The coming Gold crash

[HawkHybrid]

2 minutes ago, Mox said:

So, if there had only been one trade and the cat won then you would say it was luck and there should be more. So, there were 4 and the cat won, so you say there should be more. If there were more and the cat won then ‘obviously’ we would need more trades until the professionals won and you could turn round and say “See? Told you so!”. If one has no control over an outcome then the cat can always win, there is no certainty in a game of chance.

 

trading is not about crystal ball predictions.

it's about following cycles. professionals need the freedom to

trade if and when their expertise favours the trade. by fixing

the trades quarterly they've turned it into a gamble. trading is

not gambling. in trading you wait for your trade setup to turn up.

if price hits resistance you position short, if it hits support you

position long. if it's between support and resistance then there's

no trade(unless you know different).

they've set it up to be a gamble and then published the results if

the professionals didn't win.

 

HH

[Mox]

7 minutes ago, Minimalist said:

Fact remains that the cat was lucky because it has no knowledge and understandings of the markets.

Truth is, the more trades over the length of time/greater scale, you get to see who is the real deal. A cat would be at the bottom of the list. 

To win you need someone else to lose, someone has to be willing to buy what you have at a price you are willing to sell. Professionals go bankrupt, there are many losers who call themselves professional, to break even is to be average?, to make a profit is takes some luck? To beat the professionals is to be the cat, I’d rather be the cat than have to make however many trades to win. Maybe it is luck but you need luck to beat chaos?

[Minimalist]

1 minute ago, Mox said:

To win you need someone else to lose, someone has to be willing to buy what you have at a price you are willing to sell. Professionals go bankrupt, there are many losers who call themselves professional, to break even is to be average?, to make a profit is takes some luck? To beat the professionals is to be the cat, I’d rather be the cat than have to make however many trades to win. Maybe it is luck but you need luck to beat chaos?

It was over a trade in every quarter of the year, its a ridiculous sensationalist point. You know yourself that  a cat would get obliterated over the course of say 10 years. Its not even up for debate either.

[AuricGoldfinger]

😂

[Minimalist]

Just now, AuricGoldfinger said:

😂

Hes at it isnt he, its probably someone on a fake account, the state of the cat DP as well lol

[Wonger]

Our cat just threw his mouse on the sell square, then went back to sleep!

[Mox]

 

8 minutes ago, Minimalist said:

It was over a trade in every quarter of the year, its a ridiculous sensationalist point. You know yourself that  a cat would get obliterated over the course of say 10 years. Its not even up for debate either.

I wouldn’t have said sensationalist. Philosophical, or even existential, tentative exploration of the ‘cat’ (luck) beating the professionals and the market who live in a world of unpredictable chaos. Sitting on the fence of the debate between Wonger and the forum. 
And in terms of cat years your 10 is just under a year and a half of a cats life when compared to a human, which isn’t much longer than the duration of the experiment...

[Minimalist]

2 minutes ago, Mox said:

 

I wouldn’t have said sensationalist. Philosophical, or even existential, tentative exploration of the ‘cat’ (luck) beating the professionals and the market who live in a world of unpredictable chaos. Sitting on the fence of the debate between Wonger and the forum. 
And in terms of cat years your 10 is just under a year and a half of a cats life when compared to a human, which isn’t much longer than the duration of the experiment...

Mate, im not debating about  a f#cking cat on here... Christ 

[Wonger]

3 minutes ago, Minimalist said:

Mate, im not debating about  a f#cking cat on here... Christ 

At least the Cat investing performance is actually debatable, unlike the Gold price direction from here, which is down! 😉

[Mox]

5 minutes ago, Minimalist said:

Mate, im not debating about  a f#cking cat on here... Christ 

Ok.

 

But I think you will find you were 😉

[Minimalist]

1 minute ago, Wonger said:

At least the Cat investing performance is actually debatable, unlike the Gold price direction from here, which is down! 😉

PM me your email address and we can make a market. You wont do it because you're a shitebag.

[Wonger]

The Cat also took a look at the Gold price at $1645 and the Trillions of stimulus announced recently and yawned before curling up and going back to sleep!

Edited April 8, 2020 by Wonger

[Martin1983]

12 minutes ago, Wonger said:

At least the Cat investing performance is actually debatable, unlike the Gold price direction from here, which is down! 😉

😂😂😂😂 you love to wind up the boys on this forum mate 😂

[Oldun]

6 hours ago, Martin1983 said:

This issues is NO one currently knows if gold is high or low currently, Harry Dent is saying gold will fall and Mike Maloney and MANY others are saying gold will go through the roof 

And that is why it should only be a small % or your net worth as I mentioned.Many here get confused between price and value as part of a balanced portfolio.  Do not listen to any people who have a vested interest in making you buy or sell. Do your own research.   Cost averaging in is a sensible approach for investment. It protects you somewhat from any large ups or downs over time. Only gamblers and those playing with other people’s money make large short term bets.

Edited April 8, 2020 by Oldun

[HawkHybrid]

1 hour ago, Mox said:

To win you need someone else to lose, someone has to be willing to buy what you have at a price you are willing to sell. Professionals go bankrupt, there are many losers who call themselves professional, to break even is to be average?, to make a profit is takes some luck? To beat the professionals is to be the cat, I’d rather be the cat than have to make however many trades to win. Maybe it is luck but you need luck to beat chaos?

 

warren buffet versus the cat, the cat is almost always on

the losing end of the trade. trading is not about luck, some

traders keep on winning and some traders keep on losing,

(then when they blow up their account, they are replaced by

another gambler(pretend trader) that keeps on losing). it's

not about how lucky you are, it's about removing luck from

the equation and only taking favourable trades. luck affects

every profession, it doesn't stop people from being

professionals.(the key is consistency by limiting the effect of

luck).

 

HH

[Guest]

3 hours ago, Wonger said:

The Cat also took a look at the Gold price at $1645 and the Trillions of stimulus announced recently and yawned before curling up and going back to sleep!

I have six cats and not one of them predicted the numbers I wanted to win for the lotto rollovers; I doubt they would predict the markets... you think you own cats, but they own you - they get fed, they sleep all day and only want attention when they want it. They never conform to the breed description.

You would be better off flipping a coin for heads or tails 😂

[sovereignsteve]

There have been several similar experiments and theoretical exercises published over the years, I particularly liked this one.

https://www.forbes.com/sites/rickferri/2012/12/20/any-monkey-can-beat-the-market/

It just shows how bad the average fund manager is as the majority of them fail to replicate the monkey's success. Traders I'm not so sure.

[Andy1]

On 06/04/2020 at 15:21, Andy1 said:

Yes Indeed, Bears are getting steamrolled this week, once we take out that previous higher high price will bolster. 

Geeez, Don't buck the bull people. As the saying goes mess with the bull and you get the horns. Price magnetizing into higher highs.  

[mr-dead]

[Mox]

Can we get this thread back on topic? Where’s the cat posts gone?

[AuricGoldfinger]

hahaha @Mox 

[Mas]

On 08/04/2020 at 15:59, sixgun said:

Or say f*ck off - can't pay - won't pay - it was counterfeit in the first place.

Then face military actions and perhaps even get further into debt because then you’re being provided with assistance in running your country which you never asked for, guns which you never needed and so on ... 

 

the same old story I guess 😂

[HawkHybrid]

4 hours ago, Mas said:

Then face military actions and perhaps even get further into debt because then you’re being provided with assistance in running your country which you never asked for, guns which you never needed and so on ... 

 

the same old story I guess 😂

 

even without the consequences of such an action, how are you in

the right to actively default on a contract that you've willingly

signed? with that argument, why don't we all 'choose' to default on

all of our debts and obligations? (mortgage, borrowing, everything) 

 

HH

[sovereignsteve]

On 8 April 2020 at 21:48, Wonger said:

Our cat just threw his mouse on the sell square, then went back to sleep!

What's the latest COT report look like and, as you put so much faith in it for your trading, what timeframe would you anticipate for this major fall to play out?

[jultorsk]

An interesting podcast on dollar, deficits, inflation etc.. (no time to listen -> start at 58 min marker) 😅 No cats mentioned, though. 🤔