Trading has many advantages, but articulating long term strategies is not one of them... Though I expect good things from the precious metals sector over the next year, today is the second day of high volume downwards action, confirming my thesis that there is a short term top in gold ~900. I've sold all my precious metal related stocks (
GLD,
SLV,
GDX), and have gone short for the time being, who knows when this market will find a bottom. In the "one that got away department",
INTC numbers fell
sufficiently short of the nervous markets expectations, and the semiconductors are getting pounded (
SSG). Agriculture seems to be following gold, and thus I've moved a good deal of my positions short, in cash, or in the yen. Blogging and trading might not mix too well, it is difficult to time recommendations to a reasonable degree in which the remain profitable for weeks to come, not just a few days... I will have to figure out a better method... I'm hoping the Chinese indexes continue lower... they appear to be headed to my long term
bargain zone. Using linear regression, I think
FXI will be attractive ~120.
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