tag:blogger.com,1999:blog-27784316.post1282894062460884765..comments2023-09-06T03:23:43.027-07:00Comments on I AM A FUTURES TRADER: Chris Johnstonhttp://www.blogger.com/profile/01542415946929766288noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-27784316.post-65431862223083244192009-03-08T14:39:00.000-07:002009-03-08T14:39:00.000-07:00I just study history and what has typically occurr...I just study history and what has typically occurred. The idea that is being sold as to why GOLD will go way up is a concept that has no historical precedent. I have no idea if it is correct, but I base all of my trading decisions on patterning things that have cause and effect in prior instances.<BR/><BR/>Gold has never been an effective flight to quality from stocks. Anybody who has studied that relationship knows that. Now, whether or not it might be this time by chance, I cannot say. Gold investments should be based on inflation views, and since we are in a deflationary spiral now, I do not see why Gold should rise. I will grant you it has held up better than any other commodity. Maybe that is due to the excessive hype it is getting from everyone on the radio, TV etc.. It is so reminiscent to me of the Real Estate Bubble that I really see no difference.<BR/><BR/>I watch inside players and what they are doing, and they are selling right now, especially in Silver. That is a sell signal to me, I don't care what Chicken Little ( Glenn Beck ) or Sean Hannity tell me, I want to be the opposite of them in investing strategies.<BR/><BR/>Maybe the world is truly ending and GOLD bars will be the only viable barter item, and I will be proven wrong. Short of that, until we get into an inflationary cycle, I do not think Gold is going to rise a large amount. It is in an uptrend so buying dips is prudent at 870 area but I am looking to short it up on this bounce we are getting.Chris Johnstonhttps://www.blogger.com/profile/08943304393379552866noreply@blogger.comtag:blogger.com,1999:blog-27784316.post-4912363873790578852009-03-08T14:01:00.000-07:002009-03-08T14:01:00.000-07:00Could you share some details on your studies as wh...Could you share some details on your studies as why you think gold's day may never come? Thanks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27784316.post-7794366947380965272009-03-05T13:02:00.000-08:002009-03-05T13:02:00.000-08:00I don't think it is ever coming based on my studie...I don't think it is ever coming based on my studies of markets but I trade short term so I do not really care what is going to happen 6 months from now. I am more concerned about 6 days from now. The dumb money is chasing that market, not the smart money, itleast at the moment anyway.Chris Johnstonhttps://www.blogger.com/profile/08943304393379552866noreply@blogger.comtag:blogger.com,1999:blog-27784316.post-12695932268438983232009-03-05T12:25:00.000-08:002009-03-05T12:25:00.000-08:00It does look like gold's moment hasn't come yet. I...It does look like gold's moment hasn't come yet. It will probably be in a range between 700 and 1000 for a few months. If and when the treasury bond market starts to unravel (last bubble to burst?) AND gold breaks out 1000, watch out.Anonymousnoreply@blogger.com