Playing the Markets

[JakeStarkey]

I leave it to our investment company.

They bought heavily in the last ten days in March 2020.

We have been fortunate.

[Juicer66]

I leave it to our investment company.

They bought heavily in the last ten days in March 2020.

We have been fortunate.

Works well when in hindsight you move in at 'the right' point . But the adrenalin rush from successful Trading beats the smugness from successful investment every time . imho .

Or so I am told .

[JakeStarkey]

Works well when in hindsight you move in at 'the right' point . But the adrenalin rush from successful Trading beats the smugness from successful investment every time . imho .

Or so I am told .

It's a risk every time, unless you have loaded the dice, which I have never been able to do.

We took some loss in two meme stocks already this year: not big, but enough to bite a bit.

[Juicer66]

ANY SILVER PUNTERS ?

Must write here more often . Since bleating earlier , the price is up from 23.80 to 24.25 .

My 5000oz punt is healthy and well in front .

For beginners , note that there is a close correlation between worth of US Dollar ( ticker DXY ) and Silver spot price .Near 100% .

I do not necessarily think that this is the start of the huge drive north with the white metal and I would sell short term as a Trader and buy back on dips until big news hits

the markets --- inflation up to 10% ( it is already but not officially ) , Distribution channels breaking up , Covid panic info , Election audit results, Sleepy tripping and breaking his neck etc etc .

Be Lucky .

[Juicer66]

That Correlation between DXY and Silver Spot is inverse .
That is , when one goes up , the other goes down .

I forgot to make that clear .

[LongTermGuy]

That Correlation between DXY and Silver Spot is inverse .
That is , when one goes up , the other goes down .

I forgot to make that clear .

.... and you have gone "short" at times (when the other goes down) Right..?

[Juicer66]

.... and you have gone "short" at times (when the other goes down) Right..?

Not really .

If DXY drops , you expect that to favour PMs --- money flows into safer and less risky asset classes . That is , precious metal prices will tend to gain .

But often decisions are more made on gut feelings -- regardless of scholarship and research . My track record could be better ---- God's interference . Punishment .

However, I got it right today . I sold at the top -- as it happens .

Until something big comes along , my feeling is that price will channel between 23.75 and 24.25 and should be traded accordingly . It will repeat at least one more time

before trending higher -- based on current markers . But these have to be constantly re-assessed .

What 'we' need is that huge False Flag . Nothing like chaos to produce uncertainty and panic which again means a move to perceived safe harbours -- Gold etc .

Someone should blow Sleepy to pieces . Mix profit with pleasure and just reward .