Ideas for short-term trades? Where are markets headed?

[stockstradr]

Regarding buying physical gold…obviously the smart money inside and outside this forum is bullish on gold LONG-TERM; however, early on in this forum at least two separate “camps” emerged as to WHEN it is best to start placing long bets in anticipation of the BIG move in gold pricing.

One camp decided to buy gold early and hold looking for that big move. I recall that over six months ago some in that camp were already buying significant amounts of gold (and holding it). And in some cases they paid $900 or more per ounce.

A second camp believed that at least for the short-term (read: during the emerging chaos of the financial crisis into the deflationary pressures of the recession, prior to the dollar collapsing) gold would be somewhat unpredictable on pricing (and yet still trade within a narrow band).

The second camp also believed that those same short-term market forces would create far more lucrative opportunities for making money in other areas such as the incredible index volatility offering one-in-lifetime chance to make big money on futures, options on the indexes. Also we had the anticipated crash in oil prices that could be shorted. Not that the second camp wasn’t willing to make some money on quick in/out trades on gold, but the second camp wasn’t YET ready to buy and HOLD gold looking for the BIG move in gold.

Now I claim that thus far the second camp has been proven right, and some of us in the second camp have made really good money by staying out of gold and instead trading the incredible volatility the stocks markets have offered.

Now the Million Dollar Question is WHEN will gold start its anticipated ascent to stratospheric heights?

I don’t really know..but I’m starting to get the instinct that now is time to JUMP into gold at the next entry point ($710/ounce ?) and finally at last buy to hold it long; otherwise, I might just miss out on that big move.

[peterb]

All investments are relative. Gold, compared to everything but the US$, has done quite well since the Oct drop. I think it’s hitting its all time high in most other currencies right now. But keep in mind that gold did not go up in price from 1929 to 1932. It held it, though. And that was huge enough at the time. Then FDR set the price at 35 and made took it from individuals. So it’s got a good track record in market melt-downs of holding its value while others collapse. But you could hold US$, too. But eveyone feels like that’s eventually doomed. So buy gold every month or so as you go….

[peterb]

All investments are relative. Gold, compared to everything but the US$, has done quite well since the Oct drop. I think it’s hitting its all time high in most other currencies right now. But keep in mind that gold did not go up in price from 1929 to 1932. It held it, though. And that was huge enough at the time. Then FDR set the price at 35 and made took it from individuals. So it’s got a good track record in market melt-downs of holding its value while others collapse. But you could hold US$, too. But eveyone feels like that’s eventually doomed. So buy gold every month or so as you go….

[peterb]

All investments are relative. Gold, compared to everything but the US$, has done quite well since the Oct drop. I think it’s hitting its all time high in most other currencies right now. But keep in mind that gold did not go up in price from 1929 to 1932. It held it, though. And that was huge enough at the time. Then FDR set the price at 35 and made took it from individuals. So it’s got a good track record in market melt-downs of holding its value while others collapse. But you could hold US$, too. But eveyone feels like that’s eventually doomed. So buy gold every month or so as you go….

[peterb]

All investments are relative. Gold, compared to everything but the US$, has done quite well since the Oct drop. I think it’s hitting its all time high in most other currencies right now. But keep in mind that gold did not go up in price from 1929 to 1932. It held it, though. And that was huge enough at the time. Then FDR set the price at 35 and made took it from individuals. So it’s got a good track record in market melt-downs of holding its value while others collapse. But you could hold US$, too. But eveyone feels like that’s eventually doomed. So buy gold every month or so as you go….

[peterb]

All investments are relative. Gold, compared to everything but the US$, has done quite well since the Oct drop. I think it’s hitting its all time high in most other currencies right now. But keep in mind that gold did not go up in price from 1929 to 1932. It held it, though. And that was huge enough at the time. Then FDR set the price at 35 and made took it from individuals. So it’s got a good track record in market melt-downs of holding its value while others collapse. But you could hold US$, too. But eveyone feels like that’s eventually doomed. So buy gold every month or so as you go….

[Chris Scoreboard Johnston]

Great exchange, there are some really good thinkers in here nowadays. Stocktrader, those are great returns, congrats on the good work. I am a little concerned that you are over leveraging there, so be careful.

When I went to type my full array of thoughts for a post, it got too long and annoying so I deleted it.

Net net, I think we are in an extended delationary period that just began and has a ways to go. As a result I don’t think any asset that requires inflation to rise will be a good investment until this situation changes. The COT report continues to show massive liquidations going on, so I don’t expect this to change any time soon.

I expect the dollar to rise for quite awhile due to the 16 yr cycle low it just made earlier this year right on schedule. It will have wiggles but the net direction should be up for several years. I am currently looking for a pullback to get aggressively long in the dollar. Just technical analysis, I do not use my opinions on world economics to determine my views on things.

I could be wrong, that is what stops are for!!!!

Good luck and good trading to everyone

[Chris Scoreboard Johnston]

Great exchange, there are some really good thinkers in here nowadays. Stocktrader, those are great returns, congrats on the good work. I am a little concerned that you are over leveraging there, so be careful.

When I went to type my full array of thoughts for a post, it got too long and annoying so I deleted it.

Net net, I think we are in an extended delationary period that just began and has a ways to go. As a result I don’t think any asset that requires inflation to rise will be a good investment until this situation changes. The COT report continues to show massive liquidations going on, so I don’t expect this to change any time soon.

I expect the dollar to rise for quite awhile due to the 16 yr cycle low it just made earlier this year right on schedule. It will have wiggles but the net direction should be up for several years. I am currently looking for a pullback to get aggressively long in the dollar. Just technical analysis, I do not use my opinions on world economics to determine my views on things.

I could be wrong, that is what stops are for!!!!

Good luck and good trading to everyone

[Chris Scoreboard Johnston]

Great exchange, there are some really good thinkers in here nowadays. Stocktrader, those are great returns, congrats on the good work. I am a little concerned that you are over leveraging there, so be careful.

When I went to type my full array of thoughts for a post, it got too long and annoying so I deleted it.

Net net, I think we are in an extended delationary period that just began and has a ways to go. As a result I don’t think any asset that requires inflation to rise will be a good investment until this situation changes. The COT report continues to show massive liquidations going on, so I don’t expect this to change any time soon.

I expect the dollar to rise for quite awhile due to the 16 yr cycle low it just made earlier this year right on schedule. It will have wiggles but the net direction should be up for several years. I am currently looking for a pullback to get aggressively long in the dollar. Just technical analysis, I do not use my opinions on world economics to determine my views on things.

I could be wrong, that is what stops are for!!!!

Good luck and good trading to everyone

[Chris Scoreboard Johnston]

Great exchange, there are some really good thinkers in here nowadays. Stocktrader, those are great returns, congrats on the good work. I am a little concerned that you are over leveraging there, so be careful.

When I went to type my full array of thoughts for a post, it got too long and annoying so I deleted it.

Net net, I think we are in an extended delationary period that just began and has a ways to go. As a result I don’t think any asset that requires inflation to rise will be a good investment until this situation changes. The COT report continues to show massive liquidations going on, so I don’t expect this to change any time soon.

I expect the dollar to rise for quite awhile due to the 16 yr cycle low it just made earlier this year right on schedule. It will have wiggles but the net direction should be up for several years. I am currently looking for a pullback to get aggressively long in the dollar. Just technical analysis, I do not use my opinions on world economics to determine my views on things.

I could be wrong, that is what stops are for!!!!

Good luck and good trading to everyone

[Chris Scoreboard Johnston]

Great exchange, there are some really good thinkers in here nowadays. Stocktrader, those are great returns, congrats on the good work. I am a little concerned that you are over leveraging there, so be careful.

When I went to type my full array of thoughts for a post, it got too long and annoying so I deleted it.

Net net, I think we are in an extended delationary period that just began and has a ways to go. As a result I don’t think any asset that requires inflation to rise will be a good investment until this situation changes. The COT report continues to show massive liquidations going on, so I don’t expect this to change any time soon.

I expect the dollar to rise for quite awhile due to the 16 yr cycle low it just made earlier this year right on schedule. It will have wiggles but the net direction should be up for several years. I am currently looking for a pullback to get aggressively long in the dollar. Just technical analysis, I do not use my opinions on world economics to determine my views on things.

I could be wrong, that is what stops are for!!!!

Good luck and good trading to everyone

[peterb]

For anyone interested in a currency analysis, Jack Crooks just published a very interesting article. It makes a lot of sense to me, as I agree with him. But I see in the real world what he’s saying and it follows a historical pattern as well. It’s a quick read and I think all those interested could learn from it.

http://www.howestreet.com/articles_as_pdf/2008Dec020919bsccc120208.pdf

[peterb]

For anyone interested in a currency analysis, Jack Crooks just published a very interesting article. It makes a lot of sense to me, as I agree with him. But I see in the real world what he’s saying and it follows a historical pattern as well. It’s a quick read and I think all those interested could learn from it.

http://www.howestreet.com/articles_as_pdf/2008Dec020919bsccc120208.pdf

[peterb]

For anyone interested in a currency analysis, Jack Crooks just published a very interesting article. It makes a lot of sense to me, as I agree with him. But I see in the real world what he’s saying and it follows a historical pattern as well. It’s a quick read and I think all those interested could learn from it.

http://www.howestreet.com/articles_as_pdf/2008Dec020919bsccc120208.pdf

[peterb]

For anyone interested in a currency analysis, Jack Crooks just published a very interesting article. It makes a lot of sense to me, as I agree with him. But I see in the real world what he’s saying and it follows a historical pattern as well. It’s a quick read and I think all those interested could learn from it.

http://www.howestreet.com/articles_as_pdf/2008Dec020919bsccc120208.pdf

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