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TFC Commodity Trading Forum

Re: Well, I'm licking my wounds/Lee

Thanks for the encouragement Lee...
I should have went with my first instinct instead of trying to overanylize things as usual, ah well, it is ok sometimes to change your opinion in these markets but you are right that maybe it was wise to stand aside for a bit....'if in doubt get out' as they say...
I'm still suprised there was such a strong consensus before the announcement and it STILL rocketed higher....I also saw many technical alignments for a drop in multiple markets, but when you just print money by the billions I guess it can influence a change on the technicals rather quickly lol....
Anyways I am a convert now...I see that metals will just go higher until there is a dramatic shift in thinking in our leadership, but for now facing our debts and letting things correct thenselves in a natural way is unpopular so instead we will inflate and make it much worse down the road....

They will continue to print until we have an utterly catastrophic failure of the entire western monetary system...
Until then all you can do is 'go with the flow' and try to keep up a bit with this inflation by catching some of these metals rallies...

Glad you liked the photos...I highly recommend St. Petersburg as a tourist destination...it is truly remarkable beyond words...

Cheers! :-)#