Posts by "asad"

YBF,

I'm not short gold, but I can tell you gold will be trading lower...as early as tomorrow! I sincerely hope that you're not long heavily...because we could see a thud of $50 as we've seen in the past.

ONE good data and we'll see it. And I pretty much believe that the EU nations would 'require the services of gold' to fund the $1 tn 'bailout'. Even if not, stability will be forcing gold lower.

I agree that we could see gold at 1400 this year, but not for now...


Asad

Lucky,

Thanks for your gracious comment. I got stuck w/ work today...but can assure you I've been long oil since early 75. I'm in now for the long-haul...and am actually in a decent position to consolidate here going forward. Even if oil falls to 70 from here...screw it...I'm buying at every dip!

Oil is heading minimum 90 by this year max...and I've got my eye on that! & I'm sure I've got your blessing too on this one... ;)


Asad

Xaron/Gunjack,

THAT'S the philosophy I'm following w/ oil. I'm long oil in thought...but short in action! I'm following the trend and short purely to make money here. In thought though, I'm long...and soon as this bloodshed settles, will be buying for long term.

I'm not only into crude...I'm ready to invest big in some natural resource funds too - JPM natural resources tops that list!

What do you guys think?


Asad

Raj,

THIS guy...
http://www.zerohedge.com/article/panic-and-loathing-sp-500-pits

is in the BEST position to tell you the entry/exits of S&P


Asad

Gunjack,

That's why I'm trading live currently. Easy money...eaaaaaaaaaaasy money going short!


Asad