Posts by "speculator"

nzvik, i am not a short term trader on margin just a speculator and financial advisor. i buy raw currency on highs and sell on lows and have done very well since. for example I bought dollars at all time low in 2007 and liquidated during crisis for sterling (domestic currency) Day trading is not my game right now but I am studying strategies that may be profitable. When I make calls they are not necessarily short term they could be 6 months or a 2 years as that is my tradable range.

Be sure that when i start trading i will make good money as you can only learn with experience and learning all the time.

My call for gold to collapse is happening now along with support for current stock prices where many were forecasting otherwise.

Having said that we ALL makes mistakes believe me I see it all there time no matter how great and smart you may be. so i am not pretending to be george soros.

dollar is not entirely rising because of its haven appeal. its because the market was too short and it got to a level where there were HARDLY any more bulls/neutrals to convernt to bears. When this happens it can only go up.

I mentioned we would not get any dip in stocks of more than 5% at Q4. stocks are the way forward in longer term and OUT of BONDS completely. In a rising interest rate cycle you do not want to bet on bonds. Interest rate rises will have some impact on stocks as remember they are competing with each other for return, however as the economy improves i cant see any major dips unless a geopolitical event arises.

speculator



December 13, 2009 10:05 ET 1.6169 next support if broken could reach 1.5983

said, of course. markets must be driven by supply/demand which is very much linked to physchology of market participants. but the gold story is very speculative ex-central banks actions.

guys dollar should rally for at leasst 6-8 months whilst gold should fall for same term. DXY will be heading for 95, higher than 2009 highs.