Hi readers
Well market has gone against me some what at the present time.
Went short yesterday on the ASX200 a little early but holding.
For those who have asked for my trades.
ASX200
Short 25@ 5190
Short 50 @ 5220
Short 25 @ 5250
ES Dec
Short 90@2080
Short 40@2085
NQ Dec
Short 40@4650
Short 20@4675
As you can see we are up on some trade and down on others.
The danger was as stated that the market was very low to commence a down move in particular the ASX.
So let's see what plays out as we are in for some good volatility.
I've had a number of emails to comment about gold.
Gold as I have stated previously is a great way to store wealth.. That's it.
Gold will never be anything more.
While I totally understand why gold is loved and it's the security of a currency.
But the fact is the whole financial system is out of control.
When governments need money they just print it up with no respect of process or ramifications of the action.
Population is always growing around the world so it will work itself out.
I don't make the system we live in, I just adapt to it.
Yes many will be disappointed If you think gold at 1100 or 1500 will be higher in 5 years from now?
Gold conservative outlook to me $500-600 in 5 years or maybe next year.
I say that because the is no reason to own gold.
Sure if gold drop to 200-300 an ounce I will buy it but before then no point.
There is a major difference between metal we use as opposed to investment metals.
Also the tax which countries have put on precious metals to raise revenue is the most stupidest thing in today's society.
Many will always talk of gloom and doom, so the price of gold can go up.
Bottom line gold is just another investment tool... Buy low sell higher.
In bonds they can only go down and while I don't trade them, I can't see how rates can go lower for the bond prices to increase.
For the readers who email regarding our stock to look at.
It's great how all of you are doing your own due diligence.
It's extremely pleasing to know that many of you take an interest in your investment decisions.
The internet is full of information, you just need to spend a little bit of time on it.
For those asking about teaching financial astrology the answer is no I'm not interested at the present time.
Well market has gone against me some what at the present time.
Went short yesterday on the ASX200 a little early but holding.
For those who have asked for my trades.
ASX200
Short 25@ 5190
Short 50 @ 5220
Short 25 @ 5250
ES Dec
Short 90@2080
Short 40@2085
NQ Dec
Short 40@4650
Short 20@4675
As you can see we are up on some trade and down on others.
The danger was as stated that the market was very low to commence a down move in particular the ASX.
So let's see what plays out as we are in for some good volatility.
I've had a number of emails to comment about gold.
Gold as I have stated previously is a great way to store wealth.. That's it.
Gold will never be anything more.
While I totally understand why gold is loved and it's the security of a currency.
But the fact is the whole financial system is out of control.
When governments need money they just print it up with no respect of process or ramifications of the action.
Population is always growing around the world so it will work itself out.
I don't make the system we live in, I just adapt to it.
Yes many will be disappointed If you think gold at 1100 or 1500 will be higher in 5 years from now?
Gold conservative outlook to me $500-600 in 5 years or maybe next year.
I say that because the is no reason to own gold.
Sure if gold drop to 200-300 an ounce I will buy it but before then no point.
There is a major difference between metal we use as opposed to investment metals.
Also the tax which countries have put on precious metals to raise revenue is the most stupidest thing in today's society.
Many will always talk of gloom and doom, so the price of gold can go up.
Bottom line gold is just another investment tool... Buy low sell higher.
In bonds they can only go down and while I don't trade them, I can't see how rates can go lower for the bond prices to increase.
For the readers who email regarding our stock to look at.
It's great how all of you are doing your own due diligence.
It's extremely pleasing to know that many of you take an interest in your investment decisions.
The internet is full of information, you just need to spend a little bit of time on it.
For those asking about teaching financial astrology the answer is no I'm not interested at the present time.
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