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Thursday Morning discussion with Gary Savage

Big Al
August 22, 2013

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Discussion
10 Comments
    cfs
    Aug 22, 2013 22:54 AM
    Aug 22, 2013 22:37 AM

    If you are trying to sell a security this afternoon the main benefit of owning physical precious metal has become very evident.

    Aug 22, 2013 22:44 PM

    We got the swing I was looking for. Traders can go long the S&P with a stop right below 1639.

    Aug 22, 2013 22:56 PM

    This is a disturbing feeling; finally Gary and I agree on something.

    Aug 22, 2013 22:00 PM

    This can’t be happening again! This guy has a signal to get long SP 500??

    I’ve learned since picking up on Forex Kong’s trading that “you don’t want to be on the other side of Kong” – who’s had the correlation of USD down = US equities down working for quite some time now.

    USD is set to plummet from what I read – and the SP 500 is most clearly NOT a buy here.

    Check out http://www.forexkong.com to get an idea on what’s “really” going on.

      Aug 23, 2013 23:43 AM

      LOL this is the same guy that assured everyone that the dollar was going to rise no matter what the Fed did. Just like the Yen did for years and years.

      FK is just like everyone else in this business. They win some and they lose some. The best in the world get it right about 55-60% of the time.

    Aug 22, 2013 22:49 PM

    Wow :: 2 days ago options market , not trading proper. today [thurs] nasdaq closed for three hours [software problems] flash crashes etc. the exchanges are too weak and over dependant on electronic trading. excessive , elctronic flipping of stocks [equals massive day trading by institutions and hedge funds] getting dangerous. buy quality stocks and bonds. i am 25% in cash and my landlady is 40% in cash . We are waiting for a sharp selloff in market or in some high quality blue chip stock in Sept or Oct. also looking at a high quality group of corporate bonds for a swing trade sometime in Sept.

    Aug 23, 2013 23:28 AM

    Wouldn’t bother me in the least if exchanges crashed 4 days a week.

    We need more investores – less traders.

      Aug 23, 2013 23:52 AM

      Yes, we certainly do Irwin!