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To: kjam22
buy gold and silver as a hedge against over valued equities?


14 posted on 10/05/2014 2:23:54 PM PDT by expat_panama
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To: expat_panama
I'd just say what you said, but much more gently AND provide a reason or two why so.

Correct me if this contradicts your experience, Pete, but it is my considered view that if a product/commodity/shares/investment vehicle (of whatever type) is actually ADVERTISED to the public, then the sane investor -- and even more so, the sane trader -- wants precisely NO part of the long side of what is being advertised.

A particularly vicious example of this you-don't-want-this-garbage philosophy was the presence of Tom Stolper on Goldman Sachs' currency trading desk up until last year. Would you believe that this clown (on orders from his masters, without doubt) issued 11 CONSECUTIVE EUR/USD TRADING RECCOS over 2 1/2 years...ALL of which were wrong; those who went opposite these reccos profited hugely (including, of course, Goldman).

Point is for the trader or investor, develop your own methods or stay the hell out of the mkt.

For my part, I'm trading ONLY spreads right now (have a new and conservative methodology in which you might have an interest, btw).

Good trading to you, and thanks for your efforts on these threads!

19 posted on 10/05/2014 2:44:18 PM PDT by SAJ
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