tag:blogger.com,1999:blog-7195457066849753685.post7198539410291057804..comments2023-11-03T12:02:50.734-04:00Comments on Avalon Commodities Trading: Real Money?The Bush Economisthttp://www.blogger.com/profile/04854241305066510283noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-7195457066849753685.post-3633116101516601142006-11-22T11:23:00.000-05:002006-11-22T11:23:00.000-05:00Bill,
I agree with you regarding the bull being g...Bill,<br /><br />I agree with you regarding the bull being gone for a while, and have argued so in various forums and amongst friends; even to the point of making myself somewhat of a pariah.<br /><br />Even oil seems to have had it for a while. (There now that I've said it it's probably a great fade! lol)<br /><br />I doesn't affect me greatly as I like to trade volatility first, swings and intermediate trends next, rather than hold for long periods. <br /><br />But back to DX vs GC... I wish I had taken the DX trade rather than the gold. :-/<br /><br />CheersThe Bush Economisthttps://www.blogger.com/profile/04854241305066510283noreply@blogger.comtag:blogger.com,1999:blog-7195457066849753685.post-43780992288978707672006-11-22T10:41:00.000-05:002006-11-22T10:41:00.000-05:00Your previous post and the link on Kitco, I believ...Your previous post and the link on Kitco, I believe many of those arguments could apply to gold, oil, and the softies as well. Of course, since it's a Kitco paper, they couldn't MENTION the possibility of gold being included in their hypothesis, but it is possible.<br /><br />I don't know either. I am currently long only PCU in that space, but have a specialty chem NEU in the port and have several on watchlist. I was VERY HEAVY gold, copper, oil, and steel at the start of the year and think the bull may be gone for a while from these plays.nodoodahshttps://www.blogger.com/profile/05324705536306995431noreply@blogger.comtag:blogger.com,1999:blog-7195457066849753685.post-92230652134339400472006-11-22T09:48:00.000-05:002006-11-22T09:48:00.000-05:00Bill,
Got those links up alright... interesting.
...Bill,<br /><br />Got those links up alright... interesting.<br /><br />Thanks<br /><br />As it turns out, the Dollar Index is getting swatted a lot harder than gold is rising. Euro is confirming that relationship.<br /><br />Maybe gold IS looking a bit bearish on that count. <br /><br />Like I said.. no idea :-o :-)<br /><br />CheersThe Bush Economisthttps://www.blogger.com/profile/04854241305066510283noreply@blogger.comtag:blogger.com,1999:blog-7195457066849753685.post-12090833241237728012006-11-22T09:24:00.000-05:002006-11-22T09:24:00.000-05:00If the links don't come through clearly, let me kn...If the links don't come through clearly, let me know and I'll email them or put them on my blog.nodoodahshttps://www.blogger.com/profile/05324705536306995431noreply@blogger.comtag:blogger.com,1999:blog-7195457066849753685.post-1203912502922208852006-11-22T09:23:00.000-05:002006-11-22T09:23:00.000-05:00Hi Av,
You may know I sold out of my NXG a few mo...Hi Av,<br /><br />You may know I sold out of my NXG a few months ago and got whipsawed out of a GLD not long afterwards. I'm happy with the NXG (May '05 purchase). Right now I'm inclined to be a gold bear based on this triangle.<br /><br />http://stockcharts.com/h-sc/ui?s=$GOLD&p=W&yr=2&mn=0&dy=0&id=p32137783755&a=89157921<br /><br />Now, if gold had an inverse relationship to the dollar, one would expect a chart of the gold contract, divided by the USDX, to be flat, right?<br /><br />http://stockcharts.com/h-sc/ui?s=$GOLD:$USD&p=M&yr=10&mn=0&dy=0&id=p76223293927<br /><br />You can clearly see that gold disconnected from the dollar by 2004 and is currently moving as a commodity.<br /><br />Just my thoughts ...nodoodahshttps://www.blogger.com/profile/05324705536306995431noreply@blogger.com