The QTR A down is at 90.50. This is what I was referring to yesterday in my posts. Don't get caught up in absolute levels. I was watching oil at the A down and was looking to put on a position but I did NOT like the way it was acting there. Whether or not it was .20 above the A down or .20 below makes no difference, it simply was not acting well. The number line is fine, it's just choppy. But there really is no compelling reason to get long here.
Mav can you explain what your trying to point out with this chart? Sorry if I missed the point from earlier in the thread.
What this was trying to show was the return of various products along with the volatility you had to withstand to earn that return. It was showing that some of the biggest returns actually had the lowest volatility and many products with flat to negative returns actually had the highest vol. So Gold for example not only had a horrible year but insane swings. Yet the Dow and the S&P had phenomenal years and almost ZERO vol.
good point I don't think Calpers will be buying bitcoin just yet, Mav how long ago is "back in the day"?
You could probably go with this momentum, my day is -6 so the wind is at your back but my 30 day is still near 0. My choice would be to fade a weekly A up.
It's pretty far back King. Although I still remember the guys who use to call me at 9am Sunday Mornings screaming at me on the phone to bet on the action. If you guys want to hear a good scam, let me know. I have some stories of how these Vegas guys worked. Makes boiler room brokers look legit.
You gold bugs had better sell your gold ASAP @ $1225 Only reason why there was a pop first 2 days of the year was because of fund buying due to increase in % weighting of gold of certain commodity benchmarks. Don't be fooled. One day when you wake up it could drop $50+ overnight in Asia in the blink of an eye... Gold has certainly not formed a bottom; recent past few months price action is not consistent with a bottom. Looking for $1100, if not lower within 1-2 mths. Gold is an excellent long term buy - but not at current prices.