Financial topics

Investments, gold, currencies, surviving after a financial meltdown
John
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Re: Financial topics

Post by John »

Higgenbotham wrote:
Higgenbotham wrote:I know somebody who lost all his money shorting the stock market. He lost over a million dollars.
This same person, who by the way was an outstanding highly skilled trader (but lost all his money in this irrational stock market bubble anyway), told me he was long 300 gold contracts at the low in 1999 and got bucked off right before it took off.
What does "bucked off" mean?

Higgenbotham
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Joined: Wed Sep 24, 2008 11:28 pm

Re: Financial topics

Post by Higgenbotham »

John wrote:
Higgenbotham wrote:
Higgenbotham wrote:I know somebody who lost all his money shorting the stock market. He lost over a million dollars.
This same person, who by the way was an outstanding highly skilled trader (but lost all his money in this irrational stock market bubble anyway), told me he was long a huge number of gold contracts at the low in 1999 and got bucked off right before it took off.
What does "bucked off" mean?
Means he sold his position.
While the periphery breaks down rather slowly at first, the capital cities of the hegemon should collapse suddenly and violently.

Higgenbotham
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Joined: Wed Sep 24, 2008 11:28 pm

Re: Financial topics

Post by Higgenbotham »

Going back to that anecdote on the silver mini crash and the one I've told many times about the 2011 top in silver, the only way I know to be successful at this game is to do what virtually nobody else is willing to do. If you can perceive correctly that nobody is willing to sell or be short, then that is what you must do.

And what I hear right now everywhere is the market is overvalued and sentiment is extreme, but you just can't be short.

Example here:

https://www.youtube.com/watch?v=a-hmxwCcwA4

But still there are no guarantees.
While the periphery breaks down rather slowly at first, the capital cities of the hegemon should collapse suddenly and violently.

Higgenbotham
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Joined: Wed Sep 24, 2008 11:28 pm

Re: Financial topics

Post by Higgenbotham »

From 2008:
Higgenbotham wrote:Isaac Newton lost a fortune in the South Sea Bubble and lamented something to effect that he could calculate the motion of heavenly bodies, but not the madness of men. Recently, it was revealed through some of Einstein's personal letters that he lost most of his Nobel Prize money in bad bond investments.
While the periphery breaks down rather slowly at first, the capital cities of the hegemon should collapse suddenly and violently.

aeden
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Joined: Sat Jul 31, 2010 12:34 pm

Re: Financial topics

Post by aeden »

Newton suffered mercury poisoning.
Einstein work was errant half of the time we learned also decades later.
They are still Men. Very bright souls in time.

I think the seizures seen are part of a cytokine response, ie the immune system going nuts.
We know that the virus is asymptomatic.

before me was a pale horse
we all know the usual suspects also

Higgenbotham
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Joined: Wed Sep 24, 2008 11:28 pm

Re: Financial topics

Post by Higgenbotham »

Rant from 2011 which tells the same story as posted above:
Higgenbotham wrote:In that regard, I can remember talking to a guy around 1998 or so who had put his entire life savings of $175,000 into Hecla Mining. He had already doubled or tripled his money twice by making 2 previous "all in" bets. He had been out to visit the company and was absolutely sure he was going to strike for a third time. It sounded real good to me, as I had just purchased a few select gold mining shares myself. I ran down the list with him and he told me which ones were dogs in his opinion and why Hecla was better. Over the next few years, I watched Hecla Mining stock fall from about $5 to a fraction of a dollar. At the same time, two of my mining stocks went bankrupt and I lost tens of thousands of dollars.

Nobody knows what markets are going to do. I have spent years reading esoteric fundamental information that few understand, calculating cycles that nobody in the world so far as I know has discovered and mostly fail to produce results, and developing short term trading skills which mainly serve to get me out of jams and save my ass from ruin before I make a few lucky hits. Few survive in this game.

In 2006, I had an account with a large retail brokerage when that silver debacle hit. I had also sold out at the top of that one. I called the desk and asked the manager of the desk how many accounts they lost in just that one debacle. I was expecting him to say a dozen. He said we must have lost about 50. Just on that one desk. The brokerage had at least 25 desks. I then asked him if anyone else had gotten out at the top. He said no, you were the only one.

Don't EVER believe ANYTHING you read on the Internet saying speculation is easy because it's not. Saying speculation is easy is an industry designed to sell worthless crap. In the Internet Age, it proliferates. There's no reason for a successful speculator to ever want to sell anything.

I'll say it one more time - nobody knows what markets are going to do. Nobody on earth. Not Jimmy Rogers, not George Soros, not Warren Buffett, not Bill Gross, not Goldman Sachs. Nobody.
Like I've said before, I don't want to gamble; the Fed is forcing me to gamble. Why do I say that? It's because the Fed, especially since Greenspan, has told you that they will make sure the dollar is not a safe store of value. They are targeting the dollar for inflation and will inflate it away. That's what they are telling us point blank. If it's not a store of value, and you have any savings, then they are forcing you to gamble with your savings to preserve purchasing power. There will be a few winners and lots of losers.
While the periphery breaks down rather slowly at first, the capital cities of the hegemon should collapse suddenly and violently.

Higgenbotham
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Joined: Wed Sep 24, 2008 11:28 pm

Re: Financial topics

Post by Higgenbotham »

Another anecdote I can recall is in the days leading up to the flash crash, virtually everyone was expecting one more move up. 1235 was the popular number being thrown out. I can remember (the late) Terry Laundry saying the market would peak May 8 based on his T Theory. Also, there was a well known cycle analyst who called a low for May 5, the day before the flash crash. I was short and scared to death. Then the flash crash came and everyone was taken completely by surprise. I remember the media interviewing James Simons afterwards and he said he had no idea what happened, that they saw something was wrong and turned their machines off a few minutes before the crash.
While the periphery breaks down rather slowly at first, the capital cities of the hegemon should collapse suddenly and violently.

aeden
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Joined: Sat Jul 31, 2010 12:34 pm

Re: Financial topics

Post by aeden »

https://www.youtube.com/watch?v=E_6Miu2esX4

The Offices will deal with the usual suspects.
The response issues was typical in a system and going forward they will not allow these evil people another move forward.
They will meet numerous civilizations bent on addressing this evil and we pray for the innocent.
Last edited by aeden on Sat Feb 15, 2020 2:25 pm, edited 3 times in total.

Higgenbotham
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Joined: Wed Sep 24, 2008 11:28 pm

Re: Financial topics

Post by Higgenbotham »

https://www.commitmentsoftraders.com/

The "Stock Index Timing .com" market timing service was ranked by Timer Digest as the number one market timing service for consecutive ten year periods for 2012 to 2018

These ten year periods represented EVERY ten year period that the Stock Index Timing market timing service was published.

The selected "intermediate term" forecast indicators shown below FORECAST a three to six month market decline and suggest we FOLLOW the market when the price direction is negative.

2/15/2020: Potential Market Price Box:
3385-3317 (sell 3317) based on VVIX non confirmation, and
3385-3360 (sell 3360) based on Dow Transport versus VIX and S&P 400.

BOTTOM BOTTOM LINE: Be prepared to sell at S&P 3360.
Last edited by Higgenbotham on Sat Feb 15, 2020 2:31 pm, edited 1 time in total.
While the periphery breaks down rather slowly at first, the capital cities of the hegemon should collapse suddenly and violently.

aeden
Posts: 12353
Joined: Sat Jul 31, 2010 12:34 pm

Re: Financial topics

Post by aeden »

Virus is somehow tied to the 2020 election, and is a life threatening actualization of Democrat zeal in effort to defeat Trump. Although the reasoning behind it's implementation is different from Option #5 outlined in the Bensenson Strategy Group's Salvage Project report (obviously this round they do not want a continuity of Trump government), but what it has the potential to do is disrupt the world economy, which in turn would disrupt our own economy. The "winning" stock market would no longer be able to be the mainstay of Trump's rally cry. It has the added benefit of killing multitudes of people that in their inclusive hearts, the Democrat elite secretly loathe. The left elite hate anyone who is not a leftist elite, regardless of what lies they broadcast.

sweeps mid march

===============================================================================================
thread: l8ter

You are correct on the theme H.

Failure modes all suggest.
Aggregate suggest 40 to 50 percent op practices loss.
Design 30 to 40 percent losses.
Defensive practices 10 to 30 percent losses.

One might ask the question, "Aren't American socialists in favor of their own country's survival?"
To answer this question, we must turn to abnormal psychology.
============================================================================================
Americans still do not understand the script.
http://gdxforum.com/forum/search.php?ke ... sf=msgonly

https://www.youtube.com/watch?v=-pDDBDxc25M

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