Hello all
Well we got jack out of the political arena so we closed out our positions maybe a little early but a profit is a profits.
Also on the euro I jumped in again a little early but we shall see how it pans out.
To the metal traders, Once again there is no reason to hold or buy gold at present.
While analyst after analyst is coming out with there own views, at the present time there is no reason to hold gold.
Can it trade lower yes, how low if it breaks 1630, then 1450 or even lower.
The supply/demand issue have been worked out with Governments around the world making it difficult for people to own the gold so once again, the case to own gold is in questioned in my view.
( Example in India the biggest growth for gold government tax on gold purchases is now 20% from nothing previously.
So you buy gold today and your paying an extra 20% on top of it .
Why buy it ? Stupid)
Sure Silver or Platinum have a major industrial component to them, that's why there a better investment but more dangerous also.( price volatility.)
Notice how bonds have been selling of lately.
Don't worry Ben will nail the shorts early next year.
To the Financial Astrology Students .
Saturn the reality check planet is on the way over the next 24 hours.
The hype and hope that we have had the last couple of days wears of tomorrow at 5am NYT.
One might to watch what gets repriced.
Friday looks to be a positive day astrologically but I don't know how much higher it will be allowed too go, with options expiration.
Also many Hedge Funds and Portfolio managers are closing up there books Friday so I think its wise to also lighten up on the volume also as you'll be at the mercy of some shrewd traders, who love this time of the year.
Please becareful with spec stocks also as and market order can trigger stops with no liquidity around, don't freak out if you loose 20-50% on your investment.
Also juniors traders will have more responsibility so opportunities will be around.
As I say CHANCE COMES TO THE PREPARED MIND.
As always use this blog as an indicator to your own work.
Futures trading can produce huge losses and profits.
Ask your financial advisor more on the above .
Past performances are no guarantee for future performances.
Well we got jack out of the political arena so we closed out our positions maybe a little early but a profit is a profits.
Also on the euro I jumped in again a little early but we shall see how it pans out.
To the metal traders, Once again there is no reason to hold or buy gold at present.
While analyst after analyst is coming out with there own views, at the present time there is no reason to hold gold.
Can it trade lower yes, how low if it breaks 1630, then 1450 or even lower.
The supply/demand issue have been worked out with Governments around the world making it difficult for people to own the gold so once again, the case to own gold is in questioned in my view.
( Example in India the biggest growth for gold government tax on gold purchases is now 20% from nothing previously.
So you buy gold today and your paying an extra 20% on top of it .
Why buy it ? Stupid)
Sure Silver or Platinum have a major industrial component to them, that's why there a better investment but more dangerous also.( price volatility.)
Notice how bonds have been selling of lately.
Don't worry Ben will nail the shorts early next year.
To the Financial Astrology Students .
Saturn the reality check planet is on the way over the next 24 hours.
The hype and hope that we have had the last couple of days wears of tomorrow at 5am NYT.
One might to watch what gets repriced.
Friday looks to be a positive day astrologically but I don't know how much higher it will be allowed too go, with options expiration.
Also many Hedge Funds and Portfolio managers are closing up there books Friday so I think its wise to also lighten up on the volume also as you'll be at the mercy of some shrewd traders, who love this time of the year.
Please becareful with spec stocks also as and market order can trigger stops with no liquidity around, don't freak out if you loose 20-50% on your investment.
Also juniors traders will have more responsibility so opportunities will be around.
As I say CHANCE COMES TO THE PREPARED MIND.
As always use this blog as an indicator to your own work.
Futures trading can produce huge losses and profits.
Ask your financial advisor more on the above .
Past performances are no guarantee for future performances.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.