chuz, I sense hostility? No not building a bomb shelter LOL!!! Good grief Chuz, I think you've followed enough of my posts on Strictly that you should know I was long this mkt until about a month ago. Risk/reward has just shifted IMO. I see economic problems ahead, nt a nuclear war. You guys have me painted as some kind of end of the worlder? come on. if economic problems don't happen... great. I'm invested elsewhere where the risk/reward ratio is more in my favor. My $$ will return here, when that ratio shifts back into my favor. afterall we're here ot make money, not just always be invested in the US mkt. Everybody sells eventually.
BTW-- somebody made a conflict about Fleck being wrong for the last 3 yrs and what a loser he was?? His gen mkt stance was wrong, but he made a killing shorting technolgy stocks here in the US and going long elsewhere in the world. THE US EQUITIES MKT IS NOT THE ONLY PLACE TO INVEST !!!, guys. Open your mind.
BTW- since you asked about Gold, I'd take this opportunity to buy the XAU. I'd compare it to buying NE at $5 about 3 yrs ago. Of course, you probably would have called me crazy for buying them then, afterall they weren't RED HOT and everybody on the street didn't love them then. Think about supply and demand, and then think about gold. A new mine has opened in 10 yrs. Supply has been shrinking while demand has increased as Indian citizens can now buy gold for jewelry, etc. the EU looks to have a substantial gold backing of the EURO, so I make money on a slight appreciation and if inflation and Mr. Bear do arrive in the US, gold will soar, and I will make a killing. either way, I win. That's why you buy low and sell high. Sounds pretty obvious and stupid, but you'd be amazed at how many people ignore this simple rule. How 'bout you?
How are your drillers. I noticed they're all getting hammered today. |
