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To: BiglyCommentary

Would you trade gold for rubles?


5 posted on 02/28/2022 12:06:39 AM PST by P-Marlowe (I got the <ΙΧΘΥΣ>< variant. Catch it. John 3:16)
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To: P-Marlowe

My favorite trades over the decades are the blood in the street trades. Human nature when acting on pure fear is very prdictable. Fear of the unknown/future is always the greatest and that causes very big overshoots. I love to fade those. Not the type of trades for the slow or timid.

So to your question... I would have have traded gold for rubles last even when those markets opened and the ruble hit a new record low and gold had spiked up. I would have gone flat on that trade after those opening spikes reversed. Now I would pass on the trade. Way too unpredictable at this time.


6 posted on 02/28/2022 12:18:23 AM PST by BiglyCommentary
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