You didn't screw up Messie, you ABSOLUTELY picked the right side of the trade, it's just that the government decides to change the rules along the way at the expense of those who know how to trade. Eventually there will only be buy orders and no stocks will be allowed to go down. I'm in no way for our country destroying itself, but the government is setting precedent after precedent in regards to the use of our tax dollars to bail out companies that basically stole/profited from these same taxpayers.
Tradingwise it's not going to affect me because I have enough buying power to book profits all day long no matter what the scenario, but morally it's wrong to pick and choose who deserves to be bailed out by our government that is basically bankrupt itself.
Enough of that side of me :)
We should get another great entry point for our miners while we hopefully consolidate a bit in the $840-880 area. The fact that the entire business world can believe it's not accountable to it's shareholders anymore because the government will rescue them is enough to tell me we are no where near a bottom yet.
Subscribe to:
Post Comments (Atom)
5 comments:
Bottom line is that the gov't is also going to be taking hundreds of billions of dollars more onto its balance sheet.
And the end result of that will be hyperinflation = gold going north.
I can just imagine how many more employees the IRS is gonna have to hire to collect on the major tax hikes that will be required.
Maybe I can contract out some work LOL
I think we're setting up perfectly for Gold & our miners.
Wonder if BearPathFrog still thinks SKF is going to $500??
SKF will be over 150 again IMO.
Bottom line is pigs can't fly. :)
Hell yeah, we gonna rock this volatility to death :)
So... you think skf is going down for a while? When might it go back up? What gold stocks should I be buying in the meantime?
Post a Comment