Denner's basically useless, try reviewing his posting history and try to find some trading content anywhere. Best I can tell he's a gold bug hoping the economies will go real bad and gold goes higher. I worked with some of those types in the 1990s, they can only see one sector and philosophy. Many of them had a rough time in the 1990s adjusting to the fact metal stocks had their run and it was over for the rest of the decade.
Harry Dent says huge bear market coming in 2012....by March, I believe was his time frame for the start. Till then, sideways or even up. Some say one more short covering "melt up" before the 2012 armagheddon. That makes sense....typical "head fake".
Where do you see gold going in the next couple of months? I have been trading it and was doing quite well, however this collapse in price today caught me by surprise. I managed narrowly to save my butt and minimized my losses while lowering my average purchase price to $1605 while losing only about $150 for the day on my rather tiny trading account. I think the Europe panic is overdone and that's what's effecting gold prices right now. I see it heading back up to about 1850 by March. I am not a gold bug. I don't believe in this massive prices that gold bugs are hoping for, but I do enjoy trading gold. Furthermore, if Europe is heading into a deflationary recession/depression, this is very bearish for gold prices.
"track record on this site". We all remember very well your hysterical cries to erase your entire posting history a few short months ago ALONG with your legal threats. Sorry, but you "shit the bed" so to speak a long, long time ago. You'd have been better served to simply disappear like you've promised to do umpteen times. The fact that you continue to return only proves that you are both a drama queen and an attention whore. More to the point, you've been "called out" by an assortment of individuals on this site for your constant "doubletalk" and convenient "amnesia" when it comes to your failed calls. If it were just me nailing you to the wall, that would be one thing. But I've got alot of company in calling a spade a spade.
STFU dude... you are talking about nothing. stop trying to validate your intellegence(or lack there of) and start talking numbers. Can't wait to eat your lunch CalBears in town. Holla
who cares man...its non-substantiated crying. we have umpteen indicators for a depression... wtf is he talking about with the economy calming down? is he looking at the same things we are? SP goes to 1240 by xmas then economy collapses by march next year.
Barring some miraculous outcome in Europe, only a brainless farm animal would be bullish in this environment.
Careful. Have you considered a European bank failure possibility ? Whew, it's not out of the question and that would make Harry Dent a genius. Guys - these worldwide economies are not really recovering....and that is a requirement to keep these heavily indebted banks in business. Their loan collateral continues to plummet.
So i'll see you in Brazil or Singapore in 2013? i'm leaning towards moving to Brazil, but Singapore is safer. I'm young and like hot women so i'll risk it. Time to clean up next yr. hedge with naked shorts and copper, and short the shit out of the market.