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Chris Scoreboard Johnston
ParticipantMy extensive research into the relationship between gold prices and financial crises shows no relationship but a very strong one between gold prices and inflation. I devoted a whole issue of my newsletter two years ago to this topic.
For those of you that read in here and do not do your own research, please be careful with these types of comments, they are inaccurate. It may happen by coincidence that they relate going forward, but there is no consistent historical basis for this assertion.
The gold and metals trade is very crowded right now, nary a person out there except me and a few much more accomplished traders than I am have been looking at the short side of gold. Markets top when everyone has already bought, and in my view, everyone has already bought metals. Even Joyce Brothers is on the radio hawking gold! Gold was free falling until the PPT showed up yesterday to reverse it and a few other things.
ParticipantMy extensive research into the relationship between gold prices and financial crises shows no relationship but a very strong one between gold prices and inflation. I devoted a whole issue of my newsletter two years ago to this topic.
For those of you that read in here and do not do your own research, please be careful with these types of comments, they are inaccurate. It may happen by coincidence that they relate going forward, but there is no consistent historical basis for this assertion.
The gold and metals trade is very crowded right now, nary a person out there except me and a few much more accomplished traders than I am have been looking at the short side of gold. Markets top when everyone has already bought, and in my view, everyone has already bought metals. Even Joyce Brothers is on the radio hawking gold! Gold was free falling until the PPT showed up yesterday to reverse it and a few other things.
ParticipantMy extensive research into the relationship between gold prices and financial crises shows no relationship but a very strong one between gold prices and inflation. I devoted a whole issue of my newsletter two years ago to this topic.
For those of you that read in here and do not do your own research, please be careful with these types of comments, they are inaccurate. It may happen by coincidence that they relate going forward, but there is no consistent historical basis for this assertion.
The gold and metals trade is very crowded right now, nary a person out there except me and a few much more accomplished traders than I am have been looking at the short side of gold. Markets top when everyone has already bought, and in my view, everyone has already bought metals. Even Joyce Brothers is on the radio hawking gold! Gold was free falling until the PPT showed up yesterday to reverse it and a few other things.
ParticipantMy extensive research into the relationship between gold prices and financial crises shows no relationship but a very strong one between gold prices and inflation. I devoted a whole issue of my newsletter two years ago to this topic.
For those of you that read in here and do not do your own research, please be careful with these types of comments, they are inaccurate. It may happen by coincidence that they relate going forward, but there is no consistent historical basis for this assertion.
The gold and metals trade is very crowded right now, nary a person out there except me and a few much more accomplished traders than I am have been looking at the short side of gold. Markets top when everyone has already bought, and in my view, everyone has already bought metals. Even Joyce Brothers is on the radio hawking gold! Gold was free falling until the PPT showed up yesterday to reverse it and a few other things.
ParticipantAfter the largest single day upmove in price in history, the rates out to be a helluva lot lower tomorrow, 8 full points in 15 minutes. For those of you who do not trade what happened today is impossible to overexaggerate how big of a move that is, beyond belief. In the old days the daily maximum limit used to be 2 points and was rarely ever hit. 8 points in a year would be a great year trading bonds, 15 minutes is insane.
Lenders might be in shock and may wait to see if that sticks, they did settle down some off the highs.
ParticipantAfter the largest single day upmove in price in history, the rates out to be a helluva lot lower tomorrow, 8 full points in 15 minutes. For those of you who do not trade what happened today is impossible to overexaggerate how big of a move that is, beyond belief. In the old days the daily maximum limit used to be 2 points and was rarely ever hit. 8 points in a year would be a great year trading bonds, 15 minutes is insane.
Lenders might be in shock and may wait to see if that sticks, they did settle down some off the highs.
ParticipantAfter the largest single day upmove in price in history, the rates out to be a helluva lot lower tomorrow, 8 full points in 15 minutes. For those of you who do not trade what happened today is impossible to overexaggerate how big of a move that is, beyond belief. In the old days the daily maximum limit used to be 2 points and was rarely ever hit. 8 points in a year would be a great year trading bonds, 15 minutes is insane.
Lenders might be in shock and may wait to see if that sticks, they did settle down some off the highs.
ParticipantAfter the largest single day upmove in price in history, the rates out to be a helluva lot lower tomorrow, 8 full points in 15 minutes. For those of you who do not trade what happened today is impossible to overexaggerate how big of a move that is, beyond belief. In the old days the daily maximum limit used to be 2 points and was rarely ever hit. 8 points in a year would be a great year trading bonds, 15 minutes is insane.
Lenders might be in shock and may wait to see if that sticks, they did settle down some off the highs.
ParticipantAfter the largest single day upmove in price in history, the rates out to be a helluva lot lower tomorrow, 8 full points in 15 minutes. For those of you who do not trade what happened today is impossible to overexaggerate how big of a move that is, beyond belief. In the old days the daily maximum limit used to be 2 points and was rarely ever hit. 8 points in a year would be a great year trading bonds, 15 minutes is insane.
Lenders might be in shock and may wait to see if that sticks, they did settle down some off the highs.
ParticipantAgree with TG completely, fading peoples views like the post originator, is how I have acquired the wealth that I have. It is also why I am in this blog, to get the consensus view and do the opposite in most cases. Someone like that will always buy the high and sell the low sadly. It is how most people are wired unfortunately. It is also why most people are not wealthy, they are more comfortable with the herd. This sounds harsh, and it is not meant to be, it is simply the truth. I learned a long time ago to break from the herd and it has served me well.
I do not believe we are at the exact low but we are certainly in a zone where values make alot more sense, and there are bargains to be had.
If you are looking to day trade the house you buy for a gain, don’t ever buy one as long as you live. Having such a short time horizon on value with an illiquid asset is never going to lead to a good decision.
Good post TG!
ParticipantAgree with TG completely, fading peoples views like the post originator, is how I have acquired the wealth that I have. It is also why I am in this blog, to get the consensus view and do the opposite in most cases. Someone like that will always buy the high and sell the low sadly. It is how most people are wired unfortunately. It is also why most people are not wealthy, they are more comfortable with the herd. This sounds harsh, and it is not meant to be, it is simply the truth. I learned a long time ago to break from the herd and it has served me well.
I do not believe we are at the exact low but we are certainly in a zone where values make alot more sense, and there are bargains to be had.
If you are looking to day trade the house you buy for a gain, don’t ever buy one as long as you live. Having such a short time horizon on value with an illiquid asset is never going to lead to a good decision.
Good post TG!
ParticipantAgree with TG completely, fading peoples views like the post originator, is how I have acquired the wealth that I have. It is also why I am in this blog, to get the consensus view and do the opposite in most cases. Someone like that will always buy the high and sell the low sadly. It is how most people are wired unfortunately. It is also why most people are not wealthy, they are more comfortable with the herd. This sounds harsh, and it is not meant to be, it is simply the truth. I learned a long time ago to break from the herd and it has served me well.
I do not believe we are at the exact low but we are certainly in a zone where values make alot more sense, and there are bargains to be had.
If you are looking to day trade the house you buy for a gain, don’t ever buy one as long as you live. Having such a short time horizon on value with an illiquid asset is never going to lead to a good decision.
Good post TG!
ParticipantAgree with TG completely, fading peoples views like the post originator, is how I have acquired the wealth that I have. It is also why I am in this blog, to get the consensus view and do the opposite in most cases. Someone like that will always buy the high and sell the low sadly. It is how most people are wired unfortunately. It is also why most people are not wealthy, they are more comfortable with the herd. This sounds harsh, and it is not meant to be, it is simply the truth. I learned a long time ago to break from the herd and it has served me well.
I do not believe we are at the exact low but we are certainly in a zone where values make alot more sense, and there are bargains to be had.
If you are looking to day trade the house you buy for a gain, don’t ever buy one as long as you live. Having such a short time horizon on value with an illiquid asset is never going to lead to a good decision.
Good post TG!
ParticipantAgree with TG completely, fading peoples views like the post originator, is how I have acquired the wealth that I have. It is also why I am in this blog, to get the consensus view and do the opposite in most cases. Someone like that will always buy the high and sell the low sadly. It is how most people are wired unfortunately. It is also why most people are not wealthy, they are more comfortable with the herd. This sounds harsh, and it is not meant to be, it is simply the truth. I learned a long time ago to break from the herd and it has served me well.
I do not believe we are at the exact low but we are certainly in a zone where values make alot more sense, and there are bargains to be had.
If you are looking to day trade the house you buy for a gain, don’t ever buy one as long as you live. Having such a short time horizon on value with an illiquid asset is never going to lead to a good decision.
Good post TG!
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