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Because you can always make more on the long side percentage-wise than you can on the short side. Assume your leverage or cash at risk is equal for both trades in this example. If you short the dollar and it loses 50%, you've made a 50% profit. If gold doubles, you've made a 100% profit...

It already is. I've been long TBT since $37. In addition, a minister from South Korea just this week said, "It's time to sell U.S. Treasuries". It doesn't get much clearer than that. The Fed will try to stop the tsunami, but the bond market is bigger than the Fed, and the Fed's got...

The best way to know is to use tried and true contrarian indicators. When non-financial publications and media start touting or hyping precious metals, when you hear friends, family or neighbors mentioning gold or silver, that's when you know the top is near and you should start selling out...

Either is possible, but I'm hoping we get a pullback, because I want to get a better entry point on going extremely long on silver futures. I don't think there can be any question, given the fundamental factors going on now, precious metals are set to fly. In fact, I believe that they (along...

Indeed, I'm looking at going long GBP against the Dollar. Jimmy Rogers is always a good contrarian indicator..:D

Looks like China may throw a fly in the Fed's "ointment". From Friday's Nikkei newswire... This is the year of the Ox. Looks like Treasuries are going to get plowed.

Actually, they can serve as an important contrarian indicator, so value them for what they are. Also, I would say anyone focusing just on the technicals and not also on the fundamentals of gold is missing more than half the picture. That said, I do hope that gold (and particularly silver)...

In the past 3 months... Gold hit a low of $712.30 on Nov. 12, and rose to $821 to Nov 25 Then fell to $756 on Dec 5, and rose to $852 on Dec 18. Then fell to $846 on Dec 25, and rose to $882 on Dec 31. The fell to $859 on Jan 5... Anyone notice a pattern? :D

Hey, let's not leave stock_trad3r out either. I mean, he did say that the Nasdaq was "on fire". It was burning today, alright...:D

Indeed. Anyone who lives by the chart dies by the chart. We call them "chart slaves".

The technicals look very nice for the short side. So far, we just completed the head of a perfect head and shoulders, and if form holds, we'll trade sideways here for a couple weeks to form the right shoulder before the next leg down.

My analysis of all the indicators I use in my investing (or trading if you prefer) brings me to that conclusion. Point being, whatever one wishes to label such things is incidental. If I say rally in a secular bear market, and someone else says bull market, it doesn't really matter, other...

Why are you so hung up on labels??? Doesn't make any sense. Bottom line, you either make money in the financial markets, or you do not make money in the financial markets. However you want to label it is unimportant as far as I'm concerned. End of story.

Not at all, not really sure where you're getting that idea that I only invest based on what kind of "secular" market we are in. As I said, we are in a bear market rally, so of course the right course of action is to go long. But the key is knowing that buy and hold as a strategy doesn't...

Actually I believe you are correct on that count. As long as you understand that this is just a bear market rally and not the beginning of a new secular bull market you'll be fine.

If history repeats, we will indeed see a major bear market rally between now and summer, followed by a long, painful slide over the following 2 years to new lows (probably somewhere around 5k or lower).

sorry, but how does today's pullback confirm that gold will not hit $1000 again? :confused: If you're depending strictly on charts, you'd better be doing short term trading only, because the fundamentals say long term gold will most certainly break $1000 this year.

Speaking of wrong again...:D

Some of us are long, some of us are short. Some say it's ready to take off, some say ready to collapse. In the next several months, one group of us will have done very well, and the other, not so much. Fun! :D

LOL! :D