Search results

Famous for being an amateur trader, perhaps. Some of the trades he's posted are downright puzzling to say the least with no good rhyme or reason (such as his short GS into earnings :confused: ) , and this gold thread in particular, playing parlor games such as trying to call absolute tops (or...

Exactly. These types of predictions serve no one. Anyone who had traded based on his first call ($600 by 4.1.09) would have been burned badly, and then yet again after he revised his prediction. Calling exact tops and bottoms to the dollar or point amount is a fool's game. Those actually...

Sad. You come out and dance a jig and celebrate because every time it "appears" your prediction hasn't yet been invalidated, but of course you'll crawl back into your hole when it actually hits 1000... Honestly, have some self respect and start acting like a professional trader and not a...

Exactamundo. It's pure amateur hour.

...and we're going into the strongest month of the year historically over the past 40 years for gold...:eek:

Probably either FCG (a fund of nat gas producers), or perhaps GAS (on the TSE, not the one on the NYSE) or CYMGF, which trades OTC here in the states.

LOL, classic! :D

The irony of course is that you likely capitulated near the bottom. But then again that's what bottoms do, force enough pain until the last of the weak hands have been wrung out. IMO your biggest mistake wasn't in the idea of going long nat gas, which is actually an excellent contrarian play...

Come on, 4 more dollars! :p

Yes, but one trades at a premium to its NAV, and the other trades in line with its NAV. Furthermore, one is based in the U.S., which is being subjected to all sorts of ridiculous regulatory garbage vis a vis the CFTC, whereas the other is based in Canada (apparently the new land of the free)...

Those looking for a way to play NG via ETF might check out GAS-T (not to be confused with GAS which trades in the U.S.). It's on the Toronto Stock Exchange, and doesn't trade at a premium to its NAV. And Canada isn't imposing any silly speculative limits on their funds the way the U.S...

Can't wait for gold to finally just bust 1000 again, if for no other reason that to drive the final nail into this coffin of a prediction thread...:)

Hmm, looks like my post showing further evidence of Surf's trading "acumen" (or lack thereof) was also deleted. Now I remember why I left this site in the first place all those years ago. This place is a joke, where the inmates are allowed to run the asylum. Exit...stage left.

I wouldn't get too exercised about all of this. If one studies history both in the U.S. and other countries, you will see that during severe economic downturns, short sellers have always been vilified, and measures enacted in the interest of trying to shut them down. But inevitably those...

I would agree that the "death of the dollar" is currently exaggerated. Not so much that it's wrong, but that the timing is not what many believe it will be. The dollar will remain strong for a while longer not because of economic recovery or strength, but because of continued deflation and...

In any long term trend there will be periods of consolidation or sideways movement before the trend continues (or in some cases reverses). Until the larger trendline is broken, the wisest course is to assume that the trend is still intact.

There is speculation, and then there is speculation. Yes, every trader not having a crystal ball cannot know for sure the outcome of a particular trade. But by analyzing all the indicators and factors in a particular setup, whether fundamental, technical or otherwise, one can give themselves a...

Yup. Even a broken clock is right eventually...:p

Buying or shorting PM's is like any other asset, when you take your position is of paramount importance. Personally I've been heavily long PM's since 2002, and expect to remain that way until later this year, at which point I'll likely sell my holdings and wait until probably 2011 or 2012...

Long term (several years out), it is true, the Dollar is in big trouble, and PM's will have their greatest gains at that time. Medium term (next couple of years), there is still a large amount of deleveraging and deflation to go through, and as the equities, RE and commodities markets...