Will Trump's time as President result in a massive increase in the value of PMs relative to other assets? Some initial falls may see the usual suspects come out of the woodwork to berate stackers for holding worthless metals, and some stackers may become dissolutioned and dump their their stacks, but will strong hands prevail? Will the coming year or two be be an inflection point for metals? Do you have patience?
Trump will make super rich mega rich, well off people will become richer, if you're middle income earner probably you will thread water but if you're poor, sux to be "you"
By definition, strong hands cannot prevail - "strong hands" (in the stacker context) means holding a losing position in physical by virtue of either faith or arrogance. Either way, the position is losing and losses keep mounting everyday that capital is tied up, ensuring returns remain low when averaged over time. "Weak" hands can always buy back again at a later, more profitable time.
Did you just invent that definition to support you argument? Strong hands hold through negative sentiment when weak hands are selling. That's it.
^ That's definitely made up. No such thing for successful/profitable traders. Having strong hands is NOT trading.
Well if this is any indication... Trading on Trump's first business day as president, up 666. 666 I tells ya!
It's bounced off $1200/1199 enough times now for me to see pretty strong support at that psych level, very very exciting, they'll try have to smack it down hard to make it do anything but go set least sideways. The AUD it's the kicker but macro I only see upside, technically it looks ok. I'm not a big buyer, but the hand is strong with this one.
I think the logic behind strong hand is flawed because if one knows that the price is about to tank what is the purpose of holding? The smart money is to sell and buy back at a lower price. However since joining this forum I realised many physical buyers, are part coin collector, part hobbyist and a part invester, and the logics behind that is not something when a normal trader would coinsider.... ie the elsusive value be it beauty or need to own it that both the seller and buyer puts on a design. Ie, say one knows silver is going to go to $5 AUD and is holding 1000 x 1 oz OX, if you sell at $90 a pop now, there is no guarantee you can buy 1000 x 1 OX back at $75, so the problem is do you sell?
Hmmm, but no-one knows where the price is going. That's my only problem with trading, holding, whatever.
It was predicted in a Simpsons episode. [youtube]http://www.youtube.com/watch?v=ZtparSnQhFc[/youtube]
Everyone talks about the size of the debt, but what is the net position? For example the QE money is making a profit for the Feds now and it will be paid back and all those big bail out to the banks, the governments ended up with big share holding which they are selling at a profit, all in all the GFC will be a big boost to smart governments. Unlike Australia where Rudd gave away $1000 and decided to install pink batts. The size of debt doesn't really matter does it, consider people who own multiple properties might owes the bank millions to the bank but if the assets are worth much more and rental income is giving them great tax benefits are those people poor?
