Is the drop the last 2 days a buyable dip or the start of a huge drop?
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With Gold it`s definitely BUYABLE DIP!!!
I agree. BTFD, otherwise, you're a fucking idiot!
How's this for wish-washy?....
This one could easily go either way. My model tells me that I'm still long, but I could easily see this thing going down hard. It's been 5 years since our last recession, so we're due for one in the next couple of years.
They have only hinted at tapering and all asset classes have been going down hard. That tells you how much of ALL asset class prices are based purely on liquidity.
By the time they start talking dovish again, the global market may realize that QE and world wide easing is not a good foundation for asset prices.
This one could easily go either way. My model tells me that I'm still long, but I could easily see this thing going down hard. It's been 5 years since our last recession, so we're due for one in the next couple of years.
They have only hinted at tapering and all asset classes have been going down hard. That tells you how much of ALL asset class prices are based purely on liquidity.
By the time they start talking dovish again, the global market may realize that QE and world wide easing is not a good foundation for asset prices.
No reason to know now, wait for surprise, and join that side.
The question demonstrates precisely why most fail, they think they need to know, you don't.
The question demonstrates precisely why most fail, they think they need to know, you don't.
My prediction: Only the beginning.
Unfortunately our catalyst (bond buying) is gone. I think though that when shorts take some profits we will see a false hope up day. Which I personally would sell into. Maybe tomorrow.