The Week In General....
This week should see the back and forth sideways motions that we saw in the markets for the past week or so. Nothing too deep and nothing to high. If you are playing your positioning you might want to look for more correction in the stock indexes but not too much. Maybe another 2-300 points in the DOW for a reference point. It might seem like a lot to you day traders but to the majority of people occupied day to day with their jobs and their lives it won't be anything to write home about.
The pundits that are calling for a market collapse will be wrong yet again. They remind me of the boy that cried wolf. You get so tired of listening to the crap all the time that perhaps when and if it comes no one is going to take anyone seriously. I mean most of these guys would be so broke they would have gone through their tenth account by now if they were taking positions based on their own predictions. I sure hope that you aren't following any of them.
You see this is why you need your own parameters of when to enter and when to exit. It does you no good to listen to any person tell you over and over what is going to happen. Even me. I can give you the trades that I am taking but it really doesn't mean anything at all. They happen to work most of the time but that is based on my own understanding of the markets in relation to how much I am willing to bet on each trade. I am not always right and that is why you need a simple strategy that lets you stay in the game being wrong more times than you are right.
Is gold going to the moon?
In a simple word, "no". Nor will it ever go to the moon. There is no reason why it would with the number of disruptive technologies that are coming down the pipeline. It is no longer a store of money.
Why would it be. Are you going to carry you sack of gold around to do transactions or are you more likely to do digital transactions through block chain in the future or some other advanced technology that is a far better method of secure wealth store.
Let's just cast our mind for a minute and assume everything is going to hit rock bottom again like in 2008. Is gold going to climb through the roof in such an environment? No. Deflation doesn't work that way. I think the gold bugs are going to have to realize that their hay day in gold has come and passed and will never likely return in our life times again. You have to realize that it holds no place in the new world that we are progressing towards. We are .72 or 72% of the way towards becoming a Type 1 society. Exactly what place does gold fit into all this? Well there is no place unless you like jewelry which isn't a bad place to put your money if you want. At least it is portable.
All I will really be doing this week is protecting my profits from the oil move although I think it will still fall a little further before turning again to the upside. However this is not the place where you want to try and bottom pick.
Now lets look carefully at the markets. Is there one type of technology that you want to try to put your money in?
I think the best thing that you can do at the moment is position yourself with some up and coming technology companies that are on the cutting edge of gnome research and some cutting edge technology firms that are designing top rate algorithms that are going to solve problems in the driverless cars and production areas.
Oh and by the way AI (artificial intelligence) is not evil and will not supplant humanity. It is still programmed by humans and until that radically changes it is not and will never likely be as complex as the human brain. Cheers.
The pundits that are calling for a market collapse will be wrong yet again. They remind me of the boy that cried wolf. You get so tired of listening to the crap all the time that perhaps when and if it comes no one is going to take anyone seriously. I mean most of these guys would be so broke they would have gone through their tenth account by now if they were taking positions based on their own predictions. I sure hope that you aren't following any of them.
You see this is why you need your own parameters of when to enter and when to exit. It does you no good to listen to any person tell you over and over what is going to happen. Even me. I can give you the trades that I am taking but it really doesn't mean anything at all. They happen to work most of the time but that is based on my own understanding of the markets in relation to how much I am willing to bet on each trade. I am not always right and that is why you need a simple strategy that lets you stay in the game being wrong more times than you are right.
Is gold going to the moon?
In a simple word, "no". Nor will it ever go to the moon. There is no reason why it would with the number of disruptive technologies that are coming down the pipeline. It is no longer a store of money.
Why would it be. Are you going to carry you sack of gold around to do transactions or are you more likely to do digital transactions through block chain in the future or some other advanced technology that is a far better method of secure wealth store.
Let's just cast our mind for a minute and assume everything is going to hit rock bottom again like in 2008. Is gold going to climb through the roof in such an environment? No. Deflation doesn't work that way. I think the gold bugs are going to have to realize that their hay day in gold has come and passed and will never likely return in our life times again. You have to realize that it holds no place in the new world that we are progressing towards. We are .72 or 72% of the way towards becoming a Type 1 society. Exactly what place does gold fit into all this? Well there is no place unless you like jewelry which isn't a bad place to put your money if you want. At least it is portable.
All I will really be doing this week is protecting my profits from the oil move although I think it will still fall a little further before turning again to the upside. However this is not the place where you want to try and bottom pick.
Now lets look carefully at the markets. Is there one type of technology that you want to try to put your money in?
I think the best thing that you can do at the moment is position yourself with some up and coming technology companies that are on the cutting edge of gnome research and some cutting edge technology firms that are designing top rate algorithms that are going to solve problems in the driverless cars and production areas.
Oh and by the way AI (artificial intelligence) is not evil and will not supplant humanity. It is still programmed by humans and until that radically changes it is not and will never likely be as complex as the human brain. Cheers.
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