Recent content by wyndtrader

The difficulty in understanding of the concept of Peak Oil stems from people's misunderstanding of exponential growth. This guy does an excellent job explaining the idea (you don't need to watch the whole thing, but I recommend watching up to the bit about the bacteria in the jar)...

Much has been written of the importance of cutting losses and riding winners. I have been working on a short-term trading strategy (mostly day-trades, some held for a few days), and have thus far been pleased with my conditions for entering trades and my conditions for placing stop-losses...

In your scenario, you mention a 'debt crisis' but that could be different things: a) the US going cap-in-hand to its creditors, pleading poverty, and seeking to restructure its debt with promises of immediate fiscal puritanism, involving constitutional amendments that required the running of a...

Ok, in the case of massive deflation the price of gold would fall relative to the dollar, as dollars became more and more valuable.

In the case of a turbulent inflationary period in the US, gold would increase in value relative to the dollar. As dollars became less and less valuable, more of them would be required to purchase goods- including gold, which people would begin to purchase from a desire to preserve their wealth...

I think this an interesting point, but it touches on a wider issue. It is in the interest of the US government to devalue their currency in order to pay down debt with less valuable dollars, hence the repeated calls by US officials for a full float of the yuan- China being the largest holder...