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groove
(london, United Kingdom)
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groove
UK
Posted Anonymously
12 years ago
Oct 25, 2012 23:06
In Thread: Gold, Oil & Indices (Equity & Bond Indices)
amateur observation. crude on a monthly chart looks like upside since financial crises was nothing more than a prolonged correction before it carries on down. I was an oil bug but the chart speaks for itself. Now I am definitely not a gold bug so I look at gold from a relatively neutral perspective and a little thought at the back of my head keeps saying if gold can't go up in the build up never mind after a dovish fomc whats it going to do on a bad day. Silver has stolen all the gold bugs which is hardly surprising as silver only has to move thirty odd cents for 1% compared to 17 dollars.
The reason for this is it looks to me that in trying to prevent a bad recession for a couple of years Ben Bernanke has got his come uppance at last and his QE (TITANIC) strategy is about to kill the market. BUYING UP BONDS REDUCES LIQUIDITY and benny boy has been buying one too many.
THAT IN MIND BEFORE YOU SELL ANYTHING SOME FEEDBACK ON MY TRADING STRATEGY WOULD BE APPRECIATED.
BUY GOLD - SELL STOCKS (WAS THE OPPOSITE TILL A COUPLE OF WEEKS AGO)
AND FOR ALL YOU GOLDBUGS
BUY SILVER - SELL GOLD TILL GOLD 1800 (IF IT EVER HAPPENS AGAIN) THEN FLIP THEM ROUND
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