"Some pro-gold stars like Mark Faber and Jim Rogers are being interviewed every day and are predicting a dollar rally. That is scary to those that have followed them and is making them emotional."
Fear is contagious. As such it is dangerous.
There's plenty of coverage on Jim Roger's short term bet on the dollar. This triggers the fear. Rogers also admits within the context of the bet that he's a horrible short-term trader and will most certainly lose money on it. The following video discloses this piece information:
Video (6:53 into the video): http://www.youtube.com/watch?v=ObVBCHBcQfA&feature=PlayList&p=0AEB0B43B7790A69&playnext=1&playnext_from=PL&index=32
Spin embraces only pieces of information and limited perspective. It usually presents them to generate an emotional response. Sell or buy everything now! Often the emotional response runs contrary to the actions of those generating the spin. For example, the commercial traders continue to quietly increase their short positions as the world recognizes a "crowded dollar trade." They also do this as the window of time for the resumption of the decline opens. This makes the quiet money flows even more salient.
Source: http://jsmineset.com/
Source: http://bloomberg.com/apps/news?pid=20601087&sid=adJ8VOJxxzzQ&pos=6
Source: http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aNWi40L8nVrw
0 comments:
Post a Comment