Gold - on cusp of massive bearmarket :)

Status
Not open for further replies.
Quote from bone:

I love your enthusiasm but find your logic and methodology... well, wanting.

Soooooooooooo many buyers just above $1,000.

Why not just wait for a close below $1,000 before getting short? You know, swap some ego and a bit of trading range in exchange for better risk/reward skew?

You don't have to be a market timer to be a successful trader - I mean, if you're a natural at it then God Bless. For the majority of us mere mortals please be advised that there are lots of different and IMO better risk/reward methodologies.

Gold (and by extension other physical commodities) has replaced fixed income as a 'flight-to-quality' instrument and a favorite place to park cash.
More...



Give it a rest with the parasitic inducements to your website, Mr. sponsor. Sell your wares elsewhere, please. Not interested in anything you have to offer by inference or otherwise.

have a nice day
 
I'm not the one making bold pronouncements to the world about Gold falling off a cliff, and then getting drunk and posting more nonsense. Deal with it.
 
No change in my thinking - same as what I've outlined in the opening posts of this thread.

So will wait for the likely SHORT.

Still feel that Gold is in a terminal upwave since the July 28, 2010 low.
 
That's fine, more power to you - but no need to resort to personal attacks when things don't work out for you. We have a difference of opinion - you want to time the market, and my preference is to let the market show me where it wants to go before I risk capital. I believe that my approach has better risk/reward skew, but to each his own and that is certainly a topic for legitimate debate. There's a tendency on ET for someone to start a thread with a bold, macroeconomic statement about a market going up or down, and then the poster gets very aggitated with personal attacks when the inevitable happens. Market timing is a very tough hombre. The time horizon and capitalization reserve bocomes the deciding factor for the strategy.
 
Quote from bone:

I'm not the one making bold pronouncements to the world about Gold falling off a cliff, and then getting drunk and posting more nonsense. Deal with it.
More...


>>>>> Gold (and by extension other physical commodities) has replaced fixed income as a 'flight-to-quality' instrument and a favorite place to park cash. <<<<<<


I took this from your previous post, bone. Do you stand by this statement?
 
Quote from bone:

I'm not the one making bold pronouncements to the world about Gold falling off a cliff, and then getting drunk and posting more nonsense. Deal with it.
More...



Hahahaha, your pronouncements are equally loud but in the opposite direction and in line with the HERD which at ET numbers how many thousand? :)

Can't tolerate just one guy who wants to go the other way? Its not like you have a shortage of fellows who think like you.
 
Sure, go ahead and take that statement completely out of context in order to make a point about you market timing gold. Gold's been a buy since August 4th, and at some point that trendline gets taken out with one or two solid closing marks below that trendline. You make a bold, macroeconomic call by starting a thread on a website. You're saying gold is a short and I'm saying that I'll leave that up to the gold market to tell me. Difference of opinion. Monster difference in capitalization requirements and risk/reward skew.
 
Quote from bone:

That's fine, more power to you - but no need to resort to personal attacks when things don't work out for you. We have a difference of opinion - you want to time the market, and my preference is to let the market show me where it wants to go before I risk capital. I believe that my approach has better risk/reward skew, but to each his own and that is certainly a topic for legitimate debate. There's a tendency on ET for someone to start a thread with a bold, macroeconomic statement about a market going up or down, and then the poster gets very aggitated with personal attacks when the inevitable happens. Market timing is a very tough hombre. The time horizon and capitalization reserve bocomes the deciding factor for the strategy.
More...


Fair enough, so if its OK with you, why don't you state some more or all of your reasons for your stance on Gold, including targets etc. ?

>>>> you want to time the market, and my preference is to let the market show me where it wants to go before I risk capital <<<<

but that is exactly what investors have been doing for aeons and getting burned - 95% of them anyways :) :D
 
Status
Not open for further replies.
Back
Top