“...money is demanded for its usefulness in purchasing other goods, rather than for its own sake,”
as Ludwig von Mises [2] argues.
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Thursday, July 17, 2008
Global Wealth Destruction as Gold Rises, Part II
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4 comments:
BOon , tan here again are u looking forward to enter crude oil at this level again> ? looks very much intereesting and attractive....!!!
Its always very scary to play with this automated calculator. It gives you the RIGHT answer so scary that you will deny it. In actual fact, we working class are all kais pagi makan pagi and kais petang makan petang saja. We ilve in NEGATIVE CASH world now.
Boon, have you sold your Crude Oil and NG positions or are you hedging? What do you think is the cause of the recent selldown and is it going to resume it's uptrend after this?
I think you are one of the best in predicting the markets and withstanding the volatility. Thanks for your insights.
tan,
-- I am still in Crude Oil. All my positions, hedges, profit takings (partial and full), and stops are published. Please refer to "Boon's Positions."
-- I can't tell you when to buy or sell. What I can share is when I will find it cheap enough to add. Be patient.
felix,
-- Inflation is an invisible tax man.
chong
-- I am still in Crude Oil and NG. All my positions, hedges, profit takings (partial and full), and stops are published. Please refer to "Boon's Positions."
-- There will always be up's and donw's. Traders/investors are taking profit after a significant run-up. The secular bull markets are not over in my view.
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