User 257960

Nine Ways to Profit in 2009

Gold will only go high. Gold Miners Stock are a leading indicator for gold price. After reaching bottom, Gold Miners has just about dobule. For the last two weeks, Energy Stock refuses to go down while Crude Price further declined. Energy Stocks are now starting an up leg. I will count out oil at $20. We have probably saw the bottom for oil in the near term.


On Jan 02 11:17 AM 1977°C wrote:

> Things I agree:
>
> 1.Crude Oil 10-15 a barrel.
> 2.Sell financials indefinitely.
> 3.Sell China or Asia or any index even DAX or DJIA will do.
> 4.Sell REIT.
>
>
> I don't agree:
>
> 1.Gold will crash more than Oil, probably we are heading for 200-300
> $ an ounce soon.
>
> If Oil will be 20$ I promise Gold won't be 1000 nor 700, it will
> be at highest 500.

Nine Ways to Profit in 2009

I can see that the recommendations if carry out at this time will hurt you badly. Energy just came out of a fall wedge and start a recovery. If you buy Callow's recommendation, you will miss this up leg. Most of the shorts mentioned are forming nice falling wedges but prices are still within the falling wedges. Getting in prematurely can hurt you badly. It is all about timing. TBT (Short Tresearies) is the one to buy right now as the price action just broke out of the falling channel on HUGE VOLUME in two consecutive days.

Own Gold? Time to Fold

Bottom line reading all this is that we don't know what those stupid people are doing at any monent. You can be right in your prespective but timing is completely out of your control. These stupid people has turn the stock market into a gambling casino. Last Friday, I jump in with the shorts and would have netted $12,000 at the end of day if I closed my position. I choose to wait to see on Monday and on Monday before Market even opens, $8000 evaporated in thin air. I choose to gut it out and this supposed $12,000 profit turned into a $36,000 loss. I cut after too much pain and hope on gold for a $10,000 profit. I learn my lession and will now follow Todd Harrison to hit and run, not to leave any opening position at night during these crazy time. For longer term that I can wait it out, I will short the Treasuries. I can wait it out for Gold, but with $10,000 profit in 3 days, I better take it before it evaporates. There will always be new opportunities in the future. I am sure I have the right perspective but now I am going to make sure those stupid people can not hurt me by adopting hit and run, meaning close my positions at the end of the date.

Powerful Strengths, Pathetic Weaknesses, and What Donald Coxe Recommends

I generally agree with the statements in this article One thing I like to add is that there appeared to be an untold US Government manuver to artifically creat an environment favarable to elect a Republican in November. There is also a helping hand from China buying US Dollars. So far, it failed to ignite a stock rally, I will not be surprise to see one coming soon. The long await crash will be delayed until after the November election.