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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (5484)	1/24/2009 11:41:22 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 103300

Okay, I see... I have no "take profit target," I pay attention the the market itself and it gives me indications of topping or bottoming... I have my own market timing devices and indicators, so I don't have to guess and pick some meaningless arbitrary price or time frame to sell... I could hold a position for a few days to a few years, depending on the market itself... for gold, I think this market is only first beginning to run, I think, depending on the economic climate in 8 months to 28 months, gold could reach 1400 to 6000 per ounce, depending on what happens economically and politically... and maybe not... the economy could right itself and gold could subside, but that's not the case right now... all this added liquidity will eventually stimulate the economy, but the excess liquidity will not be drained so quickly... this will cause runaway inflation... Crude oil could easily see $75 bbl again, and very possibly triple digits, probably before this year is out... the top of the crude oil market next time around could be $180 bbl, according to one of my models... the time frame for this is within two years... I'm also long most of the commodity markets, if you watch the CRB Index, that has also bottomed... I shorted the bond market last December and took some heat while the market went sideways, but now I think this short position will do well... the bond market has likely reached the top of a 27 year cycle, the trend for the next 10 years or so is toward higher rates... GZ