Posted by: tyrannyoflogic October 4, 2011
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Leaving your portfolio unattended in the volatile markets that we are in is gambling.
Disciplined and Strategized trading is not gambling. (technicals)
Gold is a gamble too. You are betting that the supply of gold is gonna go down and the demand is gonna rise or stay constant.
There are a lot of unknowns surrounding that equation if you think about it. Isn't that a gamble?
I was all for buying gold for 1300-1500...cuz the uptrend was steady...but then it spiked...did a double top and then crashed....so right now its only hope to get to the 1900s is probably a QE or wait it out a year or two for its slow uptrend after a harsh correction. There might be other investments that could give you 300 dollars return on your 1600 dollar investment ( as of today) in a year or two, or when gold hits 1900 again in the future way later than you expect.
I might be wrong too but my calls here on sajha have had a pretty good track record.
As always, just my opinions dont BET on it.
Disciplined and Strategized trading is not gambling. (technicals)
Gold is a gamble too. You are betting that the supply of gold is gonna go down and the demand is gonna rise or stay constant.
There are a lot of unknowns surrounding that equation if you think about it. Isn't that a gamble?
I was all for buying gold for 1300-1500...cuz the uptrend was steady...but then it spiked...did a double top and then crashed....so right now its only hope to get to the 1900s is probably a QE or wait it out a year or two for its slow uptrend after a harsh correction. There might be other investments that could give you 300 dollars return on your 1600 dollar investment ( as of today) in a year or two, or when gold hits 1900 again in the future way later than you expect.
I might be wrong too but my calls here on sajha have had a pretty good track record.
As always, just my opinions dont BET on it.