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TFC Commodity Trading Forum

Re: Can The Gold Rally Last Longer Than A Day?

Mother market always provides a timely answer.

I was recently at a conference and when introduced as a futures and foreign exchange guy the stock guy who was running the show asked me right away if I was a gloom-and-doomer like all the other commodity people who always think stocks are going to crash and gold is going to $5000.

I responded that "no I'm an optimist and shorting stocks for the most part is a bet against human advancement". I did laugh though because there was so much truth in what he said about people who follow commodities.

Old saying: "Pessimists don't make money on Wall Street"

Messages In This Thread

Can The Gold Rally Last Longer Than A Day?
Re: Can The Gold Rally Last Longer Than A Day?