User 244491

Gold and the Dollar: Putting the Relative Cart Before the Relative Horse

Did you bought Gold at 415$ and still keep it (I bought Hecla Mining at 53 cents sold at 1$ back in 1998,not sure you heared of GC back then) or you bought 1 oz American eagle coin and now portray yourself as wise man?
The question is not what one bought/sold it is question of stupidity,I suspect you belong to that category,the question is when you sold.
I could sell Boots and Coots Inc.(symbol WEL) that I bought for 6 cents I think in 1999 for 10$ 2 years later but I sold for 12 cents.
If you are long Gold at 415$ and didn't sell it at 900-1000$ then you are loser and big balls guys know about it,they will make you sell at a loss and then buy for themselves when pikers like you be bearish.
You wrote death penalty in this article for yourself,as you prove that you are a loser,now waiting for gold to go back to 1000$ as your greed tells you it is right place to sell but at 1000$ people like you become bulls again that's why your chances to bail out are slim.

Wall Street Breakfast: Must-Know News

Shalom dear Eli Hoffman,
good to see serious commentary not some bluff from SA writers who still live with their mom at 45.
Shavua Tov.

Monday, August 18: Week in Review

You seem to be very intelligent guy who never traded commodities (maybe some FX,1 mini-Silver?),I like your observations but all you said is known before you was born.
The happiest thing in your article that you will never believe may turn true next year,that Dow Jones really will fall to 6200 or lower,why not.
Does it have to do with China,with your mom selling her bleeding mutual fund to pay your tuition or Play Station,does it have to do with anything?
The reason that markets crash lies in one simple psychological aspect,nobody believes in it as 99.99% of investors want market always to go straight up and every investor will say that his stock is the best in the world but there are tens of thousands of stocks and millions of investors,how can be that each stock is the best in the world?
There are so many sectors and every investor in any sector believes this is the best stock in the best sector...
The final countdown is aproaching,those that didn't take money out of the table (how one can sell the best stock in the world, average is already down 30%) doesn't matter if reason is greed or stupidiness,are going to witness BEAR market in it's natural pure form,as bear knows no fear,he spreads blood and destruction whenever he goes whatever he touches.
So play your Playstations in a meantime bear will play with you his game.

This Gold Correction Has Further To Run

Gold will always be Gold,GC as commodity has ATR (average true range) of about 30$ a day lately.Sell on reaching the higher band,buy on lower.Don't be a bull,don't be a bear,it is dangerous game right now with too much interest on both sides.Let the big egos fight,you can swim in between while they will settle the trend.At the moment trend is down so why to jump sinking ship,I am doing the same only with Crude Oil,day trding on some days 70 futures contracts for the difference of 10 cents but my longer term strategy I sold 130$ October calls,100$ October puts,this brings some time decay while I swim in and out of dangerous waters that are not dangerous at all when one is not greedy.

More Correlations: Oil and the Dollar (and Gold)

What you write is true in normal market conditions,not when Dow Jones is heading for 4000-5000 next year.
There are many heroes writing on SA,better show us your monthly statement so we can judge if you put your money where your mouth is or you are just another piker taken out on a margin call when all commodities crashed.Show the statement hero.