Great Depression 2 underway as of July 25, 2014
- Thread starter AfterLOS
- Start date
USA fast asleep as DEFLATION speeds across the oceans from Japan and Europe, a double-barrel load aimed straight at LalaLand. This one they won't be able to blame on ISIS, but Obama, yes, they will say HE caused it. 
If Obama wasn't around they'd blame it on Denzel Washington.
Years and years from now they will be saying, "look Pa, the USofA became exactly the Japan of the 1990-2018"
If Obama wasn't around they'd blame it on Denzel Washington.
Years and years from now they will be saying, "look Pa, the USofA became exactly the Japan of the 1990-2018"
Not poking fun at Mr. Kachingo $$$$$$ but just demonstrating something I've noticed for months now about ET = nobody sees nothing coming and if anybody claims differently, ET's engine will confirm or deny.
None of this condones my own stupidity which is adequately shown here in Gold
Anyway, here's Mr. Kanchingo $$$$$ used as an example ..... see chart weekly of SPX
Folly:
2009 low = blood in the streets = lowest risk of going LONG he was nowhere to be found
2010 came back and was shorting like there was no tomorrow in a bullmarket
2011 shorting more in a bullmarket
2014 got bullish and going LONG $$$$ when risk is super high
see chart for details of how Mr Kachingo $$$$ plays - click to enlarge
From the previous chart and reading many files here at ET especially Mr. Kachingo $$$$'s thread its clear that
they sell or vanish when they should be buying and buy when they should be selling
put another way
they sell or shun bottoms and buy tops = this is what the HERD does
Moving on, no need to belabor the point
No hard feelings Mr. Kachingo $$$$ just an example
they sell or vanish when they should be buying and buy when they should be selling
put another way
they sell or shun bottoms and buy tops = this is what the HERD does
Moving on, no need to belabor the point
No hard feelings Mr. Kachingo $$$$ just an example
then you bought at 1295 and 1285 and who knows what other bad, very bad gold predictions you made...
Gold is at 1170.... LOL..... Down almost 200 on your Aug 13 purchase? Then down another zillion points....
How can believe your gloom and doom when you are so wrong on gold predictions.....??????
Markets near ALL TIME HIGHS, GOLD GETTING CRUSHED, and you are now at post 1342 and are down maybe one trillion fake dollars on buying gold the entire way down....
This is the just like the little boy crying wolf......you would have ruined any fund in the universe on your gold signals.....but in 100 years will be happy when the markets crash...
LOL
I think many have to understand is that this market that has been trading at historical highs....this market that only knows one direction can actually make a sudden turn when you least expect it to.....its happened many times in the past and will happen again. Just because gold is trading under 1200 today doesn't mean it can't trade to 2000 or 4200...it can....anything is possible when you least expect it in these markets. Everything that can be or should be isn't because of the manipulation and greed on wallstreet ...these aren't real markets ....this market is trading in make believe land but about 99% of people out there do not comprehend this....they will only comprehend it well after the fact it has proven itself.....
Something else significant happened in August 2008.
Part had to do with gold.
Anybody know what happened to ET trader, istoptime who has no trades but teaches others to trade as in becoming a professor because can't find a job in industry?
I'm going to make his entire month which has been kinda down because he's run out of material to poke fun. Well now he has ammunition
Bought Gold again @ 1166.6 and set to LONG more @ 1155.6
My chauffeur, istoptime should now figure out my average entry on GOLD thus far with 1154.3 along with the 2 above + all the others that he's so diligently recorded and posted in this thread.
So we have 1166.6, 1155.6, 1154.3
after combining and averaging out don't be too surprised if I go net positive very, fast, fast, fast, fast.
Why?
Its quite likely that Gold has
(a) finished the entire correction from 2011 top or
(b) finished wave A down and we are in Wave B up which will rally for most or all of 2015
(c) rally to 4th wave extreme @ 1345 ONLY
In all 3 scenarios I'm totally in the green by a huge amount for (c), by a blasphemous amount if (b) - by an obscene amount in (a), which if it turns out to be (a) as the case, all that dough will just be added to Trading Capital which is already quite obscene because I have nothing to buy.