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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (25064)	12/1/2009 10:37:04 AM
From: ayn rand	Read Replies (1) \| Respond to of 71405

put stops in, gold may rally a little bit more before pulling back to 1100

To: Real Man who wrote (25064)	12/1/2009 1:00:22 PM
From: carranza2	3 Recommendations Read Replies (1) \| Respond to of 71405

The dark art of selling is, for me, the most difficult to master. Picking trends and stocks for me is not exceptionally difficult, but selling at an opportune time is challenging. In my opinion, the most useful exercise anyone can undertake is to review past trading in order to see where there is room for improvement. In my case, I have found that I spook a bit too easily when I have unrealized profits even when I am certain that an upward direction will continue. My strategy, therefore, for this leg of the metal orgy, is to hold on, not sell early, take the inevitable bumps on the road with equanimity for the next 2-3 years, then sell. Unless, of course, Bernanke raises interest rates, which will absolutely, positively end the gold and silver bubble. The prospects of that happening are presently next to nil.

To: Real Man who wrote (25064)	12/1/2009 4:46:27 PM
From: axial	5 Recommendations Read Replies (2) \| Respond to of 71405

Don't really understand this market, or maybe I do. Don't trust it. Too many crowded trades with big, fully-hedged players using OPM. HFT isn't everything in the volume picture for the last 8 months, but it's a lot. Subtract HFT volume and the pool's full of sharks. They'll eat what they kill, and who wants to be shark bait? The market doesn't match the economy: that's monetary policy, stimulus, carry trade, fiat money, derivatives all rolled up into a fantasy of economics and finance. Who knows how it will come out? They made their big play and averted a crash. Now the're stuck where they are. If interest rates rise, look out. If they don't, look out. If the economy improves, hyperinflation danger; if it doesn't deflation danger. Sometime in the next year, maybe that "trigger" gets pulled: somewhere like Japan or the UK. Dubai wasn't big enough, but something will be. Systemic risk? Still there. "Reforms"? Not good enough. Misallocation of capital, outside the economic virtuous circle? Huge. Off-book losses? Still not reconciled. Taxpayers? Being stiffed. Currencies? My grandfather used to call it "pissing in the soup". Eventually there has to be an accounting. 2010 will be interesting. Jim