[stockstradr]

Betting with gold against a fiat currency in the hands of politicians is the biggest no-brainer on the planet! Whee! This investing stuff is easy!

I absolutely agree with that.

Now, someone wrote that if the bail out FAILS tomorrow, then gold will RISE. You think so, eh? You coul be right but recent evidence suggests NOT.

Many expected a flight to gold on Sept 29th, the first time the Senate FAILED to pass the bail out.

Apparently you have NOT looked at the gold charts for Sept 29 -> 30, to see what actually happened.

Gold did NOT rise in response to bail out failing in the Senate.

I think the only way gold rises against accelarating deflationary pressures is IF we have real signs of total financial meltdown (beyond what we’ve already seen) and that scares everyone so deeply they run to gold.

[stockstradr]

Betting with gold against a fiat currency in the hands of politicians is the biggest no-brainer on the planet! Whee! This investing stuff is easy!

I absolutely agree with that.

Now, someone wrote that if the bail out FAILS tomorrow, then gold will RISE. You think so, eh? You coul be right but recent evidence suggests NOT.

Many expected a flight to gold on Sept 29th, the first time the Senate FAILED to pass the bail out.

Apparently you have NOT looked at the gold charts for Sept 29 -> 30, to see what actually happened.

Gold did NOT rise in response to bail out failing in the Senate.

I think the only way gold rises against accelarating deflationary pressures is IF we have real signs of total financial meltdown (beyond what we’ve already seen) and that scares everyone so deeply they run to gold.

[stockstradr]

Betting with gold against a fiat currency in the hands of politicians is the biggest no-brainer on the planet! Whee! This investing stuff is easy!

I absolutely agree with that.

Now, someone wrote that if the bail out FAILS tomorrow, then gold will RISE. You think so, eh? You coul be right but recent evidence suggests NOT.

Many expected a flight to gold on Sept 29th, the first time the Senate FAILED to pass the bail out.

Apparently you have NOT looked at the gold charts for Sept 29 -> 30, to see what actually happened.

Gold did NOT rise in response to bail out failing in the Senate.

I think the only way gold rises against accelarating deflationary pressures is IF we have real signs of total financial meltdown (beyond what we’ve already seen) and that scares everyone so deeply they run to gold.

[stockstradr]

This is a very tricky question, one I’ll admit I’m guessing on.

Let’s reflect on guesses that DID work.

Roubini guessed weeks ago that deepening recession will be deflationary and gold will NOT escape downward pricing pressure on commodities.

Also, many good articles (again see Roubini’s website) have been written that the Worlds central banks are supporting the dollar. Gold is kinda the enemy of the dollar, because if gold starts rising and people start dumping dollars then momentum can build against the dollar and for gold. So bankers don’t want higher gold prices. Central banks may be conspiring against gold.

India’s demand for gold fell 70% last month. There are other similar stories. Demand (for jewelry..etc) for gold is falling faster than speculative demand may be rising. However, (GoldTrackes “GLD”) shows increasing demand from investors, no question about that.

Now, recently AS EXPECTED gold has fallen as this recession gets uglier CONFIRMING some of the above

The only thing that could reverse that would be TOTAL CHAOS beyond the levels already seen. I’m guessing that won’t happen.

So HOLD COURSE on keeping my gold holdings to a MINIMUM (currently 25%) and watch for the bottom in gold prices, then LOAD UP ON GOLD at teh bottom of the recession. GUESSING now I think we are going below $800. Will we go below last resitance level of $750/ounce? I have no idea!

[stockstradr]

This is a very tricky question, one I’ll admit I’m guessing on.

Let’s reflect on guesses that DID work.

Roubini guessed weeks ago that deepening recession will be deflationary and gold will NOT escape downward pricing pressure on commodities.

Also, many good articles (again see Roubini’s website) have been written that the Worlds central banks are supporting the dollar. Gold is kinda the enemy of the dollar, because if gold starts rising and people start dumping dollars then momentum can build against the dollar and for gold. So bankers don’t want higher gold prices. Central banks may be conspiring against gold.

India’s demand for gold fell 70% last month. There are other similar stories. Demand (for jewelry..etc) for gold is falling faster than speculative demand may be rising. However, (GoldTrackes “GLD”) shows increasing demand from investors, no question about that.

Now, recently AS EXPECTED gold has fallen as this recession gets uglier CONFIRMING some of the above

The only thing that could reverse that would be TOTAL CHAOS beyond the levels already seen. I’m guessing that won’t happen.

So HOLD COURSE on keeping my gold holdings to a MINIMUM (currently 25%) and watch for the bottom in gold prices, then LOAD UP ON GOLD at teh bottom of the recession. GUESSING now I think we are going below $800. Will we go below last resitance level of $750/ounce? I have no idea!

[stockstradr]

This is a very tricky question, one I’ll admit I’m guessing on.

Let’s reflect on guesses that DID work.

Roubini guessed weeks ago that deepening recession will be deflationary and gold will NOT escape downward pricing pressure on commodities.

Also, many good articles (again see Roubini’s website) have been written that the Worlds central banks are supporting the dollar. Gold is kinda the enemy of the dollar, because if gold starts rising and people start dumping dollars then momentum can build against the dollar and for gold. So bankers don’t want higher gold prices. Central banks may be conspiring against gold.

India’s demand for gold fell 70% last month. There are other similar stories. Demand (for jewelry..etc) for gold is falling faster than speculative demand may be rising. However, (GoldTrackes “GLD”) shows increasing demand from investors, no question about that.

Now, recently AS EXPECTED gold has fallen as this recession gets uglier CONFIRMING some of the above

The only thing that could reverse that would be TOTAL CHAOS beyond the levels already seen. I’m guessing that won’t happen.

So HOLD COURSE on keeping my gold holdings to a MINIMUM (currently 25%) and watch for the bottom in gold prices, then LOAD UP ON GOLD at teh bottom of the recession. GUESSING now I think we are going below $800. Will we go below last resitance level of $750/ounce? I have no idea!

[stockstradr]

This is a very tricky question, one I’ll admit I’m guessing on.

Let’s reflect on guesses that DID work.

Roubini guessed weeks ago that deepening recession will be deflationary and gold will NOT escape downward pricing pressure on commodities.

Also, many good articles (again see Roubini’s website) have been written that the Worlds central banks are supporting the dollar. Gold is kinda the enemy of the dollar, because if gold starts rising and people start dumping dollars then momentum can build against the dollar and for gold. So bankers don’t want higher gold prices. Central banks may be conspiring against gold.

India’s demand for gold fell 70% last month. There are other similar stories. Demand (for jewelry..etc) for gold is falling faster than speculative demand may be rising. However, (GoldTrackes “GLD”) shows increasing demand from investors, no question about that.

Now, recently AS EXPECTED gold has fallen as this recession gets uglier CONFIRMING some of the above

The only thing that could reverse that would be TOTAL CHAOS beyond the levels already seen. I’m guessing that won’t happen.

So HOLD COURSE on keeping my gold holdings to a MINIMUM (currently 25%) and watch for the bottom in gold prices, then LOAD UP ON GOLD at teh bottom of the recession. GUESSING now I think we are going below $800. Will we go below last resitance level of $750/ounce? I have no idea!

[stockstradr]

This is a very tricky question, one I’ll admit I’m guessing on.

Let’s reflect on guesses that DID work.

Roubini guessed weeks ago that deepening recession will be deflationary and gold will NOT escape downward pricing pressure on commodities.

Also, many good articles (again see Roubini’s website) have been written that the Worlds central banks are supporting the dollar. Gold is kinda the enemy of the dollar, because if gold starts rising and people start dumping dollars then momentum can build against the dollar and for gold. So bankers don’t want higher gold prices. Central banks may be conspiring against gold.

India’s demand for gold fell 70% last month. There are other similar stories. Demand (for jewelry..etc) for gold is falling faster than speculative demand may be rising. However, (GoldTrackes “GLD”) shows increasing demand from investors, no question about that.

Now, recently AS EXPECTED gold has fallen as this recession gets uglier CONFIRMING some of the above

The only thing that could reverse that would be TOTAL CHAOS beyond the levels already seen. I’m guessing that won’t happen.

So HOLD COURSE on keeping my gold holdings to a MINIMUM (currently 25%) and watch for the bottom in gold prices, then LOAD UP ON GOLD at teh bottom of the recession. GUESSING now I think we are going below $800. Will we go below last resitance level of $750/ounce? I have no idea!

[stockstradr]

This morning with markets down 3%, I went 2X LONG, buying the Ultra ProShares on S&P500 and NASDAQ, with 1/3 of my portfolio.

So far, I’m losing money on that bet as markets continue to trend down.

I’m hoping for a Fed rate cut and a House vote YES on the bail out…sending the markets up in Fool’s Rally

[stockstradr]

This morning with markets down 3%, I went 2X LONG, buying the Ultra ProShares on S&P500 and NASDAQ, with 1/3 of my portfolio.

So far, I’m losing money on that bet as markets continue to trend down.

I’m hoping for a Fed rate cut and a House vote YES on the bail out…sending the markets up in Fool’s Rally

[stockstradr]

This morning with markets down 3%, I went 2X LONG, buying the Ultra ProShares on S&P500 and NASDAQ, with 1/3 of my portfolio.

So far, I’m losing money on that bet as markets continue to trend down.

I’m hoping for a Fed rate cut and a House vote YES on the bail out…sending the markets up in Fool’s Rally

[stockstradr]

This morning with markets down 3%, I went 2X LONG, buying the Ultra ProShares on S&P500 and NASDAQ, with 1/3 of my portfolio.

So far, I’m losing money on that bet as markets continue to trend down.

I’m hoping for a Fed rate cut and a House vote YES on the bail out…sending the markets up in Fool’s Rally

[stockstradr]

This morning with markets down 3%, I went 2X LONG, buying the Ultra ProShares on S&P500 and NASDAQ, with 1/3 of my portfolio.

So far, I’m losing money on that bet as markets continue to trend down.

I’m hoping for a Fed rate cut and a House vote YES on the bail out…sending the markets up in Fool’s Rally

[stockstradr]

YES on James Brown as being the greatest!

You GOTTA love him in this bizarre interview. He’s somehow crazy in a profound way:

[stockstradr]

YES on James Brown as being the greatest!

You GOTTA love him in this bizarre interview. He’s somehow crazy in a profound way:

[Author]

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