Tim, I think the US stock market is manipulated, that i stopped trying to short it, in a conversation I had with Trader Vic who i admire and took 2 days of learning from him, he told me trading stocks is something he never does any more , and that air head fund mangers are chasing stocks at these prices, when it happens and he said he cant time it, it will be 2x worse than the previous crash and the precious metals will see new highs, what is you take on the market and precious metals for the intermediate term? Thanks
Hello Ludmila, I'm just seeing your question. Feel free to Private Message me if I don't reply. Traders Trade, so I'm confused as to why Trader Vic would think this way. I see what he means about the outlandish valuations and I have commented on that many times, including putting out shorts in PCLN (Priceline) calling it "INSANITY", etc. So, the key is to have a trading plan and manage your risk. You can trade options only if you are worried about losing everything. The volatility is so low now that this is the best time in the world (relative to the last 30 years) to be trading options. If you need to learn anything, I'd be happy to speak with you directly. I'm always looking for trades that set up based on the movement in GLD and GDX (Gold Stocks). The gold stocks are still basing out here. Gold is in an uptrend. See my various charts I have published on XAUUSD lately.