Record-High Prices For Gold!

14 thoughts on “Record-High Prices For Gold!”

1. Re: Max Artusy: You may want to check out the following web site as another option. I hope it helps.

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2. Given the state of affairs in Washington, I am looking for a hedge for liquid cash. I would like to convert from dollars into this hedge. My best bet so far is FXF, (Swiss Franc ETF) or the obvious GLD, ETF. Does anyone have a better idea? I need to convert in and out of this, for stock purchases.

3. I love the Big Casino. But the kind words of DGDye to another human being were even better! I think those words were uplifting to us all. Thanks!

4. Re: DGDye: Thank you for your elaborate answer. Now, I like to gamble, make no mistake about it, but in Las Vegas or Biloxi, MS, NOT in The Stock Market. In the casino my wife likes the slot machines and has done very well; I like the dice tables, because I control the betting medium, not a dealer, and I usually do very well. How? By NOT making sucker bets! I bet with The House and keep the negative odds at a minimum. I try to apply the same principle to "investing" in The Stock Market, i e: I do not borrow money, I do not play options, I do not short and certainly DO NOT trade futures. I realize it is a gamble, does not matter whether you invest or trade. You and your friends have been lucky. Congratulations. We have NOT tried to make a living from The Stock Market. We never thought we could. We have only used it as a vehicle to TRY to enhance our savings for our later years, where we are now. And I repeat, The Stock Market of today is like a gambling house compared to the stock market of 40, 30 or 20 years ago.

5. Carlos,

   In 1940 Jesse Livermore wrote that it's the investors who are the gamblers, not the traders. He then rattled off a number of "widow and orphan" stocks that sold for $200 - $360/share in the early part of the century that were now (1940) going for about 25 cents. So much for "investing."

   Futures markets are a zero-sum-gain...someone has to lose in order for someone else to win. So every day we compete against the billionaire traders we read and hear about. It's not easy. You wouldn't expect to win a basketball game against Michael Jordan after a year or two of practice.

   Having said that...I and a few acquaintances have been able to systematically achieve results for a few years now that allow a terrific lifestyle, including quitting work, buying lots of depressed real estate, European vacations, foreign language schools for my children, and more...all from the markets. So I KNOW it can be done.

   As for 2008, it was the BEST performing year for us. That's what I want to emphasize to Ken. You can make money in ANY market. A double dip for America would be unfortunate, but it would be an amazing trading opportunity. I know Adam's aware of that because he's hinted at it a few times in his shows.

   I would just caution Ken -- or anyone -- that the Marketclub TT methodology WILL result in drawdowns at some point. This is necessary, as any arithmetic decrease in drawdowns using a smoothing mechanism results in a geometric decrease in profits. And if your bankroll is too low, or if you are using "scared" money, you will abandon ship right at the point you are about to start making money...or you will lose all your money before getting a return. So the experience you mention in your comment is mathematically preordained, and whether you profit from it is an emotional question, not a mathematical one. The math is logical...we, as humans, are not.

   So Ken needs a solid base from which to start, both financially and emotionally. I've found the #1 reason people aren't prospering in this "casino," as you call it, is their lack of faith in the markets to give them a return through a system with a positive mathematical expectation. Whether you think the market will provide you with a living or you don't, either way, you're right. It's been very kind to me, but my commodities broker tells me more than 95% of clients close out their accounts with a loss...usually a complete loss...so obviously, for whatever reason, most people just can't make it in the futures markets.

   I and my friends are math people -- and a couple of them are ranked poker players -- so maybe a casino is the perfect environment for us 🙂

   Cheers!

6. INVEST??? In today's Wall Street Casino??!! Please do not misguide the poor fellow. My wife (76) and I (83) have a combined INVESTING experience of 98 years since 1962. She is an excellent chartist and I can handle the mathematics (not arithmetic) as an engineer. Thus we were able to make some decent money until the beginning of 2008 when we pulled out 100% because things did not look good to us. We fortunately turned out to be correct. Since then, it seems to us, The Market has become a Casino of Traders, with very few Investors. We do have an on-line trading account with a small amount of money to TRY to make some money INVESTING in mining stocks ONLY. It is extremely difficult and we are usually FORCED to sell prematurely lest we loose all our gains. NOT the way we used to invest. We learned to swim with sharks long ago, but there is no way in hell you can swim with PIRANHA. The only investment that has paid well for us since 2000 has been the precious metals.

7. Ken,

   One other thing...get hold of an uplifting friend, church pastor, counselor, or anyone who will hear you out and offer support.

   And if you can, take up exercise...when you're lifting 200 pounds over your head in the gym, you ain't thinking about anything but that weight...trust me.

   Good luck!!

8. Ken,

   Don't give up hope!! Lots of savvy investors made a fortune in 2008 during the financial crisis. It's very difficult to invest with "danger money"...that's money you can't afford to lose so you tend to buy when you should be selling and sell when you should be buying because of emotions.

   In your situation, Marketclub is probably not the answer right now. I would focus on saving as much money as you can by doing any jobs you can and living beneath your means until you get a stake that you can afford to invest. The amount should be enough that if you were to lose half, it wouldn't change your lifestyle.

   After...and only after...you get that stake, buy the membership, listen closely to Adam every day and watch the trade triangles. Also, I would focus on investing in stocks above $20. Stay away from the volatile juniors. Jesse Livermore said 100 years ago that if you can't make money off the majors, you can't make money.

   "When you find yourself in a hole, the first rule is quit digging."

   Good Luck!!! Keep us posted on your progress.

9. Thanx to eMail Me,..

10. Timimg is everything. I anticipated a cooling period after QE2 ended. Accumulated cash to reenter the PM trades,about Sept. when Ben would feel pressure to start printing again. OOPS, Bens remarks about more stimulous and the contagion in Europe was a huge black swan. Gold had started to climb on Mon. Traders felt(knew) that Ben was going to pop the news re stimulous. Fundamentals did not warrant such an explosive surge. My expectations were correct, timing was off. What now? I anticipate lots of profit taking. Gold back to 1500 and silver to 30 before Sept. IF there is resolution of the debt ceiling (probable), and a growth in employment numbers,(questionable). Another black swan circling overhead. Never a dull moment for perceptive investors.

11. How about a free yr for a single parent that raised his child on his own, had a business, had a 350,000 dollar home in port charlotte fl. Went out of business do to the phone company used for the business taken bribes from another same type company, blocking phone calls to his business, went bankrupt. Child died at the age of 18. lost home, had to sell due to the market for 159,000, 10,000 went to the realtor. Going down quick if what savings isn't invested to make some real money, or else may end up with son.

12. Gold and gold and silver mining stocks were way up Mega Precious Metals MPRXF was up 15% for the day
    Italy is joining the other failing fiat countries in europe maybe they will abandon the Euro
    Gold and silver will continue to go up.

13. How do you get to the Market CLub TV Show??

    1. Rod,

       Join us by visiting: http://club.ino.com/trading/marketclub-tv/?MCTV0713

       We will also be posting the re-play on the Trader's Blog later today. Stay Tuned!

       Every success,
       Jeremy

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