Sell Sell Sell
France has gone socialist and Greece is in a coalition.
The French now want more for nothing and Greeks don't know.
Sell and short everything esp. Euro.....buy silver and gold.
Belguy has this one from here!!!!
Long US dollar for a while
Last edited by Miser; 2012-05-07 at 12:34 AM.
Get your buying hats on :-) From my experience, it's best to let these markets fall (this will the the 4th down day in a row if it sticks) until you get a positive one, and then I'll pick up my targeted positions.
if the FX mkts managed to reverse sharp losses in europe and weaken the USD , plus maintain the euro above 1.30 so far, nothing on earth would surprise me.
everything is fine ..... in less than 6 hours.
my buying hat is at hand.
actually the spx futures reversed losses by half so far.
buy buy buy.
do ur own DD
I might be wrong but France has always been Socialist, just different flavors.
Perhaps Baskin-Robbins was initially a French company?
Originally Posted by Eder
Originally Posted by Nemo2
4 weeks now since my post and things are pretty much on target.
Originally Posted by Miser
Markets down about 5%
PM's down only slightly
Euro way down!
US Dollar huge gains.
I have done very well!
Looking for another run up on stocks when QE3 hits. Will watch from the sidelines and short at the appropriate time.
I expect the next round of easing to be less effective and shorter. PM's will rise agains.
I don't think you'll see 1400 gold again.
US dollar will rise but then I will be shorting when the slide begins.
Maybe a while for that....1-2 years?
As belguy might say "This is the beginning of a huge fiscal change"
There will be ups and downs but the line is down.
Rather than sell sell sell..............I suggest this.
Election in the US is very close, and Ben will do what is adviced.
Que EEEEEEE Threeee......is on it's way!
If he means gold, in hindsight, maybe 7 years ago or so would have been a better time to get on for that rollercoaster ride.
Originally Posted by Lucy
Gold's price graph looks parabolic to me right now.
Also, there's this; *
"In his book Basic Economics, Thomas Sowell argued that, in the long-term, gold's high volatility when compared to stocks and bonds, means that gold does not hold its value compared to stocks and bonds:
To take an extreme example [of price volatility], while dollar invested in bonds in 1801 would be worth nearly a thousand dollars by 1998, a dollar invested in stocks that same year would be worth more than half a million dollars. All this is in real terms, taking inflation into account. Meanwhile, a dollar invested in gold in 1801 would by 1998 be worth just 78 cents."
*quoted from wikipedia
edit: I understand Miser was talking about precious metals in terms of trading, not about holding them for the long term, so I guess in that case volatility could be a good thing if you know what you're doing or if you're lucky, or both.
Last edited by mrPPincer; 2012-06-04 at 08:54 AM.
Reason: re-read the thread