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wolf

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Everything posted by wolf

  1. Am looking to invest in a few second tier oil companies listed on the LSE whilst prices are depressed? Any suggestions?
  2. Impossible to make sense of today if one is an investor and not a trader. I dread to think how many retail investors ran for the hills today and sold off their holdings to the traders who promptly sent the price right back up again. Tomorrow, they'll probably short it all again . Unless th ordinary man in the street understands that the markets are now controlled by short-term traders they won't stand a chance.
  3. Yeh - but since 2008, the Fed's priority has been to protect the stock market. The fat cats won't want to change that. Already plenty of calls to rule out Sept rate hike "in order to protect investors". Economic reality is only a side issue nowadays.
  4. A more obvious point for it to bounce off is around 6200, not that it has to do the obvious..........
  5. This place Exactly. Maybe that's why there are so few contributors nowadays.
  6. Loil may come later but at the moment I am also not confident that a firm bottom is in place. At present I am simply thinking of dripping into companies that have top 10 sector listing on LSE like Tullow and Premier Oil and wondered if anyone could give a head's up there. Nothing fancy!
  7. You couldn't be more wrong, not if you had a functioning brain cell. But I love it. ......
  8. Have you ever had a life?! (lol) http://www.wisegeek.org/what-is-the-lifespan-of-a-cockroach.htm (in edit): I have found that: Sometimes when people HATE an idea, it is exactly the right time - Dr Bubb
  9. wolf

    SILVER

    What is the point of using charts when the markets are rigged? Good point - except that people still do. In other words, if enough people do the same thing at the same time because of a trigger, whatever that trigger may be, best to follow the herd. Of course TPTB will ensure that there are times when what looks like a trigger turns out to be a dud but - by now- no-one should be unaware of how rigged and manipulated the markets are and accept that this is how it is nowadays..
  10. WOLF's WORDS How high can equities rise? It was mainly non-mainstream commentators who more accurately predicted the outcome of massive debt build-up but may have been less prescient in understanding how governments and central banks would deal with the aftermath. What we do now know is that massive doses of QE have poured into the equity markets and that the traditional factors that once moved markets have become largely redundant. Rather, those who can control events seem prepared to do whatever is necessary to prevent asset prices (the exception being the housing market in the US) from falling. This, being the case, how can one react if one believes that the markets are seriously overbought but there is nothing to stop much further pumping. Maybe Abby Cohen was not so off-the-wall when she forecast the Dow at 40000?!
  11. The point I was trying to make is not how high the Dow might climb but that investors want poor economic news so that this will encourage Bernanke to continue with QE which in turn is more likely to push equities higher. Or in other words investors have said that they would prefer to have hyperinflation than good economic news.
  12. wolf

    SILVER

    Of course there are different ways of reaching this new ratio. (1) The price of gold but not silver could collapse (2) The price of silver could rise whilst gold remained static (3) Both could rise but silver at a much faster pace than gold. I presume Sprott is an adherent of the 3rd scenario.
  13. Have just read a couple of articles pre-Dow opening saying that investors are hoping that economic forecasts are not too rosy because that could lead to less QE and fall in equity prices. So what point have we really reached with the markets. They will go up on bad economic news as that is likely to give rise to more QE. They will fall on good economic news as that is more likely to turn off the printers. This has got to be a nightmare scenario that our Lords and Masters have created for us where investors would prefer to have hyper-inflation than a properly functioning economy. There'll be tears before this one is over . Lol!!!!!
  14. Indeed - but it is logical that if you print money and have virtually zero IRs the value of your currency is likely to fall and vice versa whereas it seems to me that it is illogical that the Dow is almost at its record high,if one judges it against economic conditions. So if the only thing driving the market is the promise of further QE and the only thing that will change its direction is the termination of this policy, is there any point in using more traditional markers to try forecast what it is likely to do next. Surely all we have to do is listen to what Bernanke says, end of story.
  15. I was being rather tongue-in-cheek with that last comment but I do think that it has never been more difficult to understand the markets because traditional "markers" are becoming increasingly obsolete. Can anyone recall a time when governments were so reluctant to let asset - in this case - equity prices fall? BTW, Abby Cohen's prediction was made several years ago and resulted in her losing her job with one of the largest investment banks. In 2008 Goldman Sachs "replaced" her as their chief forecaster..
  16. wolf

    GOLD

    Don't worry, I have just sold some more gold and silver so the price should start to rise nicely now!
  17. wolf

    GOLD

    Exactly - because its governments that control the markets nowadays. They want equity prices to rise and bullion to fall. Hey presto! Ignore logic and rationality. Just go with the trend!
  18. wolf

    GOLD

    So when will investors be prepared to test the waters again. My guess, 1550.
  19. wolf

    GOLD

    How refreshing to read posts on an investment issue without reference to aliens, earthquakes or end-of-the-world scenarios!
  20. wolf

    GOLD

    I am trying to find a chart which shows Macd over a longish time frame. Where did you get this one from, please?
  21. wolf

    GOLD

    I thought equities markets were rising because of inflationary pressures, therefore I cannot understand why gold is falling?
  22. Zuckerberg has made a fortune and those who bought into the IPO were suckers!
  23. Teach people the long-term benefits that accrue from allowing creative destruction rather then brainwashing them into believing that deadwood should be supported at virtually any cost.
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