Assuming you mean myself. Where is your contribution to the thread? Where are your charts and analysis? So I've said close below 1988.. Let us see
Not only has the OP tried and miserably failed to pick a top in a bull market which has 0 fed funds rate and full FED support, but he's ALSO long gold as the dollar is rallying. THIS IS TOO FUNNY!
As much as i hate to say it, as this thread is a train wreck, but still thinking Gold will see 1354 for this swing. If 1240 gets taken out then that will be negated. A smidge nervous as of now but still thinking 1354 is in the cards. This down swing needed to hit 1256 before having a chance of going up, now that we have that i am still thinking 1354.
MagnaAdministrator Guys, If you want to post trades on a daily basis then please start a journal. Otherwise best to return this thread to the overall economics (causes, effects) of a Great Depression 2. Saturday at 11:35 PM
Some new fellas have shown up in the thread - WELCOME to all Note: Can't post trades in here anymore as per Admin. instructions, but will post the outcome on Gold at the bottom of a post, clearly marked - regardless
Great Depression 2: This thread confirms a few things for me: there are no really bearish stock market players and defo no bullish Gold players. And the number of people expecting anything even remotely resembling a Great Depression can be counted in 1 minute In both regards I stand alone on the other side. Even on the Internet its virtually impossible to find anyone bullish the latter. There are some doubters of the former but overall their underlying statements are, "the FED will keep it going up" So what do we have in terms of CROWD SENTIMENT? = readings soooooo extreme as to be 10 times more potent than Warren Buffett's advice = sell when everyone claims FREE=EASY money(stock market) and buy when there's blood in the streets (Gold). How to combine SENTIMENT with market timing? The latter is where there is the largest room for improvement. It will ALL work out for AfterLOS sooner or later as the Physical Universe has NO defense against the persistent man who is ready to bleed big if necessary for a shot at the title that will last for the rest of this lifetime - and beyond if I can overcome the forgetter mechanism after body death
Great Depression 2: the broadening top is sooooo huge, spanning 14 years that it surely does take time for a freight train of such debt=weight to reverse course With all the massive stuff the FED is doing along with super low interest rates and the so-called PPT how come the economy as visible on the ground from person to person, stinks to such an extent? For a real good whiff of the stink without having to leave ET, just go spend a week at the Politics forum. If the Dow Jones i.e. the ultimate gauge of when the Depression really gets underway in earnest, is still rising, how is it possible that ET's Politics Forum gives negativity a whole new plateau of meaning TODAY? Imagine the riots there once the Dow really does TOP and starts dropping 700+ in a day. Surely one must see that something is massively amiss = if this is a bullmarket from 2009 its gotta be the strangest one EVER as banks continue to close down, jobs are crappy, volume has been decreasing from 2009, and often increasing on downside and decreasing on rallies.
Read quote: Post #185 answers the fella who claimed I'm Short the Dollar - I've been LONG the dollar in real life and Short EurUsd in this thread with stance vs other currencies and continue to be so - Gold is my problem, not the dollar. If you think that one must go down while the other is going up, you have not looked at history - one can go sideways while the other goes up or down. $\Gold has only retraced 8% of the drop from 2001
Great Depression 2: The main beneficiaries during the 2008 CRASH were the Yen & US Dollar with the Yen leading But now I see the rising Dollar is not having much effect on the Dow Jones and the Yen is getting hammered by the former. So here is already a change in the lead horse. But what if the lead horse is someone other than USD? This has led me to believe that its gotta be GOLD & Silver as the beneficiaries for the Great Depression 2 while the stock markets plunge crushing the PPTs skulls in.