Stories of Life.
Allan,how much do you factor in industry group strength? Thanks,Ron
Ron, a lot.
No Hope Left?I’ve been reading this blog for a long time, consistently pulling down good money in doing so.With:1) the economy tanking, 2) commodities and inflation rising, 3) Jobs Bing lost at an astonishing rate4) the stock market in a bear mode5) with charlatans Like Cramer giving “advice”My question is:Is there anything we can do to save ourselves and ensure our families’ protection from the upcoming devastation other than following Allan and his trading, investing and economic advice? Harlan in International Falls, MN
Allan:Are you a "GoldBug" or just bullish on gold.Paul
Paul: One doesn't have to take sides here, GoldBug or Pollyanna....the charts tell all, nothwithstanding hiccups like the one we are in this week, Gold is in an uptrend and Western Economic Stability is in a downtrend. This too shall pass, but in the meantime, let's make a fortune.
Allan:We cannot, by definition "make" a fortune.Wealth is neither made nor lost it is simply transferred from one venue to another. So we DO in fact need to take sides. I would prefer to take the receiving side. Which side would you prefer? Paul
We need to be nimble, ready to change sides when dictated by the market...I need some large sums of money transferred to me....But if there are more people on the planet and the quality of life is at its highest then hasn't the entire pie grown, not just transferred from venue to another? Cruiseguy
Commercial futures traders appear to be shorting gold 3:1.Normally I would be going long gold but they scare thew hell out of me.What's your take Allan?
I've always had better results going with the charts over trying to predict, no matter how compelling the argument.Good discussion of Oil and Gold vis a vis commercial traders, here:http://twocents.blogs.com/
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