yeah, we have seen this movie before, BUT as good as Faber is he
has been wrong before like anyone else. And you are right that
bearish sentiment is pervasive but try as I might to see why this
market has much more upside it just doesn't grok. (unless Benny
steps in to save the day)
for me it's gold, cash and and some short term hedging
shorts
After a nearly $400
drop off this year's high, we can finally say Gold's 12-year bull
market is over. For quite some time I've warned that America was on
the verge of an entirely new type of economic environment -
Deflation! Since our last bout of deflation was 80 years ago, this
is a situation virtually no living American can remember. The
impact on banks, home values, debts of all kinds and consumers,
will be profound. This means that everything denominated in U.S.
dollars will - over the next few years - begin to drop in value.
That will cause huge problems for all legal contracts based on
payments in U.S. dollars, especially housing loans.
scenario 1 - the market tanks on Monday feeding the bond market
and gold for safe havens- dollar up AND gold up (this would be good
for me)
scenario 2 - the market tanks on Monday and all the money
goes to bonds - dollar down and gold down
scenario 3 - the market chops around in volatilty and then goes
up on the sentiment that the worse is out of the way and the dollar
and gold tank and the market goes to new highs. (this one would not
be good for me)
scenario 4 - that I'm totally wrong on all scenarios
Over the last few months I did pretty well with
swing longs and hedged them with a leveraged bear ETF which
pretty much cancelled out all my gains until today when I sold it.
It was a pretty rough ride but it worked out.
Talk about swing trading! I was thinking of swinging with a rope
around my neck (just kidding)
Will look to short again if we get a decent bounce. I have not
been day trading at all and staying out of the market, hence my
lack of postings lately (in case anybody missed me
)
Posted by Palladin on 21st of Jul 2011 at 12:54 pm
this fool put in stink bids that are countertrend and not
likely. Top or bottom. The odd time I catch one or two and it pays
off! Requires patience and constant monitoring...
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another way to look at
SPX Commercials
Posted by Palladin on 11th of Nov 2011 at 07:57 pm
another way to look at it...
the bears are burnt when they capitulate too early! Just like rats as they jump from a sinking ship only to drown while the ship makes it to shore.
yeah, we have seen this
Bearish sentiment...contrary indicator?
Posted by Palladin on 3rd of Nov 2011 at 02:46 pm
yeah, we have seen this movie before, BUT as good as Faber is he has been wrong before like anyone else. And you are right that bearish sentiment is pervasive but try as I might to see why this market has much more upside it just doesn't grok. (unless Benny steps in to save the day)
for me it's gold, cash and and some short term hedging shorts
ironically that works! - as
Seriously what do u guys think
Posted by Palladin on 27th of Oct 2011 at 01:55 pm
ironically that works! - as long as you CAN stay solvent and used as hedging. Money begets money - easy to make more if you got lots of it!
stepping in the hole?
ut oh!
Posted by Palladin on 25th of Oct 2011 at 03:32 pm
stepping in the hole?
NeoWave Glenn Neely - Gold Bull Market is Over
Posted by Palladin on 26th of Sep 2011 at 10:03 am
After a nearly $400 drop off this year's high, we can finally say Gold's 12-year bull market is over. For quite some time I've warned that America was on the verge of an entirely new type of economic environment - Deflation! Since our last bout of deflation was 80 years ago, this is a situation virtually no living American can remember. The impact on banks, home values, debts of all kinds and consumers, will be profound. This means that everything denominated in U.S. dollars will - over the next few years - begin to drop in value. That will cause huge problems for all legal contracts based on payments in U.S. dollars, especially housing loans.
Transmission Time:
Los Angeles:
26-Sep-2011 06:23
New York:
26-Sep-2011 09:23
London:
26-Sep-2011 14:23
Madrid:
26-Sep-2011 15:23
Mumbai:
26-Sep-2011 18:53
Sydney:
27-Sep-2011 00:23
NEoWave, Inc.
www.NEoWave.com
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sure. just abide by Prechters, McHugh's,
If anyone could tell me with 100 % certainty which ...
Posted by Palladin on 23rd of Sep 2011 at 04:08 pm
sure. just abide by Prechters, McHugh's, and lately Dick Bove's et all and you'r covered! and of course, don't forget Cramer's insightfull guidance!
no, I can't see your
test
Posted by Palladin on 1st of Sep 2011 at 09:50 am
no, I can't see your post
I think Ron and Dylan
Ratigan Blasts US Political-Banking Ties; "Corrupt Congress"
Posted by Palladin on 15th of Aug 2011 at 01:56 pm
I think Ron and Dylan should form a Junta and "rule" together
Ratigan Blasts US Political-Banking Ties; "Corrupt Congress"
Posted by Palladin on 15th of Aug 2011 at 01:21 pm
http://www.youtube.com/watch?v=OYhUuYjxbjQ&feature=player_detailpage
shouldn't have shorted the S&P
I will be away for a few hours - have ...
Posted by Palladin on 12th of Aug 2011 at 01:05 pm
shouldn't have shorted the S&P
hope all is well
guess you didn't read last
Renko charts, 10 and 30 min
Posted by Palladin on 8th of Aug 2011 at 11:23 am
guess you didn't read last nite newsletter?
no, and for TOS there
Renko Charts
Posted by Palladin on 8th of Aug 2011 at 11:22 am
no, and for TOS there are some third party work arounds.
hey, watch out for the
default
Posted by Palladin on 6th of Aug 2011 at 08:03 pm
hey, watch out for the politico vigilantes
I have the same propensity
Confessions of a Right-aholic. Any similarities?
Posted by Palladin on 6th of Aug 2011 at 09:12 am
I have the same propensity to sell too early and leave money on the table.
But I label it Left-Alcoholic for all the profits I "left" behind
better a year too early than a day too late though...
scenario 1 - the market
Wouldn't the S&P downgrade
Posted by Palladin on 6th of Aug 2011 at 09:08 am
scenario 1 - the market tanks on Monday feeding the bond market and gold for safe havens- dollar up AND gold up (this would be good for me)
scenario 2 - the market tanks on Monday and all the money goes to bonds - dollar down and gold down
scenario 3 - the market chops around in volatilty and then goes up on the sentiment that the worse is out of the way and the dollar and gold tank and the market goes to new highs. (this one would not be good for me)
scenario 4 - that I'm totally wrong on all scenarios
anyone care to present scenarios?
here comes the backtest of
This Mornings Data
Posted by Palladin on 5th of Aug 2011 at 08:37 am
here comes the backtest of the HS pattern...
Over the last few months
what nobody short....odd
Posted by Palladin on 2nd of Aug 2011 at 05:40 pm
Over the last few months I did pretty well with swing longs and hedged them with a leveraged bear ETF which pretty much cancelled out all my gains until today when I sold it. It was a pretty rough ride but it worked out.
Talk about swing trading! I was thinking of swinging with a rope around my neck (just kidding)
Will look to short again if we get a decent bounce. I have not been day trading at all and staying out of the market, hence my lack of postings lately (in case anybody missed me
)
yep!
Website servers
Posted by Palladin on 23rd of Jul 2011 at 02:22 pm
yep!
Amy Winehouse found dead at 27 - spooky long list
Posted by Palladin on 23rd of Jul 2011 at 02:21 pm
where did you go fixedgear? - another one to the list...
this fool put in stink
Curb your enthusiasm
Posted by Palladin on 21st of Jul 2011 at 12:54 pm
this fool put in stink bids that are countertrend and not likely. Top or bottom. The odd time I catch one or two and it pays off! Requires patience and constant monitoring...