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Closed out this on Friday @ 1179. OPEC move is a momentum shift for commodities, deflationary trends and PM. Not very positive on gold as of now. Swiss vote turned to be unexpected rout for the goldistas by the way, 77% No!

Hi Trilogic, Let's not get overly excited about that referendum, though. I think gold prices will respond to a much more fundamental issue: deflation risk. So far, it's only a passing thought in Mr.Market's mind, as evidenced by the comments on this thread ("How's that long position treating...

Was wondering when this remark would come. Response is "Could be worse". Not in the poorhouse just yet. My horizon extends way beyond couple of days/weeks. I can wait because I have capital, aka low leverage. Waited a full three years on the short side. There's only two prices that matter in...

I don't. My positions are sized to live through high volatility. They're not trading positions, they're more like asset allocations. Short position I just covered lasted from November 2011 to last week. Was short @ $1550 and stayed so through run-ups to $1850 or so. My stop loss was at the...

Hi Logic, Rationale is until now Mr. Market had two scenarios in mind: the Austrian economists "QE=hyperinflation" and the Fed scenario "we're in control and there's no inflation". As scenario 1 proved false, gold slumped. Now Mr. Market has a third scenario, deflation. Gold does well in...

Long (MGC on CME) at $1237.Will post when I next trade (adding to long or exiting -profitably or otherwise-). Infrequent trader here, so it may take a while...

@$1230. We'll see what happens. Enjoyed the ride from $1550 to $1230 and still think GC is in a bear market (headed to $800 or lower) but think I can identify (and make money out of) some of its fits and starts. Will try to report regularly my trades.

or other pair? Experience sharing appreciated. Thx TJ

Was "transferred" to the Arabs in the 70's, to the Japanese in the 80's, to the Chinese in the 2000's. The Chinese will shortly be what the Arabs and the Japanese are now: a second rate player in the global game. As manufacturing gets repatriated (and robotized), they will lose their current...

It's called Diesel. (but "Petrol" is called Gas) :)

Given the share of HFT in total volume, I tend to think that volume changes are way less relevant than when Good Ole Joe was basking in his glory. It's not like all trades reflect a commitment to hold the stock until retirement. Due to the share of HFT, I'm sure the average holding period is...

I didn't know Joe Granville was still alive. I love the way his 1981 call is reported here: "whose 1981 call 'sell everything' triggered a market decline"! His bearish 1981 call remains in history as the epitome of failure: it preceded a 20-year roaring bull market of historic proportion. Yet...

I am not saying otherwise. That's why you have to work year by year and country by country : Current account balance +/- Public sector balance= Private sector leveraging/de-leveraging If you understand how the current account deficit is constructed, then you understand that CA balance gives you...

Whaddya mean a cite? I put it in plain English: (Source: IMF WEO Sep 2011 database) Means World Economic Outlook in case you don't know the acronym For public sector I told you: "top of my head" For China I am pretty sure of the $600Bn. Check out China 2010 IMF Article IV For the US...

Because the current account position is the outcome of the difference between national savings and national investments.

The most complete way is to look at current accounts (Current account is total new saving minus total new investment for the year): increase of current account surplus or decrease of current account deficit is deleveraging. So for instance, between 2006 and 2011, the US current account deficit...

Prolly one of the few politicians I respect, irrespective of whether I agree or not with his views. (Which I often don't...)

Steve, Wholeheartedly agree, which is why I was an avid ZH follower. Problem is, when they display the same consistent bias, only in reverse, then their credibility follows the same path as that of mainstream medias. Quite frankly, I don't rely on financial websites for political advice. I...

So where's our Spanish89 now? Enjoying la Dolce Vita with the truckload of cash he made on his brilliant trade, I guess. Enjoy the Champagne, buddy! Only blood in the street is the red overflowing from your account...

ZH aka "Dogmatic trading"