Financial topics

Investments, gold, currencies, surviving after a financial meltdown
richard5za
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Location: South Africa

Re: Financial topics

Post by richard5za »

Today it began to look like an accelerating blowoff to me
Yes, Higg, I agree but might continue through next week, and thereafter? There's an unfilled gap at around 2900 on S&P 500 and that could be first correction level.

The saying "The market can remain irrational for longer than you can remain solvent" is a serious reality

richard5za
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Joined: Sun Sep 21, 2008 10:29 am
Location: South Africa

Re: Financial topics

Post by richard5za »

Are there any gold bugs, bulls or bears on this forum?

John
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Location: Cambridge, MA USA
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Re: Financial topics

Post by John »

** 28-Nov-2019 Vince Cate
richard5za wrote: > Are there any gold bugs, bulls or bears on this forum?
That would be vincecate (Vince Cate). He's contributed to the
forum off and on for several years. His web site is
http://www.gold.ai in Anguilla.

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

Re: Financial topics

Post by Higgenbotham »

John wrote:** 27-Nov-2019 World View: Hong Kong bill
jcsok wrote: > I believe we are seeing the blow off top. Every time I strongly
> want to short, I read the Gann article which is from ZeroHedge
> 12/27/17, which I previously posted, in order to control my
> bearishness. We are in the time zone cited in the
> article.
Higgenbotham wrote: > I believe so too. Today it began to look like an accelerating
> blowoff to me. I covered all shorts on this dip tonight on the
> news that Trump signed the bill supporting the Hong Kong
> protesters.
We'll see, but I wouldn't expect the signing of the HK bill to cause
the outcome you're suggesting. The bill has passed, but it hasn't
been implemented, and that's a long way off.

In fact, expectations are so high that signing this bill will cause
a correction that it may have the opposite effect.
I was short the S&P futures. "Covered all shorts" and saying that I expect "an accelerating blowoff" means I expect the market to go much, much higher before it comes down.
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 »

It was obvious Trump was going to sign the bill.

The dip that occurred when the bill was signed was a gift to the shorts to find a decent area to get out.
While the periphery breaks down rather slowly at first, the capital cities of the hegemon should collapse suddenly and violently.

jcsok
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Joined: Sat Nov 08, 2008 6:51 am

Re: Financial topics

Post by jcsok »


vincecate
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Re: Financial topics

Post by vincecate »

John wrote:** 28-Nov-2019 Vince Cate
richard5za wrote: > Are there any gold bugs, bulls or bears on this forum?
That would be vincecate (Vince Cate). He's contributed to the
forum off and on for several years. His web site is
http://www.gold.ai in Anguilla.
I like gold, silver, and Bitcoin. But I am fascinated by hyperinflation. I have lots on that at http://howfiatdies.blogspot.com

-- Vince

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

Re: Financial topics

Post by Higgenbotham »

Higgenbotham wrote:It was obvious Trump was going to sign the bill.

The dip that occurred when the bill was signed was a gift to the shorts to find a decent area to get out.
This looks like capitulation to anybody lurking to see where I give up.

But the problem they will have doing that is that now that the market has rebounded ~5 points, I have gone back in with a partial short. It is the lurkers who are going to have to give up. I've become like a chameleon.
While the periphery breaks down rather slowly at first, the capital cities of the hegemon should collapse suddenly and violently.

John
Posts: 11479
Joined: Sat Sep 20, 2008 12:10 pm
Location: Cambridge, MA USA
Contact:

Re: Financial topics

Post by John »

Higgenbotham wrote:
Higgenbotham wrote:It was obvious Trump was going to sign the bill.

The dip that occurred when the bill was signed was a gift to the shorts to find a decent area to get out.
This looks like capitulation to anybody lurking to see where I give up.

But the problem they will have doing that is that now that the market has rebounded ~5 points, I have gone back in with a partial short. It is the lurkers who are going to have to give up. I've become like a chameleon.
Lol!!

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

Re: Financial topics

Post by aeden »


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