Everyone thought I was crazy to call for DOW 18,000. Gold at 2500?
Do you feeel I am crazy now? The name of the game is fiat currency devaluation. When you are looking at a microtrend in a stock remember the overall wind that is blowing and only choose decisions based on that wonderful tail wind.
Who said it was crazy? Maybe crazy low. If you're saying Dow 18,000 as a summer 2013 target I can see it. But in 5 years the Dow will be 55 or 60K and people will be shocked anyone thought it would ever drop.
bobwins, your targets are way way more optimistic than mine. I just don't think the DOW will climb 30% from here to the summer to reach 18,000, but I do expect a nice and slow climb throughout the years to come
I do agree with you, I do believe we'll see the DOW at 16,000 sometime this year and 18,000 in 2014 or 2015 and gold will definitely break the $2,000 price this year with all the liquidity by the central bankers around the world is very duable
Wes-you are killing me here. I covered my short last month and waited and waited. you convinced me this turd was going to 38-40? It is a sure thing to short and i should have added to my position? Now I am considering shorting this again, but you are long and only rarely let me down.....what the F now, suggestions please.
Ya we are going to have to strategically wait for the short entry. I got 12% to recoupe! I want it back. I look at it as lending to the VXX longs or Barclarys. I am coming to collect with interest! Haha. Just patience. I would love to short here but even if we drop to $10 tomorrow I would much rather wait for the rise back to $20. A way more easier bet on the up swing.
It really doesn't matter if you short at 40, 35, 30, 25, or 20 (where it will be next week). Your maximum gain is 100% no matter what. Be sure to add to the short on the way down to compound your profits. This will never hit 23 again.