GREY:SGGDF - Post by User
Post by
stockmoveson Nov 07, 2007 11:49am
392 Views
Post# 13768060
The BIG Picture !!!
The BIG Picture !!!before you read this ill have u know i still have my long postion on SGX... only long position i have...
for a long time now i have been on the edge of my seat fearing a market crash, everyday that gets more and more likely in my opinion. the US is scary... the debt in the USA is starting to finally show itself, this US housing issue is far from over and thats just part of the bigger debt picture with our US counterparts. Gold is breaking out which i view as a worldwide uncertainty with the US looking so bad. Now the US and England sell their gold reserves because i mean why would anyone need gold when we are such an incredibly strong and tough nation that could never ever change. lol what a joke.. Wait til our lovely neighbours of the other world come in and buy up the USA.. Wait til all these cash rich countries that our neighbours have been at odds with march in and buy up the USA's assets for a song. Its the immigrants that will be living in all these beautiful empty homes. Now take oil up to $150 a barrel and whats the US to do apart from go to war to get oil??? Add a market crash somewhere in this turmoil and does gold ever look good, remind me why i didnt buy any of the hard stuff long ago.. Man this sounds like doom and gloom but if u add spirituality into the picture you would never say never lol.. I hope this mess sorts itself out personally but hard times we could see in our day... Ive never been a believer of debt or leverage and have missed a lot of opportunities, or have I ?? Bottom line use discretion in trading .. dont risk what u cant afford to loose... Im hopeful we get a rally into the winter here that will last til the spring, and with Gold popping that just may be the case, but be prepared that one day anythg can change and faster than u may have ever anticipated..
Regards
SM.