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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad -- Ignore unavailable to you. Want to Upgrade?


To: kirby49 who wrote (4116)2/2/2002 11:35:47 PM
From: Davy Crockett  Read Replies (2) | Respond to of 5144
 
Hi Bob,

I have more or less ceased my trading activity since the end of December. I am fully invested in the 'old yellow relic, will probably be for sometime to come. (depending, of course, on the charts - monthly or weekly. The daily & shorter times frames have become very difficult for me to trade the PM's successfully.)

It was a different trading environment when nobody wanted them... (PM's)

Just playing the trend thingie these days.

Unlike the last 3 or 4 years I am finding it very difficult to trade PM's. And I'm very worried that I might miss a parabolic move in the PM's.

Something has changed, not sure what, possibly currency related FWIW only. Who knows????

Regards,
Peter



To: kirby49 who wrote (4116)2/3/2002 2:46:37 PM
From: Canuck Dave  Respond to of 5144
 
I lost some taking profits on PAAS and GG.

Looked at the charts and said "No Way". Well, Way. Such is the life of a trader. You may miss a few percentage points on the way up, but you save a whole lot on the way down.

Who knows if gold is really going to break out or turn tail again. The forces that are keeping the price down (if you believe those theories), are getting weakened by credit crunches.

CD