Somewhere around 4 years ago my trading started to lose. I did manage to break even that year but I began to doubt what I knew about trading.
Then I read about Comex changing their gold contracts so that it is more difficult to take delivery. Later I read about Democrat Senator Tom Harkin suggesting that private 401k accounts should be confiscated and closed mine out. Then I read about the market rally with no volume. And now the Fed is going to spend $40 billion every month indefinitely.
At this point I think metals and other price dense objects (e.g. high-end hand tools) are best. Along with a large freezer to stock when good prices on bulk meat come around. I'd also suggest looking into your local CSAs.
I'm working on a metal system that involves moving in and out of the big 4 precious metals. This works best with GoldMoney but the argument that you should be able to have it on hand is starting to persuade. My difficulty is determining its success rate over time as a trade can be held for many years.
An example of this is that I expect the both silver and palladium to become very good buys in relation to gold and platinum at some point "soon". I had originally thought they would cheapen quickly like in 2008 but now I wonder if the price relationship will go the other way. In that they would become good buys because both gold and platinum will skyrocket.
Platinum seems very cheap at the moment, but it normally moves with palladium. So it may go lower yet.
Update 1/5/13 - More on the manipulation
Did Markets Or Manipulations "Save The World" In 2012?
Then I read about Comex changing their gold contracts so that it is more difficult to take delivery. Later I read about Democrat Senator Tom Harkin suggesting that private 401k accounts should be confiscated and closed mine out. Then I read about the market rally with no volume. And now the Fed is going to spend $40 billion every month indefinitely.
At this point I think metals and other price dense objects (e.g. high-end hand tools) are best. Along with a large freezer to stock when good prices on bulk meat come around. I'd also suggest looking into your local CSAs.
I'm working on a metal system that involves moving in and out of the big 4 precious metals. This works best with GoldMoney but the argument that you should be able to have it on hand is starting to persuade. My difficulty is determining its success rate over time as a trade can be held for many years.
An example of this is that I expect the both silver and palladium to become very good buys in relation to gold and platinum at some point "soon". I had originally thought they would cheapen quickly like in 2008 but now I wonder if the price relationship will go the other way. In that they would become good buys because both gold and platinum will skyrocket.
Platinum seems very cheap at the moment, but it normally moves with palladium. So it may go lower yet.
Update 1/5/13 - More on the manipulation
Did Markets Or Manipulations "Save The World" In 2012?
“In general [stock traders are] trained to analyze the economic data, balance sheets and so on. They’re not trained to predict political decisions. These factors have ruled the lives of fund managers in a more significant manner than what used to be over the past 20 or 30 years."
