177 replies to this topic

[punter]

still short gold from the positions posted. still adding to gold shorts and sp long. think some kind of market event in the works. hope i am not the deer in the head lights.

 

good luck.

[punter]

still short gold from the positions posted. still adding to gold shorts and sp long. think some kind of market event in the works. hope i am not the deer in the head lights.

 

good luck.

 

 

juz to add, i have no gossips to share when it really matters. nobody tells me anything useful during turning points. so nothing to share to offend anyone.

[punter]

v much a scalping market. not easy to make money for mid or long term.  think will be this way for next few years.

[punter]

shifting through the news, i wonder why there is no motion in US congress to support democracy and human right in Catalonia? are human rights and democracy more important in HK than Spain/Europe?

 

 

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still long sp and short gold.

Edited by punter, 22 October 2019 - 07:46 AM.

[punter]

in recent IMF financial stability report, insurance industry is cited as a sector of risk bcos of increasing overseas investments, largely bcos of need for greater yield.

 

remember market freeze during 2008 financial crisis?

 

while largely a scenario for fiction thrillers, imagine a financial war involving capital account withdrawal. someone in US wakes up and decides to sanction another country in withdrawing earnings, interest and investment. another country retaliates the same, more countries brought into the fight.

 

imagine the horror and panic .... wont happen? this year proves any crazy scenario is possible. in this scenario, QE whether real or fake or non is useless. 

Edited by punter, 22 October 2019 - 09:43 AM.

[punter]

in recent IMF financial stability report, insurance industry is cited as a sector of risk bcos of increasing overseas investments, largely bcos of need for greater yield.

 

remember market freeze during 2008 financial crisis?

 

while largely a scenario for fiction thrillers, imagine a financial war involving capital account withdrawal. someone in US wakes up and decides to sanction another country in withdrawing earnings, interest and investment. another country retaliates the same, more countries brought into the fight.

 

imagine the horror and panic .... wont happen? this year proves any crazy scenario is possible. in this scenario, QE whether real or fake or non is useless. 

 

 

in my circle, we are speculating that there are players in the US who want to engineer a crash, with the intent of causing massive chaos around the world. these players believe that despite the US will be hurt, it will be the least damaged while other countries will be decimated financially.

 

so this is my playbook for next year. i dun have problems telling people, as nobody will believe me anyway. we shall wait and see. maybe there's lots of money to be made here.

[punter]

looking back, i think the real purpose of the trade war was to crash China and together bring down East Asia economically. however, China turned out to be more resilent than expected. juz look at Huawei, totally unaffected by US sanctions. We might end up with a bigger tech company then before.

 

So the first salvo didnt quite work. The next salvo would be an attempt to attack and destroy companies in the financial sector. thats why i mention insurance company earlier.

 

this second attack might work better, which is what i am waiting for. but the end result would be a east asia economic zone which is also what i am waiting for.

[punter]

 

 

 

 

 

added final gold short 1495 area. total 5

 

add final sp long 2898 area. total 4. 

 

added gold short 1502. total 6

 

 

cash out gold short from  1502 for quick scalp. total 5. maybe i get chance to reload tomorrow asia. if not, i already have 5. going to zzzz

 

 

 

closed all my sp longs. wont post new long trades.

 

expect to close all my gold shorts by wed latest, wont post new short trades.

 

 

i didnt get to close all the gold shorts. still on course, and i have added new shorts. target by this Friday. but think the run will continue to next week. both short gold and long sp.