I was told you cant trade shorts from IRA account types. Yet, they “let” you trade stocks. The man, always getting in your way with his hosed-up rule. Go for a self-directed out of PENSCO. At least that lets you have some options outside of the stock market. What a scam corporate 401K’s were for wall street! Made a huge differece in the brokerage business.
I would be careful about the gold trades. It’s starting to look like the next bubble. Although I think there may be a liguidation sell-off yet to come this month. I would be buying more at that time. The stock markets lack of resistance at support levels is indicating real strong capitulation. When Creamer and Jubak say to sell, I think that’s about it for this market. Look how moderate the coordinated rate cut is getting…
