awesome...
Possibly it is best not to predict..but rather react... ..keep to a plan...with money management and risk management...and hopefully survive this mess..
I do not think my point was taken... firstly the trend is up until or if 732 is breached... with that said... I am extremely concerned about the banking crisis and all the ramifications potentially on the horizon...but with that said... when the proverbial inflation hedge falls on good news... one needs to take note...as well as when newspapers are touting an investment idea... the risks to the trend are greatly enhanced...
Who Else Has Been Buying Gold? [View article]
Andy
On Sep 14 08:43 AM doubleguns wrote:
> The hedge funds and Einhorn are late to the game and are trying to
> catch up. Where were they 8 years ago. I appreciate them finally
> getting to the game but remember.......
>
> They are tail end charlies. They have missed 100's of % in this ongoing
> move. A push to $2000 will only get them a double.
Did the ECB Save COMEX from Gold Default? [View article]
Bear Market Over? Not So Fast [View article]
On Apr 03 02:53 AM Eric in IL wrote:
> Let's face it, this is all a big house of cards. Don't get me wrong,
> I'm a bull, not a bear. At some point it makes no sense to put value
> on anything that you can't eat, wear, or live in. What makes gold
> have value? Nothing, other than your own belief. What makes paper
> currency have value? Nothing, other than your belief in a government.
> Who is going to pay you if you buy puts on the Dow and it goes to
> Zero? No one, because if the Dow goes to zero, then we return to
> hunting and gathering. I mean, when you step back and really think
> about making a living on the stock market, it is really funny. Your
> only value is that you contribute to the function of a big confidence
> game.
> Now seriously, I think Roubini and Taleb have had their day in the
> sun. I do not intend to chase them down the black hole. Although,
> I would argue that Taleb's black swan now should be Dow 14000, because
> it is the exact opposite of where we are right now. And I think
> he would agree.
> And as I have said a lot on this site, buy Platinum instead of Gold.
> Platinum will outperform Gold this year.
GLD Soars on Fed Announcement; Headed for All-Time Highs [View article]
What's Another $1.15 Trillion? [View article]
Waste
Inflation
Can the Fed Really Just Print Money? [View article]
The Euro Shows Its Real Colors [View article]
Bailouts Will Soon Drive the Currency Markets [View article]
More so how do we protect ourselves.. what is your opinion??
Going for Gold? It's Overrated [View article]