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Originally Posted by Beingist  Not sure how anyone can be buying paper. Any paper. Short or long (though long term, I can see shorting the Euro a better bet). I'm just hoarding silver (not that I have a lot to hoarde  ).
Interesting, your mention of timing and politicians. I'm wondering what the pols here will be doing, when that critical time comes. |
Someone is propping up the EURO, not sure exactly who (People are mentioning the ECB, the Swiss, Middle east, Chinese - who knows! - interesting article
here). Fundamentally it should be falling off a cliff and technically it's in a down trend so the next big wave down should be soon. People are speculating that this upward consolidation is just a push up to a good resistance level to short from, we'll see..
Gold and silver look like good bets, I'll be going into physical bullion just as soon as I get a new contract whenever that is. Careful of silver though, it's quite manipulated by some big names who have the volume to move it around to where they want it (JP Morgan or Morgan Stanley? One of the 'Morgans' amongst other names...)
Kitko is a very good site and forum for all things gold and silver.
I'm looking to get a bit longer term when I've built up some more equity. Need a bigger account for those wider stop losses to ride out longer term moves.