It seem like the dollar is losing ground and it seem like emerging currency is strengthening
I think we will see rally in emerging market soon and gold is about to break out and going higher.
Same as for oil . The is more room to go higher
Long oil gold and emerging etf
Good luck guy
Posts
Accumulate gold and oil on weakness.
ReplyDeleteIt seem like dollar is gaining some wind
ReplyDeleteClose some short on dollar
Gold accumulate on weakness
Gold charging higher
ReplyDeleteHi Preditor,
ReplyDeleteGood to hear you again!!!!!
Yes oil and gold are on radar. I am also long gold and oil. Trying to get a position in silver.
I like silver very much but there is something very very strange with it. The silver price is very supressed compared to gold.
PS Your short yen trade from a long time ago was perfect, went right to 125 per USD just like you said!!!
Cheers,
Hi bob,
ReplyDeleteIt is quite time.
Hope you are doing well.
Gold is a long term buy. Oil look about tired but I expect the oil to touch us$ 43
Cheer bob
Hi Preditor,
ReplyDeleteSorry for the slow repsonce, I have been a little busy.
Hope you are doing well also.
Your thoughts about gold, oil, and EM are very good. I closed my oil long a little while ago. These days, only short trades seem to work.
I have 33% of my money in physical gold for a long tern hedge/investment. I am watching gold, maybe short term they will be able to push the price lower. I read that Russia is selling some of their gold to keep the ruble stable, probably China is being squezed some also. Martin Armstrong thinks that 2017 maybe the bottom, with sub USD1000 possible with an absoltue low of USD900 ... we shall see. You know me I am a gold bug so my judgement can be biased, but right now I have a small paper short on gold. hehe
Like I said only short trades seem to work for me, a lot of work for little money. Like you said correctly 'see a profit, grab it' that is really the best investment advice.
Cheers
Bob G
Hi Preditor
ReplyDeleteI forgot to mention, I never was able to get a position in silver. Seems like so many things are gap up gap down jump-jump-jump. Not a very orderly market any more. From what I see no american stocks are very technical, I only see a few chinese stocks that behaive technically and semi orderly.
Take care
Bob G
Hi Preditor,
ReplyDeleteClosed my small short gold trade for scratch. I will look to buy more gold on pull backs.
Cheers
Hi bob,
ReplyDeleteIt seem to me stock will trust higher and this time the miner and energy will be the star
My bet is longing commodity for mid term will be a good shot.
Long silver ( should be very profitable)
Oil I think it will go 48 or higher
Hi Preditor,
ReplyDeleteYes think so also. I have a medium position in physical gold and a small position in physical silver.
It seems that the central banks are doing more and getting less. Now the ECB and Japanese Central Bank are monitizing and have negative rates, its has been 8 years since the big crisis and the problem still remains, big debt bubble. It would seem that so much debt is deflationary. Lately the american pension funds are insolvent so the pensioners will get much less than they think, that would seem deflationary also.
If the metals do good then the miners will do great. I suspect that china will find a way to become the next superpower with russia also important, already they have joint business deals with out the USD.
Cheers