28 replies to this topic

[dharma]

this will end in a parabolic blowoff down the road.
dharma

Although I know we employ entirely different trading strategies, I think the above line sums up my feelings exactly

for me , the last gold bull market @425 alot of big names in the biz jumped ship @425 too high too fast needs to correct-the mind came into play and they missed the boat. i dont mind the inevitable beatings that are part of this market. i vary my exposure @different times. this market will pay off handsomely its a matter of time, patience , and perseverance. the ups and downs are the sound and the fury, which in retrospect will all be forgotten. but, those who miss the trend will not be happy. this situation if one looks through all the bullsh*t is blatant. history has shown that no fiat currency has ever prevailed. the dollar will be no different . its death sentence came in 71. real money w/no debt has been around for thousands of years. dharma

[souelle6]

[/quote] for me , the last gold bull market @425 alot of big names in the biz jumped ship @425 too high too fast needs to correct-the mind came into play and they missed the boat. i dont mind the inevitable beatings that are part of this market. i vary my exposure @different times. this market will pay off handsomely its a matter of time, patience , and perseverance. the ups and downs are the sound and the fury, which in retrospect will all be forgotten. but, those who miss the trend will not be happy. this situation if one looks through all the bullsh*t is blatant. history has shown that no fiat currency has ever prevailed. the dollar will be no different . its death sentence came in 71. real money w/no debt has been around for thousands of years. dharma [/quote] Maybe our strategies are not so different... What are your thoughts? My trading strategy changes with cycles but my opinion is that Canada is entering a bull market after the lows were established in March... As a result I am a Meat of the Curve guy now, in my opinion that's where the money is... My primary macro trading thesis is that the path of least resistance for capital has switched from the 'majors' and into commodity producing nations such as Australia, Canada, NZ and I'm watching the S Africa as well... I am long of these and I suspect I will enter a very heavily short gold position in some time, but we wait...

Edited by souelle6, 29 May 2009 - 10:28 AM.

[dharma]

Maybe our strategies are not so different... What are your thoughts? My trading strategy changes with cycles but my opinion is that Canada is entering a bull market after the lows were established in March... As a result I am a Meat of the Curve guy now, in my opinion that's where the money is... My primary macro trading thesis is that the path of least resistance for capital has switched from the 'majors' and into commodity producing nations such as Australia, Canada, NZ and I'm watching the S Africa as well... I am long of these and I suspect I will enter a very heavily short gold position in some time, but we wait... [/quote] my strategy is simple "a trend in motion will continue until it actually stops" aristotle so, i entered the gold market in the low 400s and have been @least 80% invested since. and will remain so until well into the parabolic. and i never met or read of anyone shorting a bull market and getting rich dharma

[souelle6]

my strategy is simple "a trend in motion will continue until it actually stops" aristotle
so, i entered the gold market in the low 400s and have been @least 80% invested since. and will remain so until well into the parabolic. and i never met or read of anyone shorting a bull market and getting rich
dharma

Congratulations on catching that big move, what your saying makes a whole lot of sense to me... Haha still can't get my head around all this moon talk though

[dharma]

my strategy is simple "a trend in motion will continue until it actually stops" aristotle
so, i entered the gold market in the low 400s and have been @least 80% invested since. and will remain so until well into the parabolic. and i never met or read of anyone shorting a bull market and getting rich
dharma

Congratulations on catching that big move, what your saying makes a whole lot of sense to me... Haha still can't get my head around all this moon talk though

check out the history of every bull market in your lifetime, each and every one ended in a craze, much like the nasdaq @5k in 2k. and most of that craze the stocks never had a dime in earnings and were in the stratosphere. gold will be no different. the names change , the reasons change, but in the end its human nature. fear and greed. dharma

[souelle6]

my strategy is simple "a trend in motion will continue until it actually stops" aristotle
so, i entered the gold market in the low 400s and have been @least 80% invested since. and will remain so until well into the parabolic. and i never met or read of anyone shorting a bull market and getting rich
dharma

Congratulations on catching that big move, what your saying makes a whole lot of sense to me... Haha still can't get my head around all this moon talk though

check out the history of every bull market in your lifetime, each and every one ended in a craze, much like the nasdaq @5k in 2k. and most of that craze the stocks never had a dime in earnings and were in the stratosphere. gold will be no different. the names change , the reasons change, but in the end its human nature. fear and greed. dharma

Notice my signature... I definitely consider myself a student of Livermore and thus obviously agree

[dharma]

my strategy is simple "a trend in motion will continue until it actually stops" aristotle
so, i entered the gold market in the low 400s and have been @least 80% invested since. and will remain so until well into the parabolic. and i never met or read of anyone shorting a bull market and getting rich
dharma

Congratulations on catching that big move, what your saying makes a whole lot of sense to me... Haha still can't get my head around all this moon talk though

check out the history of every bull market in your lifetime, each and every one ended in a craze, much like the nasdaq @5k in 2k. and most of that craze the stocks never had a dime in earnings and were in the stratosphere. gold will be no different. the names change , the reasons change, but in the end its human nature. fear and greed. dharma

Notice my signature... I definitely consider myself a student of Livermore and thus obviously agree

yes, he was a master trader w/deep understanding of the mechanics of the market. his illness ultimately got the better of him.
this old piece by richard smitten on livermore i found very helpful:http://www.financialsense.com/Experts/2004/Smitten.html
dharma

[dharma]

i have sold all trading positions this am, except for one and i am in to sell that to. i am very long, but no trading positions. obviously, i believe this leg has topped out. we shall see. dharma

[dharma]

on the weakness in nak i established a trading position i will bail if it doesnt cooperate trading dharma